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93-99 Maine Ave Rumford, ME 04276

Sponsored
For Sale
$1,000,000

MULTI_FAMILY - Rumford, ME

Property size:
11,448 SF
Lot size:
0.56 Acres
Days on Market:
29
Last Refresh:
Jan 30 at 3:06 am

Property Features for 93-99 Maine Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Zoning
Residential
Rooms
Bathroom 17, Bathroom 7, Bathroom 13, Basement, Bathroom 9, Bathroom 5, Bathroom 6, Bathroom 15, Bathroom 4, Bathroom 10, Bathroom 12, Bathroom 1, Bathroom 2, Bathroom 8, Bathroom 3, Bathroom 14, Bathroom 11, Bathroom 16, Bathroom 18
Basement
Full
Size
11,448 SF
Lot size
0.56 Acres

Utilities

Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public

Building Details

Year built
1920
Number of units
18
Flooring type
Vinyl, Tile, Wood
Building materials
Asbestos, Wood Frame
Roof type
Flat

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Listing Contact
Tyler Stewart

Keller Williams Realty (207) 879-9800

Listing agent Tyler Stewart (207) 879-9800

Listing date Jan 2, 2026

MLS# 1638625 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.

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Property Insight Report

Overview

Rumford Multifamily Investment Opportunity

This investment package features a total of 18 units across two properties situated directly across the street from each other in Rumford. The portfolio consists of a 12-unit building at 93-99 Maine Avenue and a 6-unit building at 98 Maine Avenue. The unit mix includes six one-bedroom, six two-bedroom, and six three-bedroom apartments. The properties, with only two vacancies, currently produce a 9.65% capitalization rate. Projected upside exceeds 14% through rent increases and value-add improvements. The combined property size is 11,448 square feet, situated on a 0.56-acre lot. This turnkey opportunity offers immediate cash flow and exceptional long-term growth potential. The properties are zoned for residential use.
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
-70.5511984
Latitude
44.5486155

FAQs

What type of property is this?
Apartment building - Two-property, 18-unit multifamily investment with immediate cash flow potential.
Where is this apartment building located?
The property is located at 93-99 Maine Ave Rumford, ME.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: - High Cap Rate: Currently producing a 9.65% cap rate, indicating strong immediate cash flow.; - Significant Upside Potential: Projected cap rate exceeding 14% through rent increases and value-add improvements.; - Turnkey Investment: Ready for immediate cash flow with minimal initial effort.
More about this property
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