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Three-Cottage Multifamily Property
For Sale
$2,100,000

18-22 Fortunes Rocks Road, Biddeford, ME 04005

Biddeford, ME

Property Size2,232 SF
Price / SF$940.86
Days on Market32

Property Features for 18-22 Fortunes Rocks Road

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bathrooms 3
Full bathrooms 3
Standard status Active
Size 2,232 SF

Amenities

fireplace
enclosed sunporch

Building Details

Year built 1950
Listing Agency: Wells, Maine · Better Homes and Gardens Real Estate
Listed By: Paula Standley
Added: Jul 26 Changed: Aug 6 Last Checked: Aug 26 at 11:06AM
MLS# 1673011

Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property consists of three year-round cottages at 18-22 Fortunes Rocks Road, totaling 2,232 square feet. Built in 1950, each cottage includes two bedrooms, one bathroom, a living room with fireplace, a kitchen, and an enclosed sunporch. The kitchens overlook the marsh, while the sunporches provide additional indoor space facing the surrounding landscape.

A deeded right of way provides access to Fortunes Rocks Beach, with the beach path located across the street. Each cottage has two to three parking spaces. The properties are currently occupied by long-term tenants on a month-to-month basis, with no leases in place. The University of New England is less than 2 miles away.

Key Highlights

  • Three year‑round cottages totaling 2,232 square feet
  • Each cottage includes 2 bedrooms, 1 bath, fireplace, kitchen, and enclosed sunporch
  • Deeded right of way to Fortunes Rocks Beach

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Plumbing Service Kitchen & Bath Showroom Skin Care Clinic Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 04005, ME

24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three cottages include deeded beach access, marsh views, and current month-to-month occupancy.
Where is this multifamily property located?
The property is located at 18-22 Fortunes Rocks Road Biddeford, ME.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three year‑round cottages totaling 2,232 square feet; Each cottage includes 2 bedrooms, 1 bath, fireplace, kitchen, and enclosed sunporch; Deeded right of way to Fortunes Rocks Beach
More about this property
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