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48 Essex Avenue

Rumford, ME 04276
Baths
5
Square Ft.
3,348
Active
Multifamily
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Property Photo
Property Photo
Property Photo
Property Photo
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$300,000
Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
5
Last Updated
Full Baths
5
Square Ft.
3,348
Lot Size
0.15 Acres
Year Built
1923
MLS Number
1652592
Additional Details
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 3,348, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 5, Year Built: 1923
Cooling
Cooling: "None"
Expenses
Operating Expense: $27,753
Floors
Flooring: "Wood", "Vinyl", "Tile"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $59,340
Lot
Features: "Level", "Near Town", 0.15 acres, Area: 0.15, 6,534 square feet
Parking
Features: "1 - 4 Spaces", "Common"
Property
Parcel Number: RUMF-000113-000000-000322, Zoning: Res
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,131, Tax Lot: 322
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
Monthly Payment
$0
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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Schools In The Area

Source: Home Junction
Check out nearby schools with ratings and contact info.
Rumford Elementary School 207-364-8155 Public PK-5
Mountain Valley Middle School 207-364-7926 Public 5-8
Mountain Valley High School 207-364-4547 Public 9-12
Rumford Elementary School 207-364-8155 Public PK-5
Rumford Elementary School 207-364-8155 Public PK-5
Mountain Valley Middle School 207-364-7926 Public 5-8
Mountain Valley Middle School 207-364-7926 Public 5-8
Mountain Valley High School 207-364-4547 Public 9-12

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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.