322 Waldo St Rumford, ME 04276
Estimated payment $2,453/month
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
About This Home
Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability. The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality. Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,111
Year Built
- Built in 1920
Lot Details
- 0.28 Acre Lot
Home Design
- Flat Roof Shape
Interior Spaces
- 7 Full Bathrooms
- 5,850 Sq Ft Home
- Interior Basement Entry
Flooring
- Wood
- Tile
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 234
- Assessor Parcel Number RUMF-000113-000000-000234
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Operating Expense $43,438
- Gross Income $98,808
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 | $3,111 | $187,200 | $21,100 | $166,100 |
| 2023 | $2,968 | $133,800 | $15,100 | $118,700 |
| 2022 | $2,968 | $133,800 | $15,100 | $118,700 |
| 2021 | $3,004 | $133,800 | $15,100 | $118,700 |
| 2020 | $3,024 | $133,800 | $15,100 | $118,700 |
| 2019 | $2,055 | $67,391 | $4,300 | $63,091 |
| 2018 | $2,005 | $67,391 | $4,300 | $63,091 |
| 2017 | $1,944 | $67,391 | $4,300 | $63,091 |
| 2016 | $1,887 | $67,391 | $4,300 | $63,091 |
| 2015 | $1,850 | $67,391 | $4,300 | $63,091 |
| 2014 | $1,816 | $67,391 | $4,300 | $63,091 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2025 12/17/25 | Pending | -- | -- | -- |
| 12/17/2025 12/17/25 | For Sale | $420,000 | -- | $72 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Maine Listings
MLS Number: 1646827
APN: RUMF-000113-000000-000234
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