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    93-99 Maine Ave Rumford, ME 04276

    For Sale
    $1,000,000

    MULTI_FAMILY - Rumford, ME

    Property size:
    11,448 SF
    Lot size:
    0.56 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 10:06 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 6, Bathroom 4, Bathroom 2, Bathroom 16, Bathroom 10, Bathroom 3, Bathroom 13, Bathroom 7, Bathroom 8, Bathroom 11, Basement, Bathroom 18, Bathroom 5, Bathroom 15, Bathroom 1, Bathroom 12, Bathroom 14, Bathroom 17, Bathroom 9
    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
    Wood, Tile, Vinyl
    Building materials
    Asbestos, Wood Frame
    Roof type
    Flat

    Keller Williams Realty (207) 879-9800 [email protected]

    Listing agent Tyler Stewart (207) 879-9800

    Listing date Oct 8, 2025

    MLS# 1638625 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 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.
    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

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    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.
    (207) 879-9800
    Request Owner's contact information
    93-99 Maine 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
    93-99 Maine Ave Rumford, ME 04276
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