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Listed by Tyler Stewart Elevate Maine Realty
$400,000
Est. payment /mo
7 Baths
4,368 SqFt
Exclusive Listing
Pending
512 Kennebec ST Rumford, ME 04276
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Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $91
MLS Listing ID 1652664
Full Baths 7
HOA Y/N No
Year Built 1922
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Source Maine Listings
Land Area 4368
Property Description
Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (4) three-bedroom units and (3) two-bedroom units. The property includes one rent-ready vacancy and is currently producing a 9.6% cap rate, offering immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 17% cap rate potential. Recent capital improvements include a roof less than three years old, adding further stability for investors.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Oil, Baseboard
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Common, 1 - 4 Spaces
Roof Type Flat
Garage No
Building
Lot Description Near Town, Level
Water Public
Architectural Style New Englander
Others
Tax ID RUMF-000113-000000-000049
Nearby Locations
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