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    318 Waldo St Rumford, ME 04276

    Sponsored
    For Sale
    $420,000

    MULTI_FAMILY - Rumford, ME

    Property size:
    6,120 SF
    Lot size:
    0.14 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 8 at 3:06 am

    Property Features for 318 Waldo St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    Rooms
    Bathroom 4, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 6, Basement
    Parking features
    Driveway, Off Street
    Patio and Porch features
    Porch
    Basement
    Dirt Floor
    Size
    6,120 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    7
    Flooring type
    Wood, Vinyl, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Composition

    Keller Williams Realty (207) 879-9800 [email protected]

    Listing agent Tyler Stewart (207) 879-9800

    Listing date Jan 2, 2026

    MLS# 1647511 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.

    Overview

    Rumford Multifamily Investment Opportunity

    This fully occupied 7-unit multifamily property in Rumford, ME, offers immediate returns with strong in-place cash flow. The property features a unit mix of six 3-bedroom units and one 1-bedroom unit, designed to support consistent rental demand and operational efficiency. The building is currently operating at a 14% cap rate, providing attractive income. Lead abatement was completed in 2025. The property size is 6,120 square feet, situated on a 0.14-acre lot. This turnkey investment has proven performance and minimal deferred maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Oxford
    State
    Maine
    Longitude
    -70.548462
    Latitude
    44.551567

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 7-unit multifamily with strong cash flow.
    Where is this apartment building located?
    The property is located at 318 Waldo St Rumford, ME.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - High 14% Cap Rate: Provides strong in-place cash flow and immediate returns.; - Fully Occupied: Turnkey investment with proven performance and consistent rental income.; - Favorable Unit Mix: Consists of six (6) 3-bedroom units and one (1) 1-bedroom unit, supporting consistent rental demand.
    (207) 879-9800
    Request Owner's contact information
    318 Waldo St Rumford, ME 04276
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    Rumford, ME 04276
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    Realmo Value Estimation

    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.

    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.

    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
    318 Waldo St Rumford, ME 04276
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