56 Prospect Street

Closed 10/30/18
Closed 10/30/18
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1st Floor
2nd floor
2 bedroom above garage
Photo
Sold
Last Sold Price
$365,000
4,510 sqft
56 Prospect St, Biddeford, ME 04005
Multi FamilyProperty Type
0.14 acresLot Size
1870Year Built
$81/sq ftPrice per sq ft
2 carsParking Spaces

Description

Investors take notice of this fully occupied income producing 4 unit property or occupy one unit and live for free. Spacious 4510 sq. ft of living area, Convenient in-town location, 2-3 bedroom units, 1-2 bedroom unit, 1-1 bedroom unit. Property is located on a corner lot, two driveways, 2 car garage, plenty of off street parking, full attic space that could be finished for additional living space. 1st floor was owners unit and has been updated.Investors take notice of this fully occupied income producing 4 unit property or occupy one unit and live for free. Spacious 4510 sq. ft of living area, Convenient in-town location, 2-3 bedroom units, 1-2 bedroom unit, 1-1 bedroom unit. Property is located on a corner lot, two driveways, 2 car garage, plenty of off street parking, full attic space that could be finished for additional living space. 1st floor was owners unit and has been updated.
  • Listed by: Deja Lett 207.415.8204 Deja@TopHomesGroup.com • Keller Williams Realty
Listing closed: 10/30/2018 12:00 AM • Source: Maine Listings, MLS#: 1372109

Recent comparable sales

Median sold price

$739,000

Avg days on market

77

Sale-to-list ratio

91.6%

Biddeford, ME

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Principal and Interest

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Property Taxes

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Property Information for 56 Prospect Street

Property Details
  • Taxes: $4,901 / year
  • MLS Type: Multi-Family
  • County: York County
  • Architectural Style: Other, Colonial
  • Style: Colonial, Other
  • Has Waterfront: No
  • Zoning: R-2
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1870
  • Lot Size: 0.14 AC / 6,098 SF
Summary
Location and General Information
  • Water View: No
  • Location: Intown
  • Page: 147-149
  • Directions: Alfred Street to Myrtle. Property is on the corner of Prospect and Myrtle
  • Latitude: 43.487996
  • Longitude: -$70.46
  • Transportation: Public Transport Access
Taxes and HOA
  • Association: No
  • Tax Lot: 222
  • Tax Book Number: 16666
  • Tax Map Number: 34
  • Tax Year: 2018
  • Tax Annual Amount: $4,901.00
Parking
  • Parking Features: 1 - 4 Spaces, Paved, Inside Entrance
  • Parking: 1 - 4 Spaces
  • Vehicle Storage: 2 Car, Attached, Direct Entry to Living
  • Has Attached Garage: Yes
  • Garage Spaces: 2.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Corner Lot, Sidewalks, Intown, Near Public Transit
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6098.4
  • Lot Size Units: Acres
  • 2 Detached Houses on 1 Lot: false
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • Road Frontage: false
  • SqFt Source: Public Records
  • Site: Corner Lot, Sidewalks
Property and Assessments
  • Above Grade Finished Area: 4510.0
  • Building Area Total: 4510.0
  • Property Type: Multi-Family
  • Deed/Conveyance Type Offered: Warranty
  • Construction: Wood Frame
  • Year Built: 1870
Building Features
  • Foundation Details: Stone
  • Foundation Materials: Stone
  • Construction Materials: Shingle Siding, Asbestos, Wood Frame
  • Color: Yellow
  • Stories: 2
Financial Information
  • List Price/SqFt: $80.93
Utilities
  • Heat Fuel: Oil
  • # Heating Units: 1
  • # Water Heaters: 3
  • Electric: Fuses, Circuit Breakers
  • Gas: No Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Off Heating System, Tank
  • Utilities On: No
Interior and Exterior Features
Exterior Features
  • Exterior: Asbestos, Shingle Siding
  • Roof: Shingle
  • Driveway: Paved
Interior Features
  • Amenities: 1st Floor Bedroom, Attic, Laundry - Hookup, Pantry
  • Bathrooms Full: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4
  • Laundry Features: Washer Hookup
  • Basement: Interior, Unfinished
  • Basement: Unfinished
  • Has Fireplace: No
  • Patio And Porch Features: Porch, Screened
  • Has Cooling: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Interior Features: 1st Floor Bedroom, Attic, Pantry
Room Information
Laundry
  • Laundry Room Amenities: Washer Hookup
Multi Family
Multi Family Information
  • # of 1 BD Units: 1
  • # of 2 BD Units: 1
  • # of 3 BD Units: 2
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $43,800.00
  • Operating Expense: $13,674.00
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 56 Prospect Street

DateEvent & SourcePriceAppreciation
Oct 30, 2018

Sold

Maine Listings #1372109

$365,000—
Oct 5, 2018

Pending

Maine Listings #1372109

—
Oct 1, 2018

Listed (Active)

Maine Listings #1372109

$339,000—
DateEvent & SourcePrice
10/30/2018

Sold

Maine Listings #1372109

$365,000
10/05/2018

Pending

Maine Listings #1372109

—
10/01/2018

Listed (Active)

Maine Listings #1372109

$339,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 56 Prospect Street

Taxable ValueLand$193,800Additions$319,300Total$513,100
Tax Record2025$7,666 ($639 / month)
Home Facts
Baths4Total Finished SqFt4,510 SqFtAbove Grade Finished SqFt4,510 SqFtUnfinished Basement SqFt1,504 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1870Year Renovated1870ZoningR2CountyYORKAPNBIDD M:34 L:222

Schools near 56 Prospect Street

This home is within Biddeford Public Schools.
Rating
School
Type
Grades
Distance
Biddeford Primary School
Public - K to 2
Biddeford Intermediate School
Public - 3 to 4
Biddeford Middle School
Public - 5 to 7
Biddeford High School
Public - 8 to 12
Rating
School
Distance
Biddeford Primary School
PublicK to 2

Biddeford Intermediate School
Public3 to 4

Biddeford Middle School
Public5 to 7

Biddeford High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 56 Prospect Street, Biddeford, ME 04005
$365,000
–
4,510
6,098
50 Prospect Street, Unit 52, Biddeford, ME 04005
–
–
2
2,584
6,098
44 Prospect Street, Biddeford, ME 04005
$399,000
–
4,776
5,227
49 Prospect Street, Biddeford, ME 04005
$340,000
–
3
2,710
4,792
9 Myrtle Street, Biddeford, ME 04005
$105,000
3
1,059
7,405
57 Prospect Street, Biddeford, ME 04005
$425,000
–
4,428
3,920

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.