20 Falmouth St Rumford, ME 04276
Estimated payment $1,586/month
Highlights
- No HOA
- Heating System Uses Steam
- Vinyl Flooring
- Window Unit Cooling System
- Level Lot
About This Home
This fully renovated 4-unit in the heart of Rumford is a rare find—offering both charm and serious cash flow. Boasting over a 12% cap rate, this property checks all the boxes for both new and seasoned investors. Major upgrades include new siding, porches, and a newer roof/heating system, ensuring low maintenance for years to come.
Each unit is well-maintained, and the building itself is a true standout—one of the most attractive multi-families in the area. Tenants benefit from updated systems and curb appeal, while owners benefit from strong rents and minimal headaches.
Opportunities like this don't last long. Whether you're looking to expand your portfolio or step into your first multifamily with confidence, this property delivers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,451
Year Built
- Built in 1925
Lot Details
- 0.27 Acre Lot
- Level Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 2,088 Sq Ft Home
- 3-Story Property
- Vinyl Flooring
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- On-Site Parking
Location
- City Lot
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Uses Steam
- Natural Gas Not Available
- Water Heater
Listing and Financial Details
- Tax Lot 327
- Assessor Parcel Number RUMF-000113-000000-000327
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $20,711
- Gross Income $54,720
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,451 | $87,300 | $10,500 | $76,800 |
| 2023 | $1,382 | $62,300 | $7,500 | $54,800 |
| 2022 | $1,382 | $62,300 | $7,500 | $54,800 |
| 2021 | $1,336 | $59,500 | $7,500 | $52,000 |
| 2020 | $1,345 | $59,500 | $7,500 | $52,000 |
| 2019 | $946 | $31,030 | $3,500 | $27,530 |
| 2018 | $923 | $31,030 | $3,500 | $27,530 |
| 2017 | $895 | $31,030 | $3,500 | $27,530 |
| 2016 | $869 | $31,030 | $3,500 | $27,530 |
| 2015 | $852 | $31,030 | $3,500 | $27,530 |
| 2014 | $836 | $31,030 | $3,500 | $27,530 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Pending | -- | -- | -- |
| 06/19/2025 06/19/25 | For Sale | $275,000 | +400.0% | $132 / Sq Ft |
| 03/26/2021 03/26/21 | Sold | $55,000 | -15.4% | $23 / Sq Ft |
| 12/15/2020 12/15/20 | Pending | -- | -- | -- |
| 05/22/2020 05/22/20 | For Sale | $64,999 | -- | $27 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $105,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $77,759 | Purchase Money Mortgage | |
| Previous Owner | $22,065 | Unknown | |
| Previous Owner | $2,950 | Unknown |
Source: Maine Listings
MLS Number: 1627279
APN: RUMF-000113-000000-000327
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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