Your AI Navigator in Commercial Real Estate
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

    323 Cumberland St Rumford, ME 04276

    For Sale
    $410,000

    MULTI_FAMILY - Rumford, ME

    Property size:
    6,300 SF
    Lot size:
    0.14 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 323 Cumberland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Unk
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 8, Basement, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6
    Basement
    Full, Unfinished
    Size
    6,300 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    8
    Flooring type
    Vinyl, Tile
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Flat

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

    Listing agent Tyler Stewart (207) 879-9800

    Listing date Oct 20, 2025

    MLS# 1627439 Listing URL

    Copyright © 2025 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 8-unit multifamily property in Rumford, Maine, presents a value-add opportunity. The building, with a solid structure and separate electric, includes a mix of layouts. It is situated minutes from downtown and major employers, in a high-demand rental market with limited inventory and strong tenant interest. The property size is 6,300 square feet, situated on a 0.14-acre lot. Two units are currently vacant. Several long-term tenants provide consistent cash flow. This property is located at 323 Cumberland Street, Rumford, ME 04276.
    Property Profile 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
    -70.548059
    Latitude
    44.55223

    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
    • New
      $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
    • $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
    • $5,250,000
      74,154 SF

      Spacious Commercial Property on Route 2

      74,000+ sq ft commercial space on 16.69 acres in Rumford.
      1180 Route 2, 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
    • $340,000
      4,680 SF

      Rumford Multifamily Investment Opportunity

      Six-unit multifamily property with significant cash flow potential.
      325 Cumberland St, Rumford, ME 04276
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property with value-add potential in high-demand rental market.
    Where is this apartment building located?
    The property is located at 323 Cumberland St Rumford, ME.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: - High-demand rental market with limited inventory.; - **Value-add opportunity with 2 vacant units ready for repositioning and rent increases.**; - Minutes from downtown and major employers.
    (207) 879-9800
    Request Owner's contact information
    323 Cumberland St 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.
    323 Cumberland St
    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 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
    323 Cumberland St 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.