22
See all 22 photos
Listed by Elevate Maine Realty
$1,080,000
18 Baths
12,798 SqFt
Exclusive Listing
Pending
419-425 Cumberland ST 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
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 12,798 sqft
MLS Listing ID 1652555
Style New Englander
Full Baths 18
HOA Y/N No
Abv Grd Liv Area 12,798
Year Built 1923
Annual Tax Amount $2,617
Tax Year 2025
Lot Size 0.360 Acres
Acres 0.36
Source Maine Listings
Land Area 12798
Property Description
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.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Common
View Y/N No
Roof Type Flat
Garage No
Building
Lot Description Level, Sidewalks, Near Town
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
Nearby Locations
Please Contact Me For More Information.