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    48 Essex Ave Rumford, ME 04276

    Sponsored
    For Sale
    $300,000

    MULTI_FAMILY - Rumford, ME

    Property size:
    3,348 SF
    Lot size:
    0.15 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 8 at 2:06 am

    Property Features for 48 Essex Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    Rooms
    Basement, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 2
    Basement
    Unfinished, Full
    Size
    3,348 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1923
    Number of units
    5
    Flooring type
    Tile, Wood, Vinyl
    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 Jan 2, 2026

    MLS# 1647514 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 5-unit multifamily property in Rumford, ME, presents a strong investment opportunity with in-place income and attractive returns. The property is currently operating at an approximate 11.6% cap rate, providing solid cash flow. Recent capital improvements include upgraded electrical with full knob-and-tube removal and a heating system installed in 2022. The flat roof is estimated to be 5-10 years old. The property has a lot size of 0.15 acres and a building size of 3,348 square feet. This well-maintained investment property offers proven performance and strong fundamentals.
    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 Building Supply Clothing Store 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
    -70.547281
    Latitude
    44.553827

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-unit multifamily with strong income and attractive returns.
    Where is this apartment building located?
    The property is located at 48 Essex Ave Rumford, ME.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Strong in-place income with an approximate 11.6% cap rate.; - Turnkey investment with proven performance.; - Upgraded electrical system with full knob-and-tube removal.
    (207) 879-9800
    Request Owner's contact information
    48 Essex Ave 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
    48 Essex Ave Rumford, ME 04276
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