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    429 Penobscot St Rumford, ME 04276

    For Sale
    $125,000

    MULTI_FAMILY - Other - Rumford, ME

    Property size:
    2,012 SF
    Lot size:
    0.14 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 429 Penobscot St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Basement, Bathroom 2
    Basement
    Unfinished
    Size
    2,012 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    2
    Flooring type
    Wood, Tile, Vinyl
    Building materials
    Asbestos, Wood Frame
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent Tyler Stewart (207) 879-9800

    Listing date Oct 8, 2025

    MLS# 1638872 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 Duplex: Investment Opportunity

    This fully occupied duplex in Rumford features two 2-bedroom units. The property, situated on a 0.14-acre lot, offers a total building size of 2012 square feet. Currently operating as a residential income property, it produces a 10.5% cap rate. This turnkey property provides consistent cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -70.554836
    Latitude
    44.552579

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    FAQs

    What type of property is this?
    Duplex - Fully occupied Rumford duplex generating strong rental income.
    Where is this duplex located?
    The property is located at 429 Penobscot St Rumford, ME.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - High Cap Rate: Property generates a 10.5% cap rate, indicating strong investment potential.; - Turnkey Investment: Ready for immediate cash flow with no required renovations or improvements.; - Fully Occupied: Both units are currently rented, ensuring immediate income for the buyer.
    (207) 879-9800
    Request Owner's contact information
    429 Penobscot 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
    429 Penobscot St Rumford, ME 04276
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