419-425 Cumberland Street, Rumford, ME 04276
Local realty services provided by:CENTURY 21 Advantage
419-425 Cumberland Street,Rumford, ME 04276
$1,080,000
- - Beds
- 18 Baths
- 12,798 sq. ft.
- Multi-family
- Active
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652555
Source:ME_MREIS
Price summary
- Price:$1,080,000
- Price per sq. ft.:$84.39
About this home
Turnkey 18-unit multifamily portfolio consisting of three stabilized 6-unit buildings located at 419, 421, and 425 Cumberland Street in Rumford. The portfolio features a desirable unit mix of 15 two-bedroom and 3 three-bedroom apartments, appealing to a broad tenant base. Properties are situated within a federally designated Opportunity Zone. With only one vacancy and strong in-place income, the portfolio delivers an attractive 11% cap rate and immediate cash flow. A rare opportunity to acquire scale in a single transaction with stable operations and long-term upside potential.
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Home facts
- Year built:1923
- Listing ID #:1652555
- Updated:April 25, 2026 at 03:09 PM
Rooms and interior
- Total bathrooms:18
- Full bathrooms:18
- Flooring:Tile, Vinyl, Wood
- Basement Description:Unfinished
- Living area:12,798 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1923
- Building area:12,798 sq. ft.
- Lot area:0.36 Acres
- Lot Features:Level, Near Town, Sidewalks
- Architectural Style:New Englander
- Construction Materials:Vinyl Siding, Wood Frame
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,080,000
- Price per sq. ft.:$84.39
- Tax amount:$2,617 (2025)
Parking
- Parking description:1 - 4 Spaces, Common
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