Triplex with On-Site
New
For Sale
$799,000
94 Emery Street, Portland, ME 04102
Multi-Family, Portland, ME
Property Size2,413 SF
Lot Size0.07 Acres
Price / SF$331.12
Days on Market6
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
Bathroom 2, Basement, Bathroom 3, Bathroom 1
Parking features
Off Street
Interior features
1st Floor Bedroom
Basement
Walk-Out Access, Full, Unfinished
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
2025
Tax Annual Amount
10087
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Baseboard, Steam
Water source
Public
Amenities
on-site laundry
off-street parking
Building Details
Year built
1866
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Carpet, Wood
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: Oct 1
Last Checked: Oct 6 at 1:06PM
MLS# 1682679
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.
Built in 1866, this 2,413-square-foot triplex contains three one-bedroom units on a 0.07-acre parcel. The building has on-site laundry and off-street parking designated for tenants. Improvements include the heating system, roof, and utility separation for each unit. RN-4 zoning is in place.
The property is on Emery Street in Portland’s West End, on a tree-lined street near shops, dining, and local amenities. Public water and sewer serve the property.
The property is on Emery Street in Portland’s West End, on a tree-lined street near shops, dining, and local amenities. Public water and sewer serve the property.
Key Highlights
- Three one‑bedroom units in a 2,413‑square‑foot building
- 0.07‑acre parcel with RN‑4 zoning
- Built in 1866; roof and heating system have been improved
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom units share a building with tenant laundry and off-street parking.
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 building; 0.07‑acre parcel with RN‑4 zoning; Built in 1866; roof and heating system have been improved
