6 Various Addresses

Rumford, ME 04276
Baths
30
Square Ft.
31,818
$1,980,000
33-unit multifamily portfolio spanning six buildings in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, and 341 Waldo Street. The portfolio includes one 3-unit, one 5-unit, three 6-unit, and one 7-unit building, offering a diverse unit mix of 5 one-bedroom, 11 two-bedroom, 15 three-bedroom, and 2 four-bedroom apartments that serve a broad tenant base. Properties are situated within a federally designated Opportunity Zone. This offering provides immediate, turnkey cash flow with stable in-place income and long-term upside potential.
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
6
Last Updated
Full Baths
30
Square Ft.
31,818
Lot Size
1.19 Acres
Year Built
1920
MLS Number
1652574
Additional Details
Heating
Heating Included, Heating: "Forced Air", "Baseboard"
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 31,818, Construction Materials: "Vinyl Siding", "Asbestos", "Wood Frame", Number Of Units Total: 33, Year Built: 1920
Cooling
Cooling: "None"
Expenses
Operating Expense: $176,665
Floors
Flooring: "Wood", "Vinyl", "Tile"
Income
Gross Income: $348,300
Lot
Features: "Near Town", 1.19 acres, Area: 1.19, 51,836 square feet
Parking
Features: "21+ Spaces", "Paved"
Property
Parcel Number: RUMF-000113-000000-000203, Zoning: Residential
Roof
Roof: "Flat", "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,294, Tax Lot: Various
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Monthly Payment
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30 Days Snapshot Of 04276
$161k
+44%
(avg) sold price
5
+150%
homes sold
106
+60%
(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.