323 Cumberland Street, Rumford, ME 04276
$410,000
Property Type:
Multi-Family
Baths:
8
Square Footage:
6,300
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$410,000
List Date:
6/20/2025
Last Modified:
12/15/2025
Description
This 8-unit multifamily is a value-add opportunity with real upside—2 units are currently vacant, giving investors a head start on repositioning and boosting rents.
The building offers a mix of layouts, solid structure, and separate electric. Located just minutes from downtown and major employers, the property sits in a high-demand rental market with limited inventory and strong tenant interest. Several long-term tenants provide consistent cash flow while you improve the remaining units.
Whether you're looking to renovate and raise rents, refinance, or hold for the long game, this property presents a compelling return profile at an approachable price point.
Supplements: ********
More Information MLS# 1627439
Location Information
Book: 5717
Leased Land: No
Page: 165-166
Map: 113
Lot: 254
Zoning Overlay: Unknown
Association: No
Tree Growth Y/N: No
Street #: 323
Street Name: Cumberland
Street Type: Street
County: Oxford
Town: Rumford
State/Province: ME
Zip Code: 04276
Zip +4: 1715
Zoning: Unk
Full Tax Amount $: 2623
Tax Year: 2024
Geo Lat: 44.552129
Geo Lon: -70.548286
Property Information
Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Number of Units: 8
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
2 Detached Houses on 1 Lot: No
Lot Size Acres +/-: 0.14
Total Baths: 8
Total Half Baths: 0
Road Frontage: Yes
Road Frontage +/-: 60
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 6300
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 1
Total Full Baths: 8
Year Built: 1920
SqFt Finished Total: 6300
Source of Acreage: Public Records
Levels
Multi-Level: 1
Site
Level: 1
Sidewalks: 1
Location
Intown: 1
Roads
Public: 1
Water Info
Water Frontage: No
Water View: No
Style
Other: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Exterior
Vinyl Siding: 1
Roof
Flat: 1
Heat System
Baseboard: 1
Hot Water: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 76128
Operating Expenses: 37385.59
Cooling
Window Unit(s): 1
Floors
Tile: 1
Vinyl: 1
Units
# of 1 BD Units: 4
# of 3 BD Units: 4
Parking
1 - 4 Spaces: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1500
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1194
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 900
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
No Gas: 1
Unit 4
Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1100
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Unit 6
Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 750
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 7
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 850
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 8
Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Driveway
Common: 1
Basement Entry
Interior: 1
Water Heater
Off Heating System: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 420000
List Price: $410,000
Current Price: $410,000
Property Features
Site: Level; Sidewalks
Location: Intown
Roads: Public
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Exterior: Vinyl Siding
Roof: Flat
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: Window Unit(s)
Floors: Tile; Vinyl
Driveway: Common
Parking: 1 - 4 Spaces
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
I/E ›
Listing Office:
Keller Williams Realty
IDX
Last Updated: December - 15 - 2025
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