425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
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Luke Morris

Luke Morris

+1(603) 401-5858
Listed by Tyler Stewart Elevate Maine Realty
$ 360,000
Est. payment | /mo

6 Baths

4,500 SqFt

Save
$ 360,000
Est. payment | /mo
Save

6 Baths

4,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $80

MLS Listing ID 1652561

Full Baths 6

HOA Y/N No

Year Built 1923

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Source Maine Listings

Land Area 4500

Property 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 10.3% 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.

Location

State ME

County Oxford

Zoning Res

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Heating Oil, Baseboard, Hot Water

Cooling None

Flooring Vinyl, Wood

Exterior

Parking Features Paved, 1 - 4 Spaces, Off Street

Roof Type Flat

Garage No

Building

Lot Description Intown, Level

Story 3

Entry Level Multi-Level

Foundation Stone, Poured Concrete

Water Public

Architectural Style Other

Others

Tax ID RUMF-000113-000000-000264

Maine MLS (MREIS) IDX

Nearby Locations

Luke Morris

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

+1(603) 401-5858

[email protected]

P.O. Box 951, Wells, Maine 04090, USA

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425 Cumberland ST