93-99 & 98 Maine Avenue, Rumford, ME 04276

$1,000,000
Property Type: Multi-Family Baths: 18 Square Footage: 11,448 Lot Size (sq. ft.): 24,394 Status: Active
Current Price: $1,000,000 List Date: 9/23/2025 Last Modified: 12/15/2025

Description

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 6 one-bedrooms, 6 two-bedrooms, and 6 three-bedrooms. With just two vacancies, the properties are currently producing a 9.65% cap rate, with projected upside exceeding 14% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.

Supplements: ********

More Information MLS# 1638625

Location Information

Book: 5520/5628 Leased Land: No Page: 975/29 Map: 117 Lot: 159 & 159 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 93-99 & 98 Street Name: Maine Street Type: Avenue County: Oxford Town: Rumford State/Province: ME Zip Code: 04276 Zip +4: 1983 Zoning: Residential Full Tax Amount $: 6611.44 Tax Year: 2025 Geo Lat: 44.548486 Geo Lon: -70.551033

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 18 Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 0.56 Total Baths: 18 Total Half Baths: 0 SqFt Finished Above Grade: 11448 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Total Full Baths: 18 Year Built: 1920 SqFt Finished Total: 11448 Source of Acreage: Public Records

Levels

Multi-Level: 1

Site

Level: 1

Location

Near Town: 1

Roads

Public: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Wood Frame: 1

Basement

Full: 1

Exterior

Asbestos: 1

Roof

Flat: 1

Heat System

Baseboard: 1

Heat Fuel

Oil: 1 Propane: 1

Income & Expenses

Gross Income: 185376 Operating Expenses: 88910.22

Cooling

None: 1

Floors

Tile: 1 Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 6 # of 2 BD Units: 6 # of 3 BD Units: 6

Parking

5 - 10 Spaces: 1

Unit 1

Lease: Yes Level: First 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

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 0 # 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: Yes Level: Second Security Deposit: Yes Monthly Rent: 1585 # 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

Bottled: 1

Unit 4

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 935 # 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: 1452 # 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

Water

Public: 1

Unit 6

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 852 # 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 7

Lease: No Level: Basement Security Deposit: Yes Monthly Rent: 820 # 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: Yes Level: Basement Security Deposit: Yes Monthly Rent: 902 # 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 9

Lease: No Level: First Security Deposit: Yes Monthly Rent: 900 # 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 10

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 950 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 11

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 12

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1018 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 13

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1148 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 14

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 700 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 15

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 794 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 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 16

Lease: No Level: First Security Deposit: Yes Monthly Rent: 892 # 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 17

Lease: No Level: Second 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 18

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: 1000000 List Price: $1,000,000 Current Price: $1,000,000

Property Features

Site: Level Location: Near Town Roads: Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full Basement Entry: Interior Exterior: Asbestos Roof: Flat Heat System: Baseboard Heat Fuel: Oil; Propane Water Heater: Off Heating System Cooling: None Floors: Tile; Vinyl; Wood Driveway: Common Parking: 5 - 10 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Listing Office: Keller Williams Realty
IDX
Last Updated: December - 15 - 2025
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