27-Unit Rockland Multifamily Portfolio
27-Unit Rockland Multifamily Portfolio
Marketing description
This Rockland Portfolio presents a rare opportunity to acquire 27 multifamily units across three well-located properties in one of Midcoast Maine's most desirable and supply-constrained rental markets. Consisting of 85 Union Street (11 units), 100 Union Street (8 units), and 34-36 Pleasant Street (8 units), the portfolio offers immediate scale within a highly concentrated geographic area just minutes from downtown Rockland's waterfront, restaurants, retail destinations, healthcare facilities, and major employment centers.
The portfolio features a strong mix of renovated one-bedroom and two-bedroom apartments with stable occupancy and attractive in-place cash flow. Significant capital improvements and unit renovations have positioned the properties for continued performance while also providing investors with the opportunity to unlock additional value through strategic rent growth.
With all three assets located in close proximity to one another, investors can benefit from operational efficiencies, streamlined management, and reduced maintenance costs. The Rockland market continues to demonstrate strong rental demand, limited housing inventory, and favorable long-term fundamentals, making this an attractive opportunity for both local and institutional investors seeking scale in a growing coastal community.
Whether acquired as a portfolio or evaluated as individual assets, these properties represent a compelling opportunity to invest in a well-maintained multifamily portfolio with immediate income, future upside, and a premier location in the heart of Midcoast Maine.
Investment highlights
• 27-unit multifamily portfolio consisting of three properties located in downtown Rockland, Maine
• Portfolio includes:
- 85 Union Street – 11 units (7 one-bedroom, 4 two-bedroom)
- 100 Union Street – 8 units (7 one-bedroom, 1 two-bedroom)
- 34-36 Pleasant Street – 8 units
• Immediate scale in a highly concentrated geographic area, with all three properties located within close proximity to one another
• Well-maintained portfolio featuring renovated apartment units and numerous capital improvements
• Strong in-place cash flow with additional upside through strategic rent increases and continued operational optimization
• Attractive unit mix consisting primarily of one-bedroom apartments with additional two-bedroom units to diversify tenant demand
• Located within walking distance of downtown Rockland's waterfront, restaurants, retail destinations, arts district, healthcare facilities, and major employers
• Strong rental market fundamentals supported by limited housing inventory and consistent tenant demand throughout Midcoast Maine
• Opportunity to achieve operational efficiencies through centralized management, maintenance, and leasing across all three assets
• Supply-constrained coastal market with high barriers to entry for new multifamily development
• Stable occupancy history with renovated units that continue to attract quality tenants
• Municipal water and sewer service
• Attractive investment for both local and out-of-state investors seeking scale in a growing Midcoast Maine market
• Ability to acquire properties individually or as a 27-unit portfolio, providing flexibility for a variety of investment strategies
• Centrally located between Portland, Augusta, and Bar Harbor, serving as a commercial, healthcare, and cultural hub for the Midcoast region
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