325 Cumberland St Rumford, ME 04276
Estimated payment $2,110/month
Highlights
- No HOA
- Baseboard Heating
- Level Lot
- Tile Flooring
About This Home
Cash flow day one with major upside still on the table. This 6-unit multifamily on Cumberland Street is already generating income with 4 of the 6 units leased, delivering a 6% cap rate as-is—with the remaining units rent-ready and poised to push returns significantly higher.
The building offers separate electric, a clean, functional layout, and is located in a high-demand rental area. With minimal additional investment, a fully stabilized cap rate north of 18% is within reach, making this an ideal opportunity for investors looking to force appreciation and boost cash flow in short order.
Opportunities like this—partially stabilized, easy to finish, and packed with upside—are rare. Request the financials and schedule a showing before this one gets picked up.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,317
Year Built
- Built in 1925
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Parking
- Driveway
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 4,680 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
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Natural Gas Not Available
- Water Heater
Listing and Financial Details
- Tax Lot 255
- Assessor Parcel Number RUMF-000113-000000-000255
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $30,489
- Gross Income $51,600
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 | $2,317 | $139,400 | $10,500 | $128,900 |
| 2023 | $2,209 | $99,600 | $7,500 | $92,100 |
| 2022 | $2,209 | $99,600 | $7,500 | $92,100 |
| 2021 | $2,236 | $99,600 | $7,500 | $92,100 |
| 2020 | $2,251 | $99,600 | $7,500 | $92,100 |
| 2019 | $1,506 | $49,390 | $3,500 | $45,890 |
| 2018 | $1,469 | $49,390 | $3,500 | $45,890 |
| 2017 | $1,425 | $49,390 | $3,500 | $45,890 |
| 2016 | $1,383 | $49,390 | $3,500 | $45,890 |
| 2015 | $1,356 | $49,390 | $3,500 | $45,890 |
| 2014 | $1,331 | $49,390 | $3,500 | $45,890 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | For Sale | $350,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $216,000 | Purchase Money Mortgage | |
| Previous Owner | $5,390 | Unknown |
Source: Maine Listings
MLS Number: 1627440
APN: RUMF-000113-000000-000255
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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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