512 Kennebec St Rumford, ME 04276
Estimated payment $2,350/month
Highlights
- Wood Flooring
- No HOA
- Baseboard Heating
- New Englander Architecture
About This Home
Well-positioned 7-unit building on Kennebec Street in Rumford featuring a desirable unit mix of (5) three-bedroom units and (2) two-bedroom units with a 3 year old roof. Currently operating with just one vacancy and producing a 9.2% cap rate, the property offers immediate turnkey cash flow with significant upside. With rents below market, projected returns exceed 15% cap rate potential. Recent improvements include a roof less than three years old, adding further stability for investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,271
Year Built
- Built in 1922
Lot Details
- 6,098 Sq Ft Lot
Home Design
- New Englander Architecture
- Flat Roof Shape
Interior Spaces
- 7 Full Bathrooms
- 4,368 Sq Ft Home
- Interior Basement Entry
Flooring
- Wood
- Tile
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Tax Lot 49
- Assessor Parcel Number RUMF-000113-000000-000049
Community Details
Overview
- No Home Owners Association
- 7 Units
Building Details
- Operating Expense $39,705
- Gross Income $74,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $400,000 | -- | $92 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $1,001 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $105,600 | New Conventional | |
| Previous Owner | $25,350 | Purchase Money Mortgage | |
| Previous Owner | $135,200 | Unknown |
Source: Maine Listings
MLS Number: 1638860
APN: RUMF-000113-000000-000049
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