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Listed price in listed location currency (USD).
$400,000

080

MLS® 1652952

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 6300 sqft
Garage No
HOA Fees 
Taxes $2,956
Days Active 6
Approx. Age 1920
Avg. Price Per Sqft $63
MLS® Number 1652952

Property Address: 323 Cumberland Street, Rumford, ME, 04276

Average square foot calculated using Size range provided by listing agent.

Description

8-unit multifamily investment delivering strong in-place income and substantial value-add potential. Currently operating at a 10.6% cap rate, the property includes 2 vacant units, offering immediate opportunity to renovate and lease at market rents with a projected 16%+ stabilized cap. The asset features a versatile unit mix of (1) 4-bedroom, (3) 3-bedroom, and (4) 1-bedroom units, appealing to a broad tenant base. Separate electric and a solid structure support efficient operations and long-term durability. Several long-term tenants provide consistent cash flow while improvements are executed. Well located just minutes from downtown and major employers, this is a compelling high-yield opportunity with clear upside through unit upgrades and rent optimization.
MLS® Number1652952
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 1, 2026List Date
$400,000List Price
  • Commute

Commute

Starting Address
Destination Address
323 Cumberland Street, Rumford, ME

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