Five-Unit Multifamily with Third-Floor
7 Emmons Place Biddeford, ME 04005
New
For Sale
$860,000
MULTI_FAMILY - Other - Biddeford, ME
Property Size3,180 SF
Lot Size0.19 Acres
Price / SF$270.44
Days on Market3
Property Features for 7 Emmons Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bathroom 3
Basement
Unfinished
Standard status
Active
Size
3,180 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7982
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Number of units
5
Flooring type
Wood, Laminate, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Signature Homes Real Estate Group, LLC
(207) 885-0500
Listed By:
Derek Goff Joseph Tomazin
(207) 749-9905
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 3:06AM
MLS# 1673817
Copyright © 2026 Maine Listings. 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 fully occupied five-unit multifamily property consists of four 1-bedroom, 1-bath apartments and one spacious 2-bedroom, 1-bath apartment occupying the entire third floor. The building includes a mix of updated and unrenovated units, offering a combination of current condition and opportunities as units turn over. Tenant-paid electricity is in place, while heat and hot water are included. The property also features off-street parking, expansive rear decks, and established raised garden beds.
Situated in a residential setting with zoning listed as R2, the property is directly across from Hannaford, providing convenient access to groceries and everyday essentials. Downtown Biddeford’s restaurants, breweries, shops, parks, and growing business district are described as minutes away, along with major commuter routes.
The offering totals approximately 3,180 square feet of building area on a 0.19-acre lot. All units are currently occupied, supporting immediate rental income.
Situated in a residential setting with zoning listed as R2, the property is directly across from Hannaford, providing convenient access to groceries and everyday essentials. Downtown Biddeford’s restaurants, breweries, shops, parks, and growing business district are described as minutes away, along with major commuter routes.
The offering totals approximately 3,180 square feet of building area on a 0.19-acre lot. All units are currently occupied, supporting immediate rental income.
Key Highlights
- Fully occupied five‑unit multifamily in Biddeford: four 1BR, 1BA units plus one 2BR, 1BA unit on the third floor
- Tenants pay their own electricity; heat and hot water are included
- Off‑street parking plus expansive rear decks and established raised garden beds
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.3k | $29.64 |
| − Vacancy | −$4.9k | −$1.54 |
| EGI | $89.4k | $28.10 |
| − OpEx | −$40.2k | −$12.64 |
| NOI | $49.1k | $15.45 |
3,180 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$702.1K
$614.3K – $819.1K
NOI $49,145 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$882.0K – $1.18M
NOI $70,563 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five-unit building with four 1-bedroom units and one third-floor 2-bedroom apartment, plus off-street parking.
Where is this apartment building located?
The property is located at 7 Emmons Place Biddeford, ME.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Fully occupied five‑unit multifamily in Biddeford: four 1BR, 1BA units plus one 2BR, 1BA unit on the third floor; Tenants pay their own electricity; heat and hot water are included; Off‑street parking plus expansive rear decks and established raised garden beds
