93-99 & 98 Maine Avenue, Rumford, ME 04276

Rumford
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
93-99 & 98 Maine Avenue,Rumford, ME 04276
$1,000,000
  • - Beds
  • 18 Baths
  • 11,448 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652654
Source:ME_MREIS

Price summary

  • Price:$1,000,000
  • Price per sq. ft.:$87.35

About this home

Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.

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Home facts

  • Year built:1920
  • Listing ID #:1652654
  • Updated:March 24, 2026 at 04:06 PM

Rooms and interior

  • Total bathrooms:18
  • Full bathrooms:18
  • Flooring:Tile, Vinyl, Wood
  • Basement Description:Full
  • Living area:11,448 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1920
  • Building area:11,448 sq. ft.
  • Lot area:0.56 Acres
  • Lot Features:Level, Near Town
  • Construction Materials:Asbestos, Wood Frame

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,000,000
  • Price per sq. ft.:$87.35
  • Tax amount:$6,611 (2025)

Parking

  • Parking description:5 - 10 Spaces, Common
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