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  • $110,000

    624 (622) Prospect Avenue, Rumford, ME 04276

    7beds
    2,660sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $113,700 Zestimate®
    $41/sqft
    $1,340 Estimated rent

    Home value

    $113,700

    Estimated sales range

    Not available

    $1,340/mo

    Zestimate® history
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    $1,340/mo

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    $1,340/mo

    Rent Zestimate®

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    $565/mo

    Est. payment

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    $565/mo

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    What's special

    -New roof 2022 -New boiler 2022 -New chimney liner 2022 -New oil tank 2022 Unlock the potential of this spacious multi-unit property located in the heart of Rumford. This 7-bedroom, 2-bathroom, 2660sq ft building is ready for the right investor to bring it back to life. Additional parking area owned off Luxton Ave. Property Highlights: Unit 1: Features 3 bedrooms, offering excellent rental income potential. Unit 2: Includes 4 bedrooms, perfect for a family or roommates. One bathroom is handicap accessible, increasing the building's appeal to a wider tenant base. Prime opportunity for a value-add rehab project to maximize ROI. Why Invest Here? This property is ideal for seasoned investors or those ready to jump into the lucrative world of real estate. With some TLC and updates, this building can become a high-yield rental property in a growing rental market. Rumford offers a blend of charm, community, and outdoor recreation, attracting tenants and buyers alike. 💰 Don't miss out! Contact us today for more details or to schedule a showing. Let's turn this diamond in the rough into a gem that generates lasting returns!

    Zillow last checked:

    Listing updated:

    Listed by:

    EXP Realty

    Bought with:

    Dan Anderson Real Estate, Inc.

    Source: Maine Listings,MLS#: 1612374MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Attic, Bathtub
    • Flooring: Carpet, Wood
    • Basement: Interior Entry,Full,Unfinished
    Interior area
    • Total structure area: 2,660
    • Total interior livable area: 2,660 sqft
    • Finished area above ground: 2,660
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 5 - 10 Spaces, Off Site, On Site
    Accessibility
    • Accessibility features: Roll-in Shower
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Porch
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.26 Acres
    • Features: Neighborhood, Rolling Slope
    Details
    • Zoning: Res

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Other, Asbestos, Clapboard
    • Foundation: Block, Stone
    • Roof: Shingle
    Condition
    • Year built: 1900

    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: $41/sqft
    • Annual tax amount: $2,719
    • Date on market: 1/12/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/1/2025Pending sale$129,500+17.7%$49/sqft
    Source: Maine Listings #1612374 Report a problem
    4/30/2025Sold$110,000-15.1%$41/sqft
    Source: Maine Listings #1612374 Report a problem
    3/6/2025Contingent$129,500$49/sqft
    Source: Maine Listings #1612374 Report a problem
    2/8/2025Price change$129,500-13.4%$49/sqft
    Source: Maine Listings #1612374 Report a problem
    1/12/2025Listed for sale$149,500$56/sqft
    Source: Maine Listings #1612374 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04276

    Nearby schools

    GreatSchools rating
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