322 Waldo Street, Rumford, ME 04276

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
322 Waldo Street,Rumford, ME 04276
$420,000
  • - Beds
  • 7 Baths
  • 5,850 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler stewart
Office: keller williams realty
MLS#:1646827
Source:ME_MREIS

Price summary

  • Price:$420,000
  • Price per sq. ft.:$71.79

About this home

Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability. The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality. Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.

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Home facts

  • Year built:1920
  • Listing ID #:1646827
  • Updated:December 17, 2025 at 10:54 PM

Rooms and interior

  • Total bathrooms:7
  • Full bathrooms:7
  • Living area:5,850 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1920
  • Building area:5,850 sq. ft.
  • Lot area:0.28 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$420,000
  • Price per sq. ft.:$71.79
  • Tax amount:$3,111 (2024)
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