421 Cumberland Street

Rumford, ME 04276
Baths
6
Square Ft.
3,948
$360,000
Income-producing 6-unit multifamily featuring six (6) 2-bedroom apartments with no vacancies. The consistent unit layout supports strong tenant demand and reliable rent performance. This property is currently operating at an 11.3% cap rate, offering solid cash flow and a stabilized income stream from day one. With all units occupied, this asset is well positioned for investors seeking immediate returns without lease-up risk. A strong fit for buyers looking to add a proven, cash-flowing property to their portfolio or expand existing holdings with a low-friction multifamily investment.
Market LogoCourtesy of Elevate Maine Realty 207-203-9022
Listing Snapshot
Days Online
58
Last Updated
Full Baths
6
Square Ft.
3,948
Lot Size
0.09 Acres
Year Built
1925
MLS Number
1652559
Additional Details
Basement
Basement: "Interior", "Walk-Out Access", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 3,948, Construction Materials: "Asbestos", "Wood Frame", Number Of Units Total: 6, Year Built: 1925, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $31,434
Floors
Flooring: "Wood", "Vinyl", "Other", "Laminate"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $72,000
Lot
Features: "Level", "Sidewalks", "Intown", 0.09 acres, Area: 0.09, 3,920 square feet
Parking
Features: "1 - 4 Spaces", "Paved", "Common"
Property
Parcel Number: RUMF-000113-000000-000263, Zoning: Res
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $1,916, Tax Lot: 263
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
Monthly Payment
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30 Days Snapshot Of 04276
$198k
-17%
(avg) sold price
11
+83%
homes sold
86
+10%
(avg) days on market
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Fred Andrews
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.