325 Cumberland Street, Rumford, ME 04276
Local realty services provided by:CENTURY 21 Barbara Patterson
325 Cumberland Street,Rumford, ME 04276
$300,000
- - Beds
- 6 Baths
- 4,680 sq. ft.
- Multi-family
- Active
Office: elevate maine realty
MLS#:1653046
Source:ME_MREIS
Price summary
- Price:$300,000
- Price per sq. ft.:$64.1
About this home
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.
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Home facts
- Year built:1925
- Listing ID #:1653046
- Updated:July 30, 2026 at 10:29 AM
Rooms and interior
- Total bathrooms:6
- Full bathrooms:6
- Flooring:Tile, Vinyl
- Basement Description:Full, Interior Entry, Unfinished
- Living area:4,680 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Heating, Oil
Structure and exterior
- Roof:Flat
- Year built:1925
- Building area:4,680 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Intown, Level, Sidewalks
- Construction Materials:Vinyl Siding, Wood Frame
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$300,000
- Price per sq. ft.:$64.1
- Tax amount:$2,611 (2025)
Parking
- Parking description:1 - 4 Spaces, Concrete
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