154 Essex Avenue

Rumford, ME 04276
Baths
4
Square Ft.
3,564
$225,000
Fully occupied 4-unit multifamily offering spacious layouts and exceptional in-place returns. The property features three large three-bedroom units and one one-bedroom unit, providing a highly desirable unit mix with broad tenant appeal. Currently producing a 13% cap rate, the asset delivers immediate, stable cash flow with additional upside potential through future rent growth and operational efficiencies. A rare opportunity to acquire a high-yield, fully occupied property with strong long-term investment fundamentals.
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
9
Last Updated
Full Baths
4
Square Ft.
3,564
Lot Size
0.12 Acres
Year Built
1923
MLS Number
1652668
Additional Details
Basement
Basement: "Interior", "Walk-Out Access", "Full", "Sump Pump"
Building
Architectural Style: "Dutch Colonial", Building Area Total: 3,564, Construction Materials: "Asbestos", "Wood Frame", Number Of Units Total: 4, Year Built: 1923
Cooling
Cooling: "None"
Expenses
Operating Expense: $24,513
Floors
Flooring: "Wood", "Vinyl", "Tile"
Garage
Garage Included, 2 garage spaces
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $54,300
Lot
Features: "Level", "Sidewalks", "Near Town", 0.12 acres, Area: 0.12, 5,227 square feet
Parking
Features: "5 - 10 Spaces", "Paved"
Property
Parcel Number: RUMF-000112-000000-000139, Zoning: Residential
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,585, Tax Lot: 139
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
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30 Days Snapshot Of 04276
$181k
+62%
(avg) sold price
6
+200%
homes sold
91
+37%
(avg) days on market
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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.