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Listed by Derek Goff Joseph Tomazin Signature Homes Real Estate Group, LLC
$860,000
Est. payment /mo
5 Baths
3,180 SqFt
New
7 Emmons PL Biddeford, ME 04005
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,180 sqft
Price per Sqft $270
MLS Listing ID 1673817
Full Baths 5
HOA Y/N No
Year Built 1880
Tax Year 2026
Lot Size 8,276 Sqft
Acres 0.19
Source Maine Listings
Land Area 3180
Property Description
Exceptional opportunity to acquire a fully occupied five-unit multifamily property in an established residential neighborhood in Biddeford. The property features four 1-bedroom, 1 bathroom apartments and one spacious 2 bedroom, 1 bathroom apartment occupying the entire third floor. All units are currently occupied, providing immediate rental income with below-market rental upside for future ownership.
The building offers a mix of updated and unrenovated units, creating opportunities for future improvements as apartments turn over. Tenants pay their own electricity, while heat and hot water are included. Off-street parking, expansive rear decks, and established raised garden beds add practical and appealing resident amenities.
Located directly across from Hannaford, the property provides convenient access to groceries and everyday essentials. Downtown Biddeford's restaurants, breweries, shops, parks, and growing business district are also just minutes away, along with major commuter routes.
Whether expanding an existing portfolio or purchasing a first multifamily investment, this property offers established occupancy, immediate income, and the opportunity to increase returns over time as units turn over and rents are brought closer to market.
The building offers a mix of updated and unrenovated units, creating opportunities for future improvements as apartments turn over. Tenants pay their own electricity, while heat and hot water are included. Off-street parking, expansive rear decks, and established raised garden beds add practical and appealing resident amenities.
Located directly across from Hannaford, the property provides convenient access to groceries and everyday essentials. Downtown Biddeford's restaurants, breweries, shops, parks, and growing business district are also just minutes away, along with major commuter routes.
Whether expanding an existing portfolio or purchasing a first multifamily investment, this property offers established occupancy, immediate income, and the opportunity to increase returns over time as units turn over and rents are brought closer to market.
Location
State ME
County York
Zoning R2
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Oil, Baseboard, Hot Water
Cooling None
Flooring Carpet, Laminate, Vinyl, Wood
Exterior
Parking Features Paved, 5 - 10 Spaces
Roof Type Shingle
Garage No
Building
Lot Description Near Shopping, Near Town, Level
Water Public
Architectural Style New Englander
Others
Tax ID BIDD-000034-000000-000200
NEARBY SCHOOL & BUSINESS
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