325 Cumberland Street

Rumford, ME 04276
Baths
6
Square Ft.
4,680
$300,000
Six-unit multifamily on Cumberland Street offering significant upside through filling vacancies. While the property is currently 50% vacant, all units are rent-ready and positioned for immediate occupancy. The property features separate electric and a functional layout that supports straightforward management. Once fully leased, the projected stabilized cap rate is over 18%, presenting a strong return profile for investors focused on cash flow and value creation. With units ready to be placed and clear income upside through stabilization, this asset offers a defined path to improved performance in a proven rental market. Financials available upon request.
Market LogoCourtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
2
Last Updated
Full Baths
6
Square Ft.
4,680
Lot Size
0.14 Acres
Year Built
1925
MLS Number
1653046
Additional Details
Property
Zoning: Unk, Parcel Number: RUMF-000113-000000-000255
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 4,680, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 6, Year Built: 1925
Cooling
Cooling: "None"
Expenses
Operating Expense: $28,154
Floors
Flooring: "Vinyl", "Tile"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $37,200
Lot
Features: "Level", "Sidewalks", "Intown", 0.14 acres, Area: 0.14, 6,098 square feet
Parking
Features: "1 - 4 Spaces", "Concrete"
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $2,611, Tax Lot: 255
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
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.