Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this opportunity is worth exploring. This well maintained property features 3 spacious 3-bedroom apartments with many updates already completed. A detached 3 bay garage provides valuable off street parking for tenants or the potential for additional rental income and storage opportunities. Outside, the property features a nice yard, providing space for tenants or owners to relax, entertain, or enjoy the outdoors. With strong income potential and flexibility for both investors and owner occupants, this property is a smart addition to any real estate portfolio.
Active
$285,000
232 Franklin Street, Rumford, ME 04276
9beds
3,654sqft
Multi Family
Built in 1915
-- sqft lot
$275,800 Zestimate®
$78/sqft
$-- HOA
What's special
Nice yardOff street parking
- 30 days |
- 116 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Cassie Mason Real Estate
Source: Maine Listings,MLS#: 1673795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Vinyl, Hardwood
- Basement: Bulkhead,Full,Unfinished
Interior area
- Total structure area: 3,654
- Total interior livable area: 3,654 sqft
- Finished area above ground: 3,654
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Paved, 1 - 4 Spaces, Off Street, Detached
- Garage spaces: 3
Features
- Levels: Multi/Split
Lot
- Size: 0.25 Acres
- Features: City Lot, Near Country Club, Near Golf Course, Near Shopping, Ski Resort, Level, Open Lot, Sidewalks
Details
- Parcel number: RUMFM117L104
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rumford
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $171,900
- Annual tax amount: $3,220
- Date on market: 7/28/2026
- Road surface type: Paved
Estimated market value
$275,800
$262,000 - $290,000
$1,357/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Listed for sale | $285,000+83.9%$78/sqft |
Source:  Maine Listings #1673795 Report a problem | ||
| 7/15/2022 | Sold | $155,000$42/sqft |
Source: Maine Listings #1517824 Report a problem | ||
| 3/23/2022 | Pending sale | $155,000$42/sqft |
Source: Maine Listings #1517824 Report a problem | ||
| 3/16/2022 | Listed for sale | $155,000$42/sqft |
Source: Maine Listings #1517824 Report a problem | ||
| 1/17/2022 | Pending sale | $155,000$42/sqft |
Source: Maine Listings #1517824 Report a problem | ||
| 1/12/2022 | Listed for sale | $155,000+158.3%$42/sqft |
Source: Maine Listings #1517824 Report a problem | ||
| 3/14/2014 | Sold | $60,000$16/sqft |
Source: Maine Listings #1032629 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,857 +4.9% | $171,900 +40% |
| 2023 | $2,724 | $122,800 |
| 2022 | $2,724 -1.2% | $122,800 |
| 2021 | $2,757 -0.6% | $122,800 |
| 2020 | $2,775 +20.6% | $122,800 +62.8% |
| 2019 | $2,301 +2.5% | $75,440 |
| 2018 | $2,244 +3.1% | $75,440 |
| 2017 | $2,176 +3% | $75,440 |
| 2016 | $2,112 +2% | $75,440 |
| 2015 | $2,071 +1.9% | $75,440 |
| 2014 | $2,033 | $75,440 |
| 2005 | -- | $75,440 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 04276
Nearby schools
GreatSchools rating
- NAMountain Valley Community SchoolGrades: PK-8Distance: 1.4 mi
- 3/10Mountain Valley High SchoolGrades: 9-12Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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