3-Unit Historic
For Sale
$799,000
94 Emery Street, Portland, ME 04102
Three one-bedroom apartments share on-site laundry and designated off-street parking for residents.
Property Size2,413 SF
Price / SF$331.12
Days on Market24
Property Features for 94 Emery Street
General Information
Standard status
Active
Size
2,413 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
on-site laundry
off-street parking
Building Details
Year Built
1866
Construction
New Englander
Listing Agency:
The Real Estate Store
Listed By:
Elizabeth Marks
(207) 332-6210
Source:
Fobaileyrealestate
Added: Sep 22
Changed: Oct 10
Last Checked: Oct 14 at 11:04PM
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 The Real Estate Store
Investment Insights
Based on property information with market context.
Built in 1866, this Portland triplex contains three one-bedroom apartments across 2,413 square feet. Improvements include updated heating and roofing, with utilities separately configured for each unit. On-site laundry and off-street parking designated for all three residents add practical building amenities.
The property is in Portland’s West End, on Emery Street, with shops, restaurants, and other local services nearby. The setting supports access to everyday neighborhood destinations on foot.
The property is in Portland’s West End, on Emery Street, with shops, restaurants, and other local services nearby. The setting supports access to everyday neighborhood destinations on foot.
Key Highlights
- Three one‑bedroom units in a 2,413‑square‑foot triplex
- Built in 1866
- Heating and roof have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,641
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,820
$852.8K
Cap Rate 7%
$609,157
$609.2K
Cap Rate 9%
$473,789
$473.8K
Market Conditions
NOI Build-Up for 2,413 SF
Gross rent
$65.2K $27.00/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$60.9K $25.25/SF
− OpEx
−$18.3K −$7.57/SF
NOI
$42.6K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,820
Cap Rate 7%
$609,157
Cap Rate 9%
$473,789
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.0K – $710.7K
NOI $42,641 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$566.7K
$495.9K – $661.2K
NOI $39,671 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments share on-site laundry and designated off-street parking for residents.
Where is this triplex located?
The property is located at 94 Emery Street Portland, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three one‑bedroom units in a 2,413‑square‑foot triplex; Built in 1866; Heating and roof have been updated
