7 Emmons Place

Five-Unit Multifamily Investment in Biddeford

7 Emmons Place presents an exceptional opportunity to acquire a fully occupied five-unit multifamily property in one of Southern Maine's most active rental markets. The building offers immediate rental income, a flexible unit mix, and meaningful potential for future improvements and increased returns.

The property includes four 1 bedroom, 1 bathroom apartments and one spacious 2 bedroom, 1 bathroom apartment occupying the entire third floor. This combination provides a range of apartment sizes while maintaining a practical residential layout within one investment property.

All five units are currently occupied, providing established income from the start of ownership. Current rents are below market, creating potential upside as units turn over and rental rates are evaluated over time in accordance with applicable leases and Maine law.

The apartments include a combination of updated and unrenovated interiors. This allows a future owner to benefit from existing occupancy while identifying opportunities for improvements, updates, and long-term value enhancement as individual units become available.

Tenants pay their own electricity, while heat and hot water are included. Additional features include off-street parking, expansive rear decks, and established raised garden beds that provide residents with useful outdoor space.

Located in an established residential neighborhood just minutes from Downtown Biddeford, the property is also positioned across the street from Hannaford, providing convenient access to groceries and everyday essentials. Restaurants, breweries, shops, parks, services, and major commuter routes are all within easy reach.

Immediate Income with Long-Term Potential

With five occupied apartments, below-market rental upside, a mix of updated and unrenovated units, and a convenient Biddeford location, 7 Emmons Place offers both current income and flexibility for future investment planning.

A Flexible Five-Unit Configuration

The property offers four 1-bedroom, 1-bathroom apartments and one 2-bedroom, 1-bathroom apartment. The consistent one-bedroom layouts provide practical rental options, while the larger third-floor unit adds variety to the property's overall apartment mix.

The 2-bedroom apartment occupies the entire third floor, creating a more spacious residential layout with added separation from the units below.

Together, the five apartments create multiple income streams within one property and allow future ownership to evaluate each unit independently as opportunities arise.

Fully Occupied with Immediate Income

All five apartments are currently occupied, allowing a buyer to acquire an established rental property with income already in place.

The current occupancy provides continuity at the time of purchase while allowing future ownership to develop a long-term management strategy based on lease terms, unit condition, operating expenses, and investment objectives.

Prospective buyers should independently review all leases, rental agreements, deposits, payment histories, notices, and occupancy information as part of their due diligence.

Below-Market Rental Upside

Current rents are below market, creating potential for future income growth as apartments turn over and rental rates are reviewed.

The property's combination of immediate occupancy and future rental upside allows an investor to benefit from current revenue while evaluating opportunities to strengthen performance over time.

Any future rental changes remain subject to existing agreements, required notices, property condition, market conditions, and all applicable federal, state, and local laws.

A Mix of Existing Updates and Future Possibilities

The building includes both updated and unrenovated apartments. This provides a combination of existing improvements and opportunities for future ownership to make additional updates as units become available.

Rather than requiring all units to be addressed immediately, the current occupancy allows an investor to evaluate improvements individually and plan work according to turnover, budget, and long-term priorities.

Potential improvements and projected returns should be independently evaluated based on unit condition, construction costs, rental demand, and applicable permitting requirements.

Utility Structure

Tenants are responsible for their own electricity, while heat and hot water are included with the apartments.

This structure separates individual electrical usage while maintaining landlord responsibility for the building's heating and hot water costs.

Prospective buyers should independently review utility bills, service arrangements, heating systems, electrical metering, and operating expenses when evaluating the property's financial performance.

Outdoor Space for Residents

Expansive rear decks provide residents with outdoor space directly connected to the building. These areas offer room to sit outside, enjoy fresh air, and extend daily living beyond the apartments.

Established raised garden beds create additional outdoor appeal and offer space for flowers, herbs, vegetables, or seasonal planting.

Off-street parking adds an important everyday convenience and supports the practical operation of the five-unit property.

An Investment with Multiple Paths Forward

An Established Residential Setting

7 Emmons Place is located within an established residential neighborhood, providing a setting that feels connected to the surrounding community while remaining convenient to Downtown Biddeford.

The property's neighborhood location, off-street parking, outdoor areas, and access to everyday services support practical daily living for residents.

Its position across from Hannaford is an additional convenience, allowing tenants to reach groceries and household essentials without traveling far from home.

Close to Downtown Biddeford

The property is located just minutes from Downtown Biddeford's expanding collection of restaurants, breweries, coffee shops, independent retailers, professional services, and community destinations.

Biddeford's historic downtown and mill district continue to attract new businesses, residents, and investment while maintaining convenient access to established neighborhoods and everyday amenities.

Major commuter routes connect the property with Saco, Portland, surrounding employment centers, coastal communities, and destinations throughout Southern Maine.

Nearby Amenities and Destinations

Evaluating the Investment

Prospective buyers should independently review all leases, rental agreements, occupancy information, rental amounts, security deposits, payment histories, utility responsibilities, operating expenses, maintenance records, and other financial documents associated with the property.

Buyers should also verify permitted uses, legal unit count, occupancy requirements, parking, fire and life safety requirements, building code compliance, and any proposed changes with the City of Biddeford and other applicable authorities.

All measurements, property details, financial information, rental upside, and future investment opportunities should be independently verified by the buyer as part of their due diligence.