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318 Waldo Street

Rumford, ME 04276
Baths
7
Square Ft.
6,120
Active
Multifamily
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$420,000
Fully occupied 7-unit multifamily offering strong in-place cash flow and immediate returns. The property consists of six (6) 3-bedroom units and one (1) 1-bedroom unit, a unit mix that supports consistent rental demand and operational efficiency. The building is currently operating at a 13% cap rate, providing attractive income from day one. Lead abatement was also completed in 2025. This turnkey investment with strong fundamentals, proven performance, and minimal deferred maintenance will not last long!
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
5
Last Updated
Full Baths
7
Square Ft.
6,120
Lot Size
0.14 Acres
Year Built
1910
MLS Number
1652596
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Dirt Floor", "Exterior Only"
Building
Architectural Style: "Other", Building Area Total: 6,120, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 7, Year Built: 1910, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $37,822
Exterior Features
Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Floors
Flooring: "Wood", "Vinyl", "Carpet"
Foundation
Foundation Details: "Stone", "Concrete Perimeter"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $92,940
Lot
Features: "Level", "Sidewalks", "Intown", 0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "No Driveway", "1 - 4 Spaces", "Off Street"
Property
Parcel Number: RUMF-000113-000000-000235, Zoning: Res
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,424, Tax Lot: 235
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
Snapshot
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Fred Andrews
Designated Broker | CEO
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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.