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512 Kennebec Street

Rumford, ME 04276
Baths
7
Square Ft.
4,368
Active
Multifamily
Property Photo
Property Photo
Property Photo
$400,000
Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (4) three-bedroom units and (3) two-bedroom units. The property includes one rent-ready vacancy and is currently producing a 9.6% cap rate, offering immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 17% cap rate potential. Recent capital improvements include a roof less than three years old, adding further stability for investors.
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
5
Last Updated
Full Baths
7
Square Ft.
4,368
Lot Size
0.14 Acres
Year Built
1922
MLS Number
1652664
Additional Details
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 4,368, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 7, Year Built: 1922
Cooling
Cooling: "None"
Expenses
Operating Expense: $38,647
Floors
Flooring: "Wood", "Vinyl", "Tile"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $77,100
Lot
Features: "Level", "Near Town", 0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "1 - 4 Spaces", "Common"
Property
Parcel Number: RUMF-000113-000000-000049, Zoning: Residential
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,686, Tax Lot: 49
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
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.