Pending

$300,000

48 Essex Avenue, Rumford, ME 04276

8beds

3,348sqft

$2,054/mo

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Multi Family

Built in 1923

-- sqft lot

$-- Zestimate^®

$90/sqft

$-- HOA

What's special

Upgraded electrical

Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.

181 days

1

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

Baseboard, Hot Water

Cooling

None

Features

Flooring: Tile, Vinyl, Wood
Basement: Interior Entry,Full,Unfinished

Interior area

Total structure area: 3,348
Total interior livable area: 3,348 sqft
Finished area above ground: 3,348
Finished area below ground: 0

Property

Parking

Parking features: Common, 1 - 4 Spaces

Features

Levels: Multi/Split

Lot

Size: 6,534 Square Feet
Features: Near Town, Level

Details

Parcel number: RUMFM113L322
Zoning: Res

Construction

Type & style

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

Materials

Wood Frame, Vinyl Siding
Roof: Flat

Condition

Year built: 1923

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Newry

Financial & listing details

Price per square foot: $90/sqft
Tax assessed value: $113,800
Annual tax amount: $2,131
Date on market: 4/22/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/28/2026	Pending sale	$300,000$90/sqft
Source: Maine Listings #1652592 Report a problem
4/22/2026	Listed for sale	$300,000$90/sqft
Source: Maine Listings #1652592 Report a problem
3/24/2026	Pending sale	$300,000$90/sqft
Source: Maine Listings #1652592 Report a problem
2/24/2026	Listed for sale	$300,000$90/sqft
Source: Maine Listings #1652592 Report a problem
2/20/2026	Listing removed	$300,000$90/sqft
Source: Maine Listings #1647514 Report a problem
1/2/2026	Listed for sale	$300,000$90/sqft
Source: Maine Listings #1647514 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,891 +4.9%	$113,800 +40%
2023	$1,803 -16.8%	$81,300 -16.8%
2022	$2,167 -1.2%	$97,700
2021	$2,193 -0.7%	$97,700
2020	$2,208 +12.4%	$97,700 +51.6%
2019	$1,965 +2.5%	$64,440
2018	$1,917 +3.1%	$64,440
2017	$1,859 +3%	$64,440
2016	$1,804 +2%	$64,440
2015	$1,769 +1.8%	$64,440
2014	$1,737 +12.3%	$64,440
2013	$1,547 -1%	$64,440
2012	$1,563 +35.8%	$64,440 +26%
2011	$1,151	$51,160 -20.6%
2005	--	$64,440