Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    154 Essex Ave Rumford, ME 04276

    Sponsored
    For Sale
    $225,000

    MULTI_FAMILY - Dutch Colonial - Rumford, ME

    Property size:
    3,564 SF
    Lot size:
    0.12 Acres
    Days on Market:
    36
    Last Refresh:
    Feb 6 at 6:06 am

    Property Features for 154 Essex Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2
    Basement
    Walk-Out Access, Full, Sump Pump
    Size
    3,564 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1923
    Number of units
    4
    Flooring type
    Tile, Wood, Vinyl
    Building materials
    Asbestos, Wood Frame
    Roof type
    Shingle
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Tyler Stewart

    Keller Williams Realty (207) 879-9800

    Listing agent Tyler Stewart (207) 879-9800

    Listing date Jan 2, 2026

    MLS# 1638570 Listing URL

    Copyright © 2026 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rumford Colonial Multifamily Property

    This multifamily property is located in Rumford, Maine. The property, zoned for residential use, includes 3,564 square feet of space on a 0.12-acre lot. This property is classified as a quadplex and residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Oxford
    State
    Maine
    Longitude
    -70.556715
    Latitude
    44.550826

    Nearby Similar for Sale

    • $2,225,000
      31,818 SF

      Rumford Multifamily Investment Opportunity

      Seven-building, 40-unit portfolio in Rumford, Maine, with immediate cash flow.
      7 Various Addresses, Rumford, ME 04276
      View Details
    • $150,000
      4,422 SF

      Rumford Historic Church For Sale

      Historic church with original features and repurposing potential.
      112 Washington St, Rumford, ME 04276
      View Details
    • $99,900
      1,580 SF

      Rumford Two-Unit Investment Opportunity

      Spacious two-unit property in Rumford, ready for renovation.
      165 Oxford Ave, Rumford, ME 04276
      View Details
    • New
      $499,900
      6,812 SF

      Rumford Commercial Property with Upgrades

      6,800 sq ft commercial space with recent upgrades, ready for operation.
      184 Route 108, Rumford, ME 04276
      View Details
    • $399,000
      7,157 SF

      Versatile Commercial Building in Rumford

      7,157 sq ft commercial building on 0.69 acres in Rumford.
      70 Essex Ave, Rumford, ME 04276
      View Details
    • $198,000
      2,348 SF

      Renovated Two-Unit Home with Garage

      Two-unit property with modern updates, garage, and outdoor amenities.
      234 Knox St, Rumford, ME 04276
      View Details
    • $199,000
      7,500 SF

      Downtown Rumford Commercial Building

      Versatile 7,500 SF building in the heart of Rumford.
      102 Congress St, Rumford, ME 04276
      View Details
    • $1,225,000
      16,281 SF

      Turnkey Investment Portfolio in Rumford

      22 units across 4 buildings, strong cash flow potential.
      413-425 Cumberland St, Rumford, ME 04276
      View Details
    • $200,000
      1,428 SF

      Commercial Space on Route 2

      Commercial building on a corner lot with high visibility.
      352 Hancock St, Rumford, ME 04276
      View Details
    • $199,000
      2,340 SF

      Updated Three-Family Property in Rumford

      Updated three-family property near shopping with off-street parking.
      551 Waldo St, Rumford, ME 04276
      View Details
    • $165,000
      1,650 SF

      Rumford Two-Family Home For Sale

      Two-unit residential property with off-street parking and garage.
      129 Washington St, Rumford, ME 04276
      View Details
    • $180,000
      3,648 SF

      Rumford Multifamily Investment Opportunity

      Well-maintained 3-unit property with strong rental demand.
      313 Waldo St, Rumford, ME 04276
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multifamily property in Rumford, Maine, suitable for residential income.
    Where is this quadplex located?
    The property is located at 154 Essex Ave Rumford, ME.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Public water and sewer connections available.; - Colonial architectural style adds timeless elegance.; - Features wood, vinyl, and tile flooring throughout.
    (207) 213-7644
    Request Owner's contact information
    154 Essex Ave Rumford, ME 04276
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    154 Essex Ave
    Rumford, ME 04276
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    154 Essex Ave Rumford, ME 04276
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Stewart
    (207) 213-7644
    Learn more
    Google sign-in failed. Please try again or use another login method.