Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

25 Falmouth Street, Rumford, ME, 04276

18beds
6baths
5,070sqft
$360,000
$71price/sqft
$2,946/moest. monthly cost
$117,840/yrincome needed

About This Home

Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability. The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns. Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

2/10
Rumford Elementary SchoolGrades PK-40.3 mi
1/10
3/10

Construction

Condition

  • Year built: 1923

Materials

  • Roof: Flat
  • Construction materials: Wood Frame,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 18
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Tile,Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 5,070

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 5,070
  • Total interior livable area: 5,070 sqft

Property

Details

  • Zoning: Res

Lot

  • Lot size: 6,969 sqft
  • Features: City Lot,Level

Parking

  • Parking features: Concrete,1 - 4 Spaces