425 Cumberland Street, Rumford, ME 04276

Rumford
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
425 Cumberland Street,Rumford, ME 04276
$360,000
  • - Beds
  • 6 Baths
  • 4,500 sq. ft.
  • Multi-family
  • Active
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652561
Source:ME_MREIS

Price summary

  • Price:$360,000
  • Price per sq. ft.:$80

About this home

Well-located 6-unit multifamily comprised of a desirable unit mix of three (3) 2-bedroom apartments and three (3) 3-bedroom apartments. The property currently has one rent ready vacancy, providing immediate upside through lease-up and income stabilization. The building is operating at a 10.3% cap rate, with a clear path to increased performance. Through rent optimization and full occupancy, the property shows potential to achieve a 14%+ cap rate, making this an attractive opportunity for investors seeking both cash flow and value appreciation. Additional upside is supported by a newer furnace, helping reduce near-term capital expenditure concerns while improving operational efficiency. An ideal acquisition for investors looking to step into a light value-add opportunity with meaningful income growth potential.

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Home facts

  • Year built:1923
  • Listing ID #:1652561
  • Updated:March 19, 2026 at 04:01 PM

Rooms and interior

  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Vinyl, Wood
  • Basement Description:Full, Unfinished
  • Living area:4,500 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1923
  • Building area:4,500 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Intown, Level
  • Construction Materials:Vinyl Siding, Wood Frame
  • Foundation Description:Concrete Perimeter, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$360,000
  • Price per sq. ft.:$80
  • Tax amount:$2,617 (2025)

Parking

  • Parking description:1 - 4 Spaces, Off street, Paved
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