413 Cumberland St Rumford, ME 04276
Estimated payment $7,085/month
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
- New Englander Architecture
About This Home
Turnkey investment portfolio offering 22 units across 4 buildings in Rumford, located at 413, 419, 421, and 425 Cumberland Street. The package consists of three 6-unit buildings and one 4-unit building, with a strong unit mix of (2) four-bedrooms, (3) three-bedrooms, (15) two-bedrooms, and (2) one-bedrooms that appeals to a wide tenant base. All properties are situated within a federally designated Opportunity Zone, providing potential tax advantages for investors. With only 1 current vacancy and an impressive 12.6% cap rate, this portfolio offers immediate turnkey cash flow with long-term upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,697
Year Built
- Built in 1900
Lot Details
- 0.47 Acre Lot
Home Design
- New Englander Architecture
- Flat Roof Shape
Interior Spaces
- 22 Full Bathrooms
- 16,281 Sq Ft Home
- Interior Basement Entry
Flooring
- Wood
- Tile
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Tax Lot Various
- Assessor Parcel Number RUMF-000113-000000-000264
Community Details
Overview
- No Home Owners Association
- 22 Units
Building Details
- Operating Expense $117,219
- Gross Income $271,452
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 | $1,823 | $109,700 | $9,300 | $100,400 |
| 2023 | $1,737 | $78,300 | $6,600 | $71,700 |
| 2022 | $1,737 | $78,300 | $6,600 | $71,700 |
| 2021 | $1,758 | $78,300 | $6,600 | $71,700 |
| 2020 | $1,770 | $78,300 | $6,600 | $71,700 |
| 2019 | $1,263 | $41,418 | $3,500 | $37,918 |
| 2018 | $1,232 | $41,418 | $3,500 | $37,918 |
| 2017 | $1,195 | $41,418 | $3,500 | $37,918 |
| 2016 | $1,160 | $41,418 | $3,500 | $37,918 |
| 2015 | $1,137 | $41,418 | $3,500 | $37,918 |
| 2014 | $1,116 | $41,418 | $3,500 | $37,918 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2025 12/17/25 | For Sale | $240,000 | -80.4% | $69 / Sq Ft |
| 09/25/2025 09/25/25 | For Sale | $1,225,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Maine Listings
MLS Number: 1638845
APN: RUMF-000113-000000-000261
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