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

18-22 Fortunes Rocks Rd, Biddeford, ME 04005

Three individual cottages offer two-bedroom layouts, marsh views, fireplaces, sunporches, and deeded beach access.

Property Size2,232 SF
Price / SF$940.86
Days on Market34

Property Features for 18-22 Fortunes Rocks Rd

General Information

Standard status Active
Size 2,232 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3
Parking per Unit 3

Amenities

fireplace
sunporch
beach access

Building Details

Year Built 1950
Buildings 3
Listing Agency:
Listed By: Pouliot Real Estate
Source: Pouliotrealestate
Added: Jul 27 Changed: Aug 28 Last Checked: Aug 28 at 8:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pouliot Real Estate

Investment Insights

Based on property information with market context.

This multifamily property comprises three individual year-round cottages at 18-22 Fortunes Rocks Rd. Each cottage includes 2 bedrooms, 1 bath, a living room with fireplace, kitchen, and enclosed sunporch. The kitchens face the marsh at the rear of the property, while each cottage includes 2-3 parking spots. Built in 1950, the combined property size is 2,232 square feet.

A deeded right of way provides access to Fortunes Rocks Beach, with the beach path located across the street. The cottages 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 individual year‑round cottages at 18‑22 Fortunes Rocks Rd
  • Combined property size of 2,232 square feet; built in 1950
  • Each cottage has 2 bedrooms, 1 bath, kitchen, living room, and fireplace

Property Analytics

Current Use

Multifamily properties

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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three individual cottages offer two-bedroom layouts, marsh views, fireplaces, sunporches, and deeded beach access.
Where is this multifamily property located?
The property is located at 18-22 Fortunes Rocks Rd 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 individual year‑round cottages at 18‑22 Fortunes Rocks Rd; Combined property size of 2,232 square feet; built in 1950; Each cottage has 2 bedrooms, 1 bath, kitchen, living room, and fireplace
More about this property
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