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Multifamily Property Requiring Demolition
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605 Waldo St, Rumford, ME 04276

The existing structure is offered as-is and must be removed within six months after purchase.

Property Size1,506 SF
Price / SF$11.22
Days on Market18

Property Features for 605 Waldo St

General Information

Standard status Active
Size 1,506 SF
Property subtype Multi-Family

Property Condition

Severity Teardown
Evidence Property will need to be demolished

Building Details

Year Built 1935
Listing Agency: Hebert Realty Group
Listed By: Charlotte Davis, John Davis
Source: Soldbymichaelthomas
Added: Aug 12 Changed: Aug 28 Last Checked: Aug 28 at 2:57PM

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 Hebert Realty Group

Investment Insights

Based on property information with market context.

This multifamily property includes a 1,506-square-foot structure built in 1935. The building is being conveyed in its current as-is condition and is designated for demolition within six months after purchase.

Located at 605 Waldo St in Rumford, Maine, the property is not open for entry. Offers must acknowledge the required demolition timeline, and the transaction is limited to cash buyers because financing will not qualify.

Key Highlights

  • 1,506‑square‑foot multifamily structure
  • Built in 1935
  • Demolition required within 6 months of purchase

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Law Firm HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

295
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - The existing structure is offered as-is and must be removed within six months after purchase.
Where is this multifamily property located?
The property is located at 605 Waldo St Rumford, ME.
What are key features of this property?
This property features: 1,506‑square‑foot multifamily structure; Built in 1935; Demolition required within 6 months of purchase
More about this property
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