318 Waldo Street, Rumford, ME 04276

Rumford
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
318 Waldo Street,Rumford, ME 04276
$420,000
  • - Beds
  • 7 Baths
  • 6,120 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652596
Source:ME_MREIS

Price summary

  • Price:$420,000
  • Price per sq. ft.:$68.63

About this home

Fully occupied 7-unit multifamily offering strong in-place cash flow and immediate returns. The property consists of six (6) 3-bedroom units and one (1) 1-bedroom unit, a unit mix that supports consistent rental demand and operational efficiency. The building is currently operating at a 13% cap rate, providing attractive income from day one. Lead abatement was also completed in 2025. This turnkey investment with strong fundamentals, proven performance, and minimal deferred maintenance will not last long!

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Home facts

  • Year built:1910
  • Listing ID #:1652596
  • Updated:April 10, 2026 at 07:30 AM

Rooms and interior

  • Total bathrooms:7
  • Full bathrooms:7
  • Flooring:Carpet, Vinyl, Wood
  • Basement Description:Dirt Floor, Exterior Only
  • Living area:6,120 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1910
  • Building area:6,120 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Intown, Level, Sidewalks
  • Construction Materials:Vinyl Siding, Wood Frame
  • Exterior Features:Porch
  • Foundation Description:Concrete Perimeter, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$420,000
  • Price per sq. ft.:$68.63
  • Tax amount:$3,424 (2025)

Parking

  • Parking description:1 - 4 Spaces, No Driveway, Off street
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