512 Kennebec ST, Rumford, ME 04276
512 Kennebec ST, Rumford, ME 04276
512 Kennebec ST, Rumford, ME 04276
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Tyler Stewart Elevate Maine Realty
$ 400,000
Est. payment | /mo

7 Baths

4,368 SqFt

Save
$ 400,000
Est. payment | /mo
Save

7 Baths

4,368 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 4,368 sqft

Price per Sqft $91

MLS Listing ID 1652664

Full Baths 7

HOA Y/N No

Year Built 1922

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Source Maine Listings

Land Area 4368

Property Description

Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (4) three-bedroom units and (3) two-bedroom units. The property includes one rent-ready vacancy and is currently producing a 9.6% cap rate, offering immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 17% cap rate potential. Recent capital improvements include a roof less than three years old, adding further stability for investors.

Location

State ME

County Oxford

Zoning Residential

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

Water Public

Architectural Style New Englander

Others

Tax ID RUMF-000113-000000-000049

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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512 Kennebec ST