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Three-Unit Apartment Property
For Sale
$213,900

123/127 Washington Street, Rumford, ME 04276

Multi-Family, Rumford, ME

Property Size1,440 SF
Lot Size0.20 Acres
Price / SF$148.54
Days on Market36

Property Features for 123/127 Washington Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning residential
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 1, Basement, Bathroom 2
Parking features None
Patio and Porch features Porch
Basement Sump Pump, Dirt Floor, Full
Lot features Near Country Club, Rolling/ Sloping, Open, Sidewalks, Intown, Near Golf Course, Near Shopping, Neighborhood
Standard status Active
Size 1,440 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2133

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Zoned, Oil, Electric (Heating), Heat Pump (Heating)
Cooling system Heat Pump
Water source Public

Building Details

Year built 1905
Floors in Building 3
Number of units 3
Flooring type Wood, Laminate, Tile, Vinyl
Building materials Wood Frame, Aluminum Siding
Roof type Metal
Listing Agency: Coldwell Banker Sandy River Realty · Coldwell Banker Real Estate
Listed By: Charlotte Lane
Added: Jul 20 Changed: Aug 21 Last Checked: Aug 24 at 2:06PM
MLS# 1670826

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 1905 wood-frame apartment building contains three rental units and 1,440 square feet. Interior improvements include second-floor renovations, refreshed cabinets in two units, and new flooring throughout all three units within the past five years. Five heat pumps were installed in 2023, providing heating and cooling, while additional systems include hot water, electric, oil, and zoned heating.

An adjoining 0.09-acre lot accompanies the building and is restricted to off-street parking or green space; no structures are permitted. The property has a porch, metal roofing, aluminum siding, public water, and public sewer. The buildings are located at 123 and 127 Washington Street in Rumford, Maine, and may be purchased individually or packaged with four other investment properties.

Key Highlights

  • Three rental units in a 1,440‑square‑foot apartment building
  • Five heat pumps installed in 2023 provide heating and cooling
  • Second‑floor renovations completed; cabinets refreshed in two units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby

Demographics for 04276, ME

5,858
Population
3,584
Households
1.6
Avg Household Size
48
Median Age
19%
College-Educated
90%
High-School Grad
68.6 sq mi
ZIP Area
85
Density / Sq Mi
$39,522
Median Household Income
$31,654
Median Earnings
$638
Median Rent
$119,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three rental units are paired with an adjoining lot designated for parking or green space.
Where is this triplex located?
The property is located at 123/127 Washington Street Rumford, ME.
What is the asking price?
The asking price for this property is $213,900.
What are key features of this property?
This property features: Three rental units in a 1,440‑square‑foot apartment building; Five heat pumps installed in 2023 provide heating and cooling; Second‑floor renovations completed; cabinets refreshed in two units
More about this property
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