2 Main Street UNIT 15-407, Biddeford, ME, 04005 | 5.93% Rental Yield

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2 Main Street UNIT 15-407, Biddeford, ME, 04005 | 5.93% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Biddeford at 2 Main Street UNIT 15-407, Biddeford, ME, 04005 listed at $515,000 pairs $2,544/mo rent with a $2,521/mo payment. Total monthly income runs $2,544/mo. Return on cash invested measures 12.96% in year one, and rental yield registers 5.93% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 66.48% and total cumulative return in cash totals $112,633. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,544/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1848

0.51 Acres lot

$N/A/sqft

$296 monthly HOA

More details about the property

Imagine living vibrantly and connected in the heart of revitalized Biddeford, Maine. Enthusiasm is palpable for the chance to own a home within the Pepperell Mill community, where a dynamic blend of businesses, artists and residents co-exist harmoniously. Once an essential mill town powered by the Saco River, Biddeford has transformed into a creative hub, offering an ideal environment for individuals who want to be part of this exciting and growing tight knit community. This two bedroom, two bathroom condo is truly a standout. The condo exudes historic charm with its high ceilings, brick walls, wooden beams, original wood floors, and over sized windows. Modern conveniences include an upgraded kitchen with stainless steel appliances, heat pumps for efficient heating and cooling, and an in-unit washer/dryer hookup. The popular layout features a large living room with a hallway leading to two bedrooms, with the primary bedroom offering an en-suite bathroom and a walk-in closet with a washer/dryer hookup. The generous bedroom sizes easily accommodate king-sized beds and your personal decorating flair. East-facing windows flood the brick-accented living room with afternoon light, creating a delightful, sunlit atmosphere. Situated on the scenic Saco River, this 17-acre property is conveniently located just a 20-minute drive from Portland, and a short distance to the Saco Transportation Center, which provides daily train service to Boston. Amenities include a parking space, solar energy, a dog park, dog wash, grilling areas, bike storage and EV charging. Enjoy the charm of small-town living paired with the vibrancy of a community brimming with talent. Biddeford is home to award-winning local businesses, restaurants, coffee shops, and bagel shops gaining recognition throughout the Northeast. Additional units are available to find your perfect place in this thriving community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,793 (100%)
Owner Occupied HU	5,606 (47.5%)
Renter Occupied HU	5,202 (44.1%)
Vacant Housing Units	985 ( 8.4%)
Median Home Value	$455,712
Average Home Value	$523,001

Housing Distribution

Address Breakdown

Residential

11,059

Single Family

10,077

Multi-Family

982

Businesses

987

Price History

Date	Event	Price
2025-03-23	Listed for sale	$515,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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2 Bed
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1 Saco Island Terrace UNIT 105, Saco, ME, 04072

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108 Granite Street UNIT 10, Biddeford, ME, 04005

2 Bed
2 Bath
1130 sft

4 Kason Lane UNIT 102, Biddeford, ME, 04005

2 Bed
1 Bath
1032 sft

12 Main Street, Springvale, ME, 04083

Nearby investment properties with comparable prices

3 Bed
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1692 sft

29 Pine Street, Rollinsford, NH, 03869

3 Bed
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2210 sft

723 Hansons Ridge Road, Sanford, ME, 04073

4 Bed
2 Bath
1968 sft

58 Bayview Terrace, Wells, ME, 04090

4 Bed
2 Bath
1596 sft

4 Jewett Avenue, South Berwick, ME, 03908

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1848
Architectural Style: N/A
Building Area: 1,097
Living Area: 1,097 sqft
Property Condition: N/A

Features & Amenities

Heating: Heat Pump
Cooling: Heat Pump
Flooring: N/A
Interior Features: Walk-In Closet(s), 1st Floor Primary Bedroom w/Bath, One-Floor Living, Other, Shower, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Electric Vehicle Charging Station(s)

Location

City: Biddeford
State: ME
Subdivision: Carding House
Lot Size: 0.51 Acres
Lot Features: Level, Sidewalks, Landscaped, Historic District, City Lot, Near Public Beach, Near Shopping, Near Town, Near Public Transit, Near Railroad
View: Scenic

HOA & Fees

HOA Fee: $296 monthly
Association Fee: $296 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Portside Real Estate Group

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1616902

Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

2 Main Street UNIT 15-407,Biddeford,ME,04005

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

2 Main Street UNIT 15-407BiddefordME04005