Triplex with On-Site
For Sale
$849,000
94 Emery Street, Portland, ME 04102
MULTI_FAMILY - Other - Portland, ME
Property Size2,413 SF
Lot Size0.07 Acres
Price / SF$351.84
Days on Market20
Property Features for 94 Emery Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-4
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Off Street
Basement
Unfinished, Full, Walk-Out Access
Lot features
Open, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
2,413 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10087
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard, Steam, Natural Gas
Water source
Public
Amenities
on site laundry
Building Details
Year built
1866
Number of units
3
Flooring type
Wood, Vinyl, Carpet
Building materials
Wood Frame, Asbestos
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Real Estate Store
(207) 883-4327
Listed By:
Elizabeth Marks
(207) 332-6210
Added: Jul 17
Changed: Aug 5
Last Checked: Aug 5 at 10:06PM
MLS# 1660716
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.
Circa 1866 New Englander triplex featuring three one-bedroom units. The property includes on-site laundry and a spacious parking area with off-street, designated parking for all tenants. Unit systems have been updated, with improvements including heating, roof, and utilities split for each unit.
The building is situated on a quiet, tree-lined street in Portland’s West End. Public water and public sewer services are available. Heating includes natural gas, baseboard, steam, and electric (heating), and the roof is shingle.
With RN-4 zoning, this wood-frame property (with asbestos identified in the construction materials) supports both investor and owner-occupant use, including a first-floor unit that is vacant.
The building is situated on a quiet, tree-lined street in Portland’s West End. Public water and public sewer services are available. Heating includes natural gas, baseboard, steam, and electric (heating), and the roof is shingle.
With RN-4 zoning, this wood-frame property (with asbestos identified in the construction materials) supports both investor and owner-occupant use, including a first-floor unit that is vacant.
Key Highlights
- Three one‑bedroom units in a circa 1866 triplex
- On‑site laundry and off‑street designated parking for all tenants
- Updated with heating, roof improvements, and utilities split for each unit
Financial Insights For Multifamily LT 5
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 | $65.2k | $27.00 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $60.9k | $25.25 |
| − OpEx | −$18.3k | −$7.57 |
| NOI | $42.6k | $17.67 |
2,413 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.0K – $710.7K
NOI $42,641 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$566.7K
$495.9K – $661.2K
NOI $39,671 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three one-bedroom units, on-site laundry, and off-street parking on a 0.07-acre lot.
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 $849,000.
What are key features of this property?
This property features: Three one‑bedroom units in a circa 1866 triplex; On‑site laundry and off‑street designated parking for all tenants; Updated with heating, roof improvements, and utilities split for each unit
