425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
425 Cumberland ST, Rumford, ME 04276
8
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Listed by Elevate Maine Realty
$360,000
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6 Baths
4,500 SqFt
Exclusive Listing
Pending

425 Cumberland ST Rumford, ME 04276

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Elevate Maine Realty

Elevate Maine Realty

+1(207) 331-4565

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 4,500 sqft

MLS Listing ID 1652561

Style Other

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 4,500

Year Built 1923

Annual Tax Amount $2,617

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, Full, Unfinished

Interior

Heating Hot Water, Baseboard

Cooling None

Flooring Wood, Vinyl

Exterior

Parking Features 1 - 4 Spaces, Paved, Off Street

Utilities Available 1

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Level, Intown

Story 3

Foundation Stone, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Unknown

Energy Description Oil

Maine MLS (MREIS) IDX

Nearby Locations

Elevate Maine Realty

Please Contact Me For More Information.

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME, 04105-1301, USA

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425 Cumberland ST