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325 Cumberland Street, Rumford, ME, 04276

17beds
6baths
4,680sqft
$300,000
$64price/sqft
$2,681/moest. monthly cost
$107,240/yrincome needed

About This Home

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.

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

2/10
Rumford Elementary SchoolGrades PK-40.2 mi
1/10
3/10

Construction

Condition

  • Year built: 1925

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,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 17
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 4,680

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 4,680
  • Total interior livable area: 4,680 sqft

Property

Details

  • Parcel number: RUMFM113L255
  • Zoning: Unk

Features

  • Levels: Multi/Split

Lot

  • Lot size: 6,098 sqft
  • Features: City Lot,Level,Sidewalks

Parking

  • Parking features: Concrete,1 - 4 Spaces