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Listed price in listed location currency (USD).
$360,000

060

MLS® 1646825

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 4500 sqft
Garage No
HOA Fees 
Taxes $2,322
Days Active 3
Approx. Age 1923
Avg. Price Per Sqft $80
MLS® Number 1646825

Property Address: 425 Cumberland Street, Rumford, ME, 04276

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

Description

Well-located 6-unit multifamily comprised of a desirable unit mix of three (3) 2-bedroom apartments and three (3) 3-bedroom apartments. The property currently has one rent ready vacancy, providing immediate upside through lease-up and income stabilization. The building is operating at a 10.5% cap rate, with a clear path to increased performance. Through rent optimization and full occupancy, the property shows potential to achieve a 14%+ cap rate, making this an attractive opportunity for investors seeking both cash flow and value appreciation. Additional upside is supported by a newer furnace, helping reduce near-term capital expenditure concerns while improving operational efficiency. An ideal acquisition for investors looking to step into a light value-add opportunity with meaningful income growth potential.
MLS® Number1646825
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1923
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

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 17, 2025List Date
$360,000List Price
  • Commute

Commute

Starting Address
Destination Address
425 Cumberland Street, Rumford, ME

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