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Updated Triplex Property
For Sale
$199,000

551 Waldo Street, Rumford, ME 04276

Multi-Family, Rumford, ME

Property Size2,340 SF
Lot Size0.14 Acres
Price / SF$85.04
Days on Market132

Property Features for 551 Waldo Street

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking features Off Street
Basement Unfinished, Full
Lot features Open, Level, Intown, Near Shopping, Neighborhood
Standard status Active
Size 2,340 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1685

Utilities

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

Building Details

Year built 1900
Number of units 3
Flooring type Laminate, Vinyl, Wood
Building materials Wood Frame, Vinyl Siding
Roof type Shingle
Listing Agency: Keller Williams Realty
Listed By: Brandon Burns
Added: May 18 Changed: Sep 12 Last Checked: Sep 26 at 5:06PM
MLS# 1643957

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,340-square-foot triplex contains three residential units: two two-bedroom apartments and one three-bedroom apartment located on the first floor. Each unit was updated during the current ownership period. Interior finishes include laminate, wood, and vinyl flooring, while baseboard oil-fired hot-water heat serves the property. The building has a wood-frame structure with vinyl siding, a shingle roof, and a basement.

Situated at 551 Waldo Street in Rumford, the property occupies 0.14 acres and includes off-street parking. Public water and public sewer serve the building. Tenants pay their own electric service, providing a defined utility arrangement. Built in 1900, the property offers a three-unit configuration in Oxford County.

Key Highlights

  • Three‑unit triplex with 2 two‑bedroom units and 1 three‑bedroom unit
  • 2,340 square feet on 0.14 acres
  • All 3 units updated during current ownership

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Law Firm HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby

Demographics for 04276, ME

5,858
Population
3,584
Households
1.6
Avg Household Size
48
Median Age
19%
College-Educated
90%
High-School Grad
68.6 sq mi
ZIP Area
85
Density / Sq Mi
$39,522
Median Household Income
$31,654
Median Earnings
$638
Median Rent
$119,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include two two-bedroom layouts and one three-bedroom layout.
Where is this triplex located?
The property is located at 551 Waldo Street Rumford, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit triplex with 2 two‑bedroom units and 1 three‑bedroom unit; 2,340 square feet on 0.14 acres; All 3 units updated during current ownership
More about this property
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