




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
0
30
Schools
2/10
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
