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Triplex with Adjacent Lot
For Sale
$213,900

123/127 Washington Street, Rumford, ME 04276

Three rental residences are served by updated heating and cooling equipment and interior improvements.

Property Size1,440 SF
Price / SF$148.54
Days on Market114

Property Features for 123/127 Washington Street

General Information

Standard status Active
Size 1,440 SF
Property subtype MULTI_FAMILY

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,133

Building Details

Building Size 1,440 SF
Year Built 1905
Buildings 1
Listing Agency: Coldwell Banker Sandy River Realty
Listed By: Charlotte Lane
Source: Hoangrealty
Added: Jul 8 Changed: Oct 27 Last Checked: Oct 26 at 3:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Sandy River Realty

Rey
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Investment Insights

Based on property information with market context.

This 1,440-square-foot triplex at 123/127 Washington Street dates to 1905 and contains three rental units. Five heat pumps, installed in 2023, provide heating and cooling. Improvements include second-floor renovations, painted cabinets in two units, and flooring replaced in all three units within the past five years.

An adjoining 0.09-acre lot is limited to off-street parking or green space; construction is not permitted. The Washington Street properties may be acquired individually or packaged with two other investment properties.

Key Highlights

  • Three rental units in a 1,440‑square‑foot building
  • Five heat pumps installed in 2023
  • Second‑floor renovations; painted cabinets in two units

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

409
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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three rental residences are served by updated heating and cooling equipment and interior improvements.
Where is this triplex located?
The property is located at 123/127 Washington Street Rumford, ME.
What is the asking price?
The asking price for this property is $213,900.
What are key features of this property?
This property features: Three rental units in a 1,440‑square‑foot building; Five heat pumps installed in 2023; Second‑floor renovations; painted cabinets in two units
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