48 Essex Avenue, Rumford, ME 04276

Rumford
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
48 Essex Avenue,Rumford, ME 04276
$300,000
  • - Beds
  • 5 Baths
  • 3,348 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652592
Source:ME_MREIS

Price summary

  • Price:$300,000
  • Price per sq. ft.:$89.61

About this home

Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.

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Home facts

  • Year built:1923
  • Listing ID #:1652592
  • Updated:April 10, 2026 at 07:30 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Tile, Vinyl, Wood
  • Basement Description:Full, Unfinished
  • Living area:3,348 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1923
  • Building area:3,348 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level, Near Town
  • Construction Materials:Vinyl Siding, Wood Frame

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$300,000
  • Price per sq. ft.:$89.61
  • Tax amount:$2,131 (2025)

Parking

  • Parking description:1 - 4 Spaces, Common
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