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Listed by Elevate Maine Realty
$300,000
6 Baths
4,680 SqFt
Exclusive Listing
Active
325 Cumberland ST Rumford, ME 04276
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Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 4,680 sqft
MLS Listing ID 1653046
Style Other
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,680
Year Built 1925
Annual Tax Amount $2,611
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Source Maine Listings
Land Area 4680
Property Description
Six-unit multifamily on Cumberland Street offering significant upside through filling vacancies. While the property is currently 50% vacant, all units are rent-ready and positioned for immediate occupancy.
The property features separate electric and a functional layout that supports straightforward management. Once fully leased, the projected stabilized cap rate is over 18%, presenting a strong return profile for investors focused on cash flow and value creation.
With units ready to be placed and clear income upside through stabilization, this asset offers a defined path to improved performance in a proven rental market. Financials available upon request.
The property features separate electric and a functional layout that supports straightforward management. Once fully leased, the projected stabilized cap rate is over 18%, presenting a strong return profile for investors focused on cash flow and value creation.
With units ready to be placed and clear income upside through stabilization, this asset offers a defined path to improved performance in a proven rental market. Financials available upon request.
Location
State ME
County Oxford
Zoning Unk
Rooms
Basement Interior, Full, Unfinished
Interior
Heating Baseboard
Cooling None
Flooring Vinyl, Tile
Exterior
Parking Features 1 - 4 Spaces, Concrete
View Y/N No
Roof Type Flat
Garage No
Building
Lot Description Level, Sidewalks, Intown
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil, Electric
Nearby Locations
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