Three-Unit Residential
For Sale
$199,900
131 Penobscot St, Rumford, ME 04276
Residential income property with two occupied apartments, one vacant upper unit, and municipal water and sewer service.
Property Size2,016 SF
Lot Size0.16 Acres
Price / SF$99.16
Days on Market16
Property Features for 131 Penobscot St
General Information
Standard status
Active
Size
2,016 SF
Lot size
0.16 Acres
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
former rear porch collapsed and was not rebuilt
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
(207) 885-0500
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 28 at 10:17AM
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 Signature Homes Real Estate Group
Investment Insights
Based on property information with market context.
This 1920 residential property is presently arranged as three apartments, with two units occupied and the upper apartment vacant. Public records report approximately 2,016 square feet, three bathrooms, and about 0.16 acres. The building has an oil-fired boiler, two approximately 275-gallon oil tanks, multiple electric water heaters, three laundry hookups, and four electrical panels. The upper unit has an exterior secondary exit and a bathroom sewage ejector and lift-pump system.
The property is connected to municipal water and public sewer. The main roof was reportedly replaced approximately five years ago, while the front porch roof has leakage and interior water staining; a possible issue with part of the newer main roof has also been observed. A former rear porch collapsed and was not rebuilt. The shared driveway is subject to reported neighboring use rights, and a sewer/plumbing line serving a rear neighboring property passes through the cellar. Legal three-unit status, utility metering, easements, leases, parking, systems, and condition require verification.
The property is connected to municipal water and public sewer. The main roof was reportedly replaced approximately five years ago, while the front porch roof has leakage and interior water staining; a possible issue with part of the newer main roof has also been observed. A former rear porch collapsed and was not rebuilt. The shared driveway is subject to reported neighboring use rights, and a sewer/plumbing line serving a rear neighboring property passes through the cellar. Legal three-unit status, utility metering, easements, leases, parking, systems, and condition require verification.
Key Highlights
- Three residential units presently configured, with 2 occupied apartments and 1 vacant upper unit
- Approximately 2,016 square feet, 3 bathrooms, and about 0.16 acres
- Built in 1920 with municipal water and public sewer
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
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 - Residential income property with two occupied apartments, one vacant upper unit, and municipal water and sewer service.
Where is this triplex located?
The property is located at 131 Penobscot St Rumford, ME.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three residential units presently configured, with 2 occupied apartments and 1 vacant upper unit; Approximately 2,016 square feet, 3 bathrooms, and about 0.16 acres; Built in 1920 with municipal water and public sewer
