Investment opportunity with this 4-unit apartment building featuring one currently leased unit and three vacant units, providing immediate income potential with room to increase cash flow. A new propane boiler was installed in 2024. The property is in need of some updates and improvements and is being sold as is. The seller also has two additional rental properties available and would be willing to package them together for an expanded investment opportunity.
Active
$235,000
245 Pine Street, Rumford, ME 04276
11beds
3,350sqft
Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$70/sqft
$-- HOA
What's special
- 93 days
- 99
- 3
Zillow last checked:
Listing updated:
Listed by:
Coldwell Banker Sandy River Realty 207-778-6333
Source: Maine Listings,MLS#: 1670829
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Laminate, Tile, Vinyl, Wood
- Basement: Exterior Entry,Walk-Out Access,Finished
Interior area
- Total structure area: 3,350
- Total interior livable area: 3,350 sqft
- Finished area above ground: 2,250
- Finished area below ground: 1,100
Property
Parking
- Parking features: Common, Paved, 5 - 10 Spaces, Off Site
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 6,098 Square Feet
- Features: City Lot, Near Country Club, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Open Lot, Rolling Slope, Sidewalks, Landscaped
Details
- Parcel number: RUMFM116L101
- Zoning: residential
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding
- Foundation: Stone, Other
- Roof: Metal
Condition
- Year built: 1905
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rumford
Financial & listing details
- Price per square foot: $70/sqft
- Tax assessed value: $108,600
- Annual tax amount: $2,034
- Date on market: 7/8/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $235,000+8.8%$70/sqft |
Source:  Maine Listings #1670829 Report a problem | ||
| 4/16/2021 | Sold | $216,000$64/sqft |
Source: Maine Listings #1478949 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,805 +5% | $108,600 +40.1% |
| 2023 | $1,719 | $77,500 |
| 2022 | $1,719 -1.2% | $77,500 |
| 2021 | $1,740 -0.7% | $77,500 |
| 2020 | $1,752 +43% | $77,500 +93% |
| 2019 | $1,225 +2.6% | $40,151 |
| 2018 | $1,194 +3.1% | $40,151 |
| 2017 | $1,158 +3% | $40,151 |
| 2016 | $1,124 +2% | $40,151 |
| 2015 | $1,102 +1.8% | $40,151 |
| 2014 | $1,082 | $40,151 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04276
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