Triplex with Updated Unit
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 Market87
Property Features for 551 Waldo Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Basement, Bathroom 3
Parking features
Off Street
Basement
Full, Unfinished
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
Oil, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Number of units
3
Flooring type
Wood, Laminate, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Brandon Burns
(774) 229-6915
Added: May 18
Changed: Aug 1
Last Checked: Aug 12 at 1:06AM
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 triplex at 551 Waldo Street is a wood-frame property with vinyl siding and a shingle roof, built in 1900. The building contains three units, including two two-bedroom units and one three-bedroom unit on the first floor. During the current ownership, all three units have been updated. Flooring includes wood, laminate, and vinyl.
The property provides off-street parking and is supported by public water and public sewer. Heating is oil-fired hot water with baseboard heat. Tenants pay their own electric, which can help simplify utility management for owners.
With a total size of 2,340 square feet and a lot size of 0.14 acres, this is a compact multi-family option well suited for a buyer looking to add a small residential income property with a clear unit mix.
The property provides off-street parking and is supported by public water and public sewer. Heating is oil-fired hot water with baseboard heat. Tenants pay their own electric, which can help simplify utility management for owners.
With a total size of 2,340 square feet and a lot size of 0.14 acres, this is a compact multi-family option well suited for a buyer looking to add a small residential income property with a clear unit mix.
Key Highlights
- Triplex with two two‑bedroom units and one three‑bedroom unit on the first floor
- All three units updated during current ownership
- Off‑street parking
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering two two-bedroom units and one three-bedroom unit with off-street parking and tenant-paid electricity.
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: Triplex with two two‑bedroom units and one three‑bedroom unit on the first floor; All three units updated during current ownership; Off‑street parking
