245 Pine Street, Rumford, ME, 04276
About This Home
Investment opportunity with this 4-unit apartment building featuring three currently leased units and one vacant unit, providing immediate income potential with room to increase cash flow. A new propane boiler was installed in 2024. The property is in need of some updates and improvements and is being sold as is. Also available is an adjacent 0.11-acre buildable lot with access to public water, public sewer, and utilities, offering potential for additional development or parking. The seller also has four additional rental properties available and would be willing to package them together for an expanded investment opportunity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1905
Materials
- Foundation: Stone,Other
- Roof: Metal
- Construction materials: Wood Frame,Aluminum Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Exterior Entry,Walk-Out Access,Finished
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Laminate,Tile,Vinyl,Wood
- Finished area below ground: 1,100
- Finished area above ground: 2,250
Heating & Cooling
- Heating features: Baseboard,Hot Water
- Cooling features: None
Interior Area
- Total structure area: 3,350
- Total interior livable area: 3,350 sqft
Property
Details
- Parcel number: RUMFM116L101
- Zoning: residential
- Other equipment: Cable,Internet Access Available
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Lot size: 6,098 sqft
- Features: City Lot,Near Country Club,Near Golf Course,Near Public Beach,Near Shopping,Neighborhood,Open Lot,Rolling Slope,Sidewalks,Landscaped
Parking
- Parking features: Common,Paved,5 - 10 Spaces,Off Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Inland Flooding
- Lightning
- Hurricane
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,188 | $14,256 |
| Home Insurance | $84 | $1,008 |
| Property Taxes | $295 | $3,540 |
| Electricity | $486 | $5,843 |
| Total | $2,053 | $24,636 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Listed for sale | $235,000 |
| 2021-04-16 | Sold | $216,000 |
For Sale by Agent
View on Zillow