8-unit multifamily investment delivering strong in-place income and substantial value-add potential. Currently operating at a 10.6% cap rate, the property includes 2 vacant units, offering immediate opportunity to renovate and lease at market rents with a projected 16%+ stabilized cap. The asset features a versatile unit mix of (1) 4-bedroom, (3) 3-bedroom, and (4) 1-bedroom units, appealing to a broad tenant base. Separate electric and a solid structure support efficient operations and long-term durability. Several long-term tenants provide consistent cash flow while improvements are executed. Well located just minutes from downtown and major employers, this is a compelling high-yield opportunity with clear upside through unit upgrades and rent optimization.
Active
$400,000
323 Cumberland Street, Rumford, ME 04276
17beds
6,300sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Separate electricSolid structure
- 141 days |
- 88 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1652952
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Hot Water
Cooling
- Window Unit(s)
Features
- Flooring: Tile, Vinyl
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 6,300
- Total interior livable area: 6,300 sqft
- Finished area above ground: 6,300
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Common, 1 - 4 Spaces
- Garage spaces: 1
Features
- Levels: Multi/Split
Lot
- Size: 6,098 Square Feet
- Features: City Lot, Level, Sidewalks
Details
- Parcel number: 323Cumberland StreetSTRumford113254
- Zoning: Unk
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Flat
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rumford
Financial & listing details
- Price per square foot: $63/sqft
- Annual tax amount: $2,956
- Date on market: 4/13/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Listed for sale | $400,000$63/sqft |
Source:  Maine Listings #1652952 Report a problem | ||
| 3/9/2026 | Pending sale | $400,000$63/sqft |
Source: Maine Listings #1652952 Report a problem | ||
| 3/1/2026 | Listed for sale | $400,000$63/sqft |
Source: Maine Listings #1652952 Report a problem | ||
Public tax history
Tax history is unavailable.
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
- 3/10Mountain Valley High SchoolGrades: 9-12Distance: 1 mi
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