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8 Piersons Lane, Biddeford, ME, 04005

4beds
3baths
1,920sqft
$449,000
$234price/sqft
$3,174/moest. monthly cost
$126,960/yrincome needed

About This Home

This updated duplex offers a solid opportunity for both investors and owner-occupants. The townhouse-style units feature living space on the first floor with 2 bedrooms and a full bathroom upstairs. Major improvements completed in 2020 include a new roof, heat pumps, hot water heaters, flooring, and updated kitchens and bathrooms. Each unit has its own heat pump system, allowing tenants to pay their own heating costs. Located within walking distance of Biddeford's Mill District, you'll have easy access to restaurants, breweries, shops, and entertainment while enjoying the convenience of an in-town location.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

5/10
Biddeford High SchoolGrades 8-121.1 mi
--
Biddeford Primary SchoolGrades K-21.5 mi

Construction

Condition

  • Year built: 1873

Materials

  • Roof: Shingle
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Cape Cod
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2

Features

  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,920

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,920
  • Total interior livable area: 1,920 sqft

Property

Details

  • Parcel number: BIDDM41L126
  • Zoning: MSRD2

Lot

  • Lot size: 5,227 sqft
  • Features: City Lot,Near Shopping,Near Town,Near Railroad,Sidewalks

Parking

  • Total spaces: 3
  • Parking features: Paved,1 - 4 Spaces
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Hurricane
Inland Flooding
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across Maine Counties

Flood
Hurricane
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,270$27,240
Home Insurance $110$1,320
Property Taxes $515$6,180
Electricity $279$3,349
Total$3,174$38,088

Income You'd Need if You Spent...

35% on housing$108,822/yr
40% on housing$95,220/yr
45% on housing$84,640/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.7%
7.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 04005$398
York County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 04005$312
York County$295

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Listed for sale$449,000
2026-07-14Pending sale$449,000
2026-07-08Listed for sale$449,000

For Sale by Agent

BrokerageKeller Williams Realty

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