93-99 & 98 Maine AVE, Rumford, ME 04276
93-99 & 98 Maine AVE, Rumford, ME 04276
93-99 & 98 Maine AVE, Rumford, ME 04276
93-99 & 98 Maine AVE, Rumford, ME 04276
93-99 & 98 Maine AVE, Rumford, ME 04276
93-99 & 98 Maine AVE, Rumford, ME 04276
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Luke Morris

Luke Morris

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

18 Baths

11,448 SqFt

Save
$ 1,000,000
Est. payment | /mo
Save

18 Baths

11,448 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 11,448 sqft

Price per Sqft $87

MLS Listing ID 1652654

Full Baths 18

HOA Y/N No

Year Built 1920

Tax Year 2025

Lot Size 0.560 Acres

Acres 0.56

Source Maine Listings

Land Area 11448

Property Description

Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.

Location

State ME

County Oxford

Zoning Residential

Rooms

Basement Interior Entry, Full

Interior

Heating Oil, Propane, Baseboard

Cooling None

Flooring Tile, Vinyl, Wood

Exterior

Parking Features Common, 5 - 10 Spaces

Roof Type Flat

Garage No

Building

Lot Description Near Town, Level

Entry Level Multi-Level

Water Public

Architectural Style Other

Others

Tax ID 93MaineAvenueRumford04276

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

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Luke Morris, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

93-99 & 98 Maine AVE