419-425 Cumberland ST, Rumford, ME 04276
419-425 Cumberland ST, Rumford, ME 04276
419-425 Cumberland ST, Rumford, ME 04276
419-425 Cumberland ST, Rumford, ME 04276
419-425 Cumberland ST, Rumford, ME 04276
419-425 Cumberland ST, Rumford, ME 04276
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Tyler Stewart Elevate Maine Realty
$ 1,080,000
Est. payment | /mo

18 Baths

12,798 SqFt

Save
$ 1,080,000
Est. payment | /mo
Save

18 Baths

12,798 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 12,798 sqft

Price per Sqft $84

MLS Listing ID 1652555

Full Baths 18

HOA Y/N No

Year Built 1923

Tax Year 2025

Lot Size 0.360 Acres

Acres 0.36

Source Maine Listings

Land Area 12798

Property Description

Turnkey 18-unit multifamily portfolio consisting of three stabilized 6-unit buildings located at 419, 421, and 425 Cumberland Street in Rumford. The portfolio features a desirable unit mix of 15 two-bedroom and 3 three-bedroom apartments, appealing to a broad tenant base. Properties are situated within a federally designated Opportunity Zone. With only one vacancy and strong in-place income, the portfolio delivers an attractive 11% cap rate and immediate cash flow. A rare opportunity to acquire scale in a single transaction with stable operations and long-term upside potential.

Location

State ME

County Oxford

Zoning Residential

Direction GPS Friendly

Rooms

Basement Interior Entry, Unfinished

Interior

Heating Oil, Baseboard

Cooling None

Flooring Tile, Vinyl, Wood

Exterior

Parking Features Common, 1 - 4 Spaces

Roof Type Flat

Garage No

Building

Lot Description Near Town, Level, Sidewalks

Entry Level Multi-Level

Water Public

Architectural Style New Englander

Others

Tax ID RUMF-000113-000000-000264

Maine MLS (MREIS) IDX
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH 03801-4161, USA

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419-425 Cumberland ST