Closed

$300,000

25 Maine Avenue, Rumford, ME 04276

16beds

4,200sqft

Multi Family

Built in 1910

-- sqft lot

$336,700 Zestimate^®

$71/sqft

$1,084 Estimated rent

Home value

$336,700

$296,000 - $377,000

$1,084/mo

Zestimate^® history

Owner options

List your home for rent

$1,084/mo

Rent Zestimate^®

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$1,084/mo

Rent Zestimate^®

Refinance and save

$1,911/mo

Est. payment

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$1,911/mo

Est. payment

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What's special

Natural lightConvenience to shopping

Introducing this large, 6-unit multi-family property in the heart of Rumford! At a 15.2% stabilized cap rate, 25 Maine has both rental income and value-add avenues. With two unfinished units, the opportunity presents to bring your vision and add your finishing touches! The two 2-bedroom and four 3-bedroom units boast an abundance of natural light. Conveniently located in town, this property promotes accessibility and convenience to shopping, schools, and other public amenities.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 6
Full bathrooms: 6

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Tile, Vinyl, Wood
Basement: Interior Entry

Interior area

Total structure area: 4,200
Total interior livable area: 4,200 sqft
Finished area above ground: 4,200
Finished area below ground: 0

Property

Features

Levels: Multi/Split

Lot

Size: 3,484 Square Feet

Details

Parcel number: RUMFM117L245
Zoning: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Roof: Metal

Condition

Year built: 1910

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Rumford

Financial & listing details

Price per square foot: $71/sqft
Tax assessed value: $152,900
Annual tax amount: $2,422
Date on market: 3/29/2024

Price history

Date	Event	Price
6/28/2024	Sold	$300,000$71/sqft
Source: Maine Listings #1585247 Report a problem
5/14/2024	Pending sale	$300,000$71/sqft
Source: Maine Listings #1585247 Report a problem
3/29/2024	Listed for sale	$300,000+177.8%$71/sqft
Source: Maine Listings #1585247 Report a problem
11/8/2019	Sold	$108,000$26/sqft
Source: Maine Listings #1405786 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,541 +4.9%	$152,900 +40%
2023	$2,422	$109,200
2022	$2,422 -1.2%	$109,200
2021	$2,452 -0.6%	$109,200
2020	$2,468 +80.8%	$109,200 +143.9%
2019	$1,365 +2.5%	$44,766
2018	$1,332 +3.2%	$44,766
2017	$1,291 +3%	$44,766
2016	$1,253 +2%	$44,766
2015	$1,229 +1.9%	$44,766
2014	$1,206	$44,766