Well-located 6-unit multifamily comprised of a desirable unit mix of three (3) 2-bedroom apartments and three (3) 3-bedroom apartments. The property currently has one rent ready vacancy, providing immediate upside through lease-up and income stabilization. The building is operating at a 10.3% cap rate, with a clear path to increased performance. Through rent optimization and full occupancy, the property shows potential to achieve a 14%+ cap rate, making this an attractive opportunity for investors seeking both cash flow and value appreciation. Additional upside is supported by a newer furnace, helping reduce near-term capital expenditure concerns while improving operational efficiency. An ideal acquisition for investors looking to step into a light value-add opportunity with meaningful income growth potential.
Pending
$360,000
425 Cumberland Street, Rumford, ME 04276
15beds
4,500sqft
:
Get pre-qualified$2,441/mo
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$80/sqft
$-- HOA
What's special
Newer furnace
- 150 days |
- 11 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1652561
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 4,500
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 7,840 Square Feet
- Features: City Lot, Level
Details
- Parcel number: RUMFM113L264
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Poured Concrete
- Roof: Flat
Condition
- Year built: 1923
Utilities & green energy
- Electric: Fuses
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rumford
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $139,700
- Annual tax amount: $2,617
- Date on market: 4/22/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Pending sale | $360,000$80/sqft |
Source:  Maine Listings #1652561 Report a problem | ||
| 4/22/2026 | Listed for sale | $360,000$80/sqft |
Source: Maine Listings #1652561 Report a problem | ||
| 3/24/2026 | Pending sale | $360,000$80/sqft |
Source: Maine Listings #1652561 Report a problem | ||
| 2/23/2026 | Listed for sale | $360,000$80/sqft |
Source: Maine Listings #1652561 Report a problem | ||
| 2/20/2026 | Listing removed | $360,000$80/sqft |
Source: Maine Listings #1646825 Report a problem | ||
| 12/17/2025 | Listed for sale | $360,000+35.1%$80/sqft |
Source: Maine Listings #1646825 Report a problem | ||
| 4/3/2009 | Sold | $266,500$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,322 +4.9% | $139,700 +40% |
| 2023 | $2,214 | $99,800 |
| 2022 | $2,214 -1.2% | $99,800 |
| 2021 | $2,241 -0.6% | $99,800 |
| 2020 | $2,255 +35.6% | $99,800 +83.1% |
| 2019 | $1,663 +2.5% | $54,510 |
| 2018 | $1,622 +3.1% | $54,510 |
| 2017 | $1,573 +3.1% | $54,510 |
| 2016 | $1,526 +2% | $54,510 |
| 2015 | $1,496 +1.8% | $54,510 |
| 2014 | $1,469 | $54,510 |
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
- 3/10Mountain Valley High SchoolGrades: 9-12Distance: 0.9 mi
- $--3 bd1 ba-- sqft425 Cumberland St #2A, Rumford, ME 04276Off Market
- $--2 bd1 ba-- sqft425 Cumberland St #3R, Rumford, ME 04276Off Market
- $8502 bd1 ba487 sqft425 Cumberland St #3B, Rumford, ME 04276For Rent
- $1,1252 bd1 ba-- sqft425 Cumberland St #1B, Rumford, ME 04276For Rent
- $--2 bd1 ba-- sqft425 Cumberland St FLOOR 1, Rumford, ME 04276Off Market
- $1,3153 bd1 ba-- sqft425 Cumberland St FLOOR 3, Rumford, ME 04276For Rent
- $--3 bd1 ba-- sqft425 Cumberland St FLOOR 2, Rumford, ME 04276Off Market
- $--2 bd1 ba-- sqft421 Cumberland St #2B, Rumford, ME 04276Off Market
A local agent can set up tours, give advice and negotiate with sellers.
