Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.
Pending
$1,000,000
93-99 & 98 Maine Avenue, Rumford, ME 04276
36beds
11,448sqft
:
Get pre-qualified$6,779/mo
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
Two new boilers
- 167 days |
- 4 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1652654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 18
- Full bathrooms: 18
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Tile, Vinyl, Wood
- Basement: Interior Entry,Full
Interior area
- Total structure area: 11,448
- Total interior livable area: 11,448 sqft
- Finished area above ground: 11,448
- Finished area below ground: 0
Property
Parking
- Parking features: Common, 5 - 10 Spaces
Features
- Levels: Multi/Split
Lot
- Size: 0.56 Acres
- Features: Near Town, Level
Details
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Asbestos
- 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: $87/sqft
- Annual tax amount: $6,611
- 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 | $1,000,000$87/sqft |
Source:  Maine Listings #1652654 Report a problem | ||
| 4/22/2026 | Listed for sale | $1,000,000$87/sqft |
Source: Maine Listings #1652654 Report a problem | ||
| 3/24/2026 | Pending sale | $1,000,000$87/sqft |
Source: Maine Listings #1652654 Report a problem | ||
| 2/25/2026 | Listed for sale | $1,000,000$87/sqft |
Source: Maine Listings #1652654 Report a problem | ||
| 2/20/2026 | Listing removed | $1,000,000$87/sqft |
Source: Maine Listings #1638625 Report a problem | ||
| 9/23/2025 | Listed for sale | $1,000,000$87/sqft |
Source: Maine Listings #1638625 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
- NAMountain Valley Community SchoolGrades: PK-8Distance: 1.4 mi
- 3/10Mountain Valley High SchoolGrades: 9-12Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
