REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Keller Williams Realty
$ 2,225,000
New
7 Various Addresses Rumford, ME 04276
30 Baths
31,818 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 31,818 sqft
MLS Listing ID 1638836
Style Other
Full Baths 30
HOA Y/N No
Abv Grd Liv Area 31,818
Year Built 1900
Annual Tax Amount $15,985
Tax Year 2025
Lot Size 1.190 Acres
Acres 1.19
Source Maine Listings
Land Area 31818
Property Description
Exceptional opportunity to acquire a 7-building, 40-unit portfolio in Rumford, located at 25 Falmouth Street, 48 Essex Avenue, and 209, 313, 318, 322, and 341 Waldo Street. The package consists of one 3-unit, one 5-unit, three 6-unit buildings, and two 7-unit buildings, with a diverse unit mix of (2) four-bedrooms, (22) three-bedrooms, (12) two-bedrooms, and (4) one-bedrooms. All properties are situated within a federally designated Opportunity Zone, offering potential tax advantages for investors. Currently operating at an 11.1% cap rate with only 3 vacancies, this portfolio provides immediate, turnkey cash flow along with long-term upside.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior, Unfinished
Interior
Heating Forced Air, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 21+ Spaces, Paved
View Y/N No
Roof Type Flat,Shingle
Garage No
Building
Lot Description Near Town
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Asbestos,Wood Frame
Others
Restrictions Unknown
Energy Description Propane, Oil
