325 Cumberland ST, Rumford, ME 04276
325 Cumberland ST, Rumford, ME 04276
325 Cumberland ST, Rumford, ME 04276
325 Cumberland ST, Rumford, ME 04276
325 Cumberland ST, Rumford, ME 04276
325 Cumberland ST, Rumford, ME 04276
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Listed by Elevate Maine Realty
$ 300,000

6 Baths

4,680 SqFt


Save
$ 300,000
Save

6 Baths

4,680 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 4,680 sqft

MLS Listing ID 1653046

Style Other

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 4,680

Year Built 1925

Annual Tax Amount $2,611

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Source Maine Listings

Land Area 4680

Property Description

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.

Location

State ME

County Oxford

Zoning Unk

Rooms

Basement Interior, Full, Unfinished

Interior

Heating Baseboard

Cooling None

Flooring Vinyl, Tile

Exterior

Parking Features 1 - 4 Spaces, Concrete

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Level, Sidewalks, Intown

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Unknown

Energy Description Oil, Electric

Maine MLS (MREIS) IDX

Nearby Locations

Brandon Howland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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325 Cumberland ST