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

    688 Prospect Ave Rumford, ME 04276

    For Sale
    $150,000

    MULTI_FAMILY - Other - Rumford, ME

    Property size:
    1,685 SF
    Lot size:
    0.18 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 688 Prospect Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Basement
    Unfinished
    Size
    1,685 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    2
    Flooring type
    Vinyl, Wood, Tile
    Building materials
    Vinyl Siding, 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# 1638867 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 with Income Potential

    This fully occupied duplex is located in Rumford, Maine. The property, situated on a 0.18-acre lot, features a 1,685 square feet building. Both units are currently leased, providing a reliable income stream. The existing rents are below market value, presenting a clear opportunity for investors to increase revenue by adjusting rents to market rates. The property is zoned for residential use, making it suitable as a residential income property and an investment property, offering long-term growth potential for investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Bar & Pub Convenience Store Bakery Travel Agency Bed & Breakfast Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Oxford
    State
    Maine
    Longitude
    -70.545275
    Latitude
    44.529109

    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?
    Duplex - Fully occupied duplex in Rumford with below-market rents.
    Where is this duplex located?
    The property is located at 688 Prospect Ave Rumford, ME.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Fully occupied duplex provides immediate, reliable income stream.; - Below-market rents offer significant upside potential for increased revenue.; - Stable tenancy ensures consistent cash flow.
    (207) 879-9800
    Request Owner's contact information
    688 Prospect Ave 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.
    688 Prospect Ave
    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
    688 Prospect Ave 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.