T
Seller's Agent in 2026
Tyler Stewart
Keller Williams Realty
322 Waldo St Rumford, ME 04276
--
Bed
7
Baths
5,850
Sq Ft
0.28
Acres Lot
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
About This Home
As of March 2026Well-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.
Last Agent to Sell the Property
Tyler Stewart
Keller Williams Realty Listed on: 12/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,111
Year Built
- Built in 1920
Lot Details
- 12,197 Sq Ft Lot
Home Design
- Flat Roof Shape
Interior Spaces
- 7 Full Bathrooms
- 5,850 Sq Ft Home
- Multi-Level Property
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 17, 2025
Closed on
Feb 27, 2026
Sold by
Burns Propz Maine Div Llc
Bought by
Davi Properties Llc
Seller's Agent
Tyler Stewart
Keller Williams Realty
Buyer's Agent
Tyler Stewart
Elevate Maine Realty
List Price
$420,000
Sold Price
$420,000
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.35%
Original Mortgage
$336,000
Outstanding Balance
$336,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$72,424
Purchase Details
Closed on
Nov 29, 2011
Sold by
T Ernest and Edith T
Bought by
Robichaud Ernest and Robichaud Peter
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | -- | |
| Warranty Deed | $420,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $336,000 | Purchase Money Mortgage | |
| Closed | $336,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2026 03/03/26 | Sold | $420,000 | 0.0% | $72 / Sq Ft |
| 12/17/2025 12/17/25 | Pending | -- | -- | -- |
| 12/17/2025 12/17/25 | For Sale | $420,000 | -- | $72 / Sq Ft |
Source: Maine Listings
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 |
|---|---|---|---|---|
| 2025 | $3,506 | $187,200 | $21,100 | $166,100 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Maine Listings
MLS Number: 1646827
APN: RUMF-000113-000000-000234
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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