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Property Description

Why choose between income, lifestyle, or business potential when you can have all three? Perfectly positioned in Biddeford's sought after Five Points neighborhood, this fully renovated two unit property features rare B2 zoning, allowing for residential, commercial, or mixed use.

Whether you want to live in one unit and rent the other, lease both, or explore a variety of business opportunities, this property delivers flexibility and long term value in one of Maine's fastest growing markets.

This duplex style building has been extensively updated with a new roof, front porch, siding, fresh paint, flooring, new appliances, granite countertops and cabinets in one of the kitchens, updated bathrooms, plumbing and electrical upgrades, and a new 200 amp electrical service. Both units feature three bedrooms, and one full bathroom perfect for additional living space or a home office.

Projected rents are $2,000 per month per unit, offering potential annual income of $48,000. Each unit has separate utilities, allowing tenants to pay their own heat and electricity and maximizing your bottom line. With both units vacant and move in ready, this is an ideal opportunity for immediate occupancy or investment returns.

Off street parking is available for each unit on opposite sides of the property and a rare downtown backyard space for outdoor enjoyment.

What sets this property apart is its B2 zoning. In addition to being a strong residential investment, this lot opens the door to a variety of commercial uses in one of Biddeford's fastest growing areas.

336-338 Alfred Street is turnkey, income producing, and full of potential in one of Southern Maine's most dynamic markets.

Overview

Property Status
Sold
Lot Size
3,920.4 Sq.Ft.
MLS ID
1630878
Property Type
Commercial
Year Built
1900

Features & Amenities

Total Area
1,808 Sq.Ft.
Neighborhood
Biddeford
Stories
2
Water Source
Public
Roof
Shingle
Lot Features
Public Transport Access, Near Turnpike/Interstate, Downtown, Near Shopping
Parking
1 - 4 Spaces, On Site, Off Street
Heat Type
Hot Water, Baseboard
Air Conditioning
None
Other Interior Features
Storage
Sewer
Public Sewer
Sales Price
$425,000
Real Estate Tax
$3,391/yr
Zoning
B2

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336-338 Alfred Street

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for your interest in 336-338 Alfred Street, Biddeford, ME 04005

336-338 Alfred Street
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