323 Cumberland St Rumford, ME 04276
Estimated payment $2,519/month
Highlights
- No HOA
- Tile Flooring
- 1 Car Garage
- Cooling Available
- Baseboard Heating
- Level Lot
About This Home
This 8-unit multifamily is a value-add opportunity with real upside—2 units are currently vacant, giving investors a head start on repositioning and boosting rents.The building offers a mix of layouts, solid structure, and separate electric. Located just minutes from downtown and major employers, the property sits in a high-demand rental market with limited inventory and strong tenant interest. Several long-term tenants provide consistent cash flow while you improve the remaining units.Whether you're looking to renovate and raise rents, refinance, or hold for the long game, this property presents a compelling return profile at an approachable price point.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,623
Year Built
- Built in 1920
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Parking
- 1 Car Garage
- Common or Shared Parking
- Shared Driveway
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 8 Full Bathrooms
- 6,300 Sq Ft Home
- Multi-Level Property
Flooring
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- City Lot
Utilities
- Cooling Available
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
Listing and Financial Details
- Tax Lot 254
- Assessor Parcel Number RUMF-000113-000000-000254
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $37,386
- Gross Income $76,128
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 | $2,623 | $157,800 | $10,500 | $147,300 |
| 2023 | $2,500 | $112,700 | $7,500 | $105,200 |
| 2022 | $2,500 | $112,700 | $7,500 | $105,200 |
| 2021 | $2,530 | $112,700 | $7,500 | $105,200 |
| 2020 | $2,547 | $112,700 | $7,500 | $105,200 |
| 2019 | $1,543 | $50,580 | $3,500 | $47,080 |
| 2018 | $1,505 | $50,580 | $3,500 | $47,080 |
| 2017 | $1,459 | $50,580 | $3,500 | $47,080 |
| 2016 | $1,416 | $50,580 | $3,500 | $47,080 |
| 2015 | $1,388 | $50,580 | $3,500 | $47,080 |
| 2014 | $1,363 | $50,580 | $3,500 | $47,080 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | For Sale | $420,000 | -- | $67 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $88,000 | Purchase Money Mortgage | |
| Previous Owner | $83,158 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1627439
APN: RUMF-000113-000000-000254
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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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