NOT LISTED FOR SALE

512 Kennebec St Rumford, ME 04276

Estimated Value: $382,000 - $399,000

Studio
7 Baths
4,368 Sq Ft
$90/Sq Ft Est. Value

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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2019
Sold by
By Eye Property Mgmt Llc
Bought by
Burns Propertyz Maine Div
Current Estimated Value
$391,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Outstanding Balance
$92,092
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$299,148

Purchase Details

Closed on
Apr 13, 2007
Sold by
Robichaud Peter A and Robichaud Becky M
Bought by
Eye Prop Mgmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,350
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Burns Propertyz Maine Div -- None Available
Eye Prop Mgmt Llc $1,001 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Propertyz Maine Div $105,600
Previous Owner Eye Prop Mgmt Llc $25,350
Previous Owner Eye Prop Mgmt Llc $135,200
Source: Public Records

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

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tyler Stewart

    Elevate Maine Realty

    (207) 213-7644

    8 in this area

    42 Total Sales

    Tyler Stewart
    Section Image
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Map

Maine Oxford County Rumford 04276

512 Kennebec St, Rumford, ME

Not Listed for Sale

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