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Updated Three-Unit Triplex
New
For Sale
$285,000

232 Franklin Street, Rumford, ME 04276

Three spacious apartments, a detached three-bay garage, and a yard support tenant parking, storage, and outdoor use.

Property Size3,654 SF
Price / SF$77
Days on Market7

Property Features for 232 Franklin Street

General Information

Standard status Active
Size 3,654 SF
Total Parking Spaces 3
Property subtype Multi-family

Building Details

Year Built 1915
Tenancy Multi
Listing Agency: Cassie Mason Real Estate
Listed By: Lindsay Gagnon
Source: Profoundrealestate
Added: Jul 26 Changed: Jul 31 Last Checked: Aug 1 at 2:19AM

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 Cassie Mason Real Estate

Investment Insights

Based on property information with market context.

This triplex includes three 3-bedroom apartments totaling 3,654 square feet, with many updates already completed. Built in 1915, the property offers a three-unit configuration suited to multifamily ownership and includes a detached three-bay garage for off-street parking, storage, or other supported rental use.

The property also includes a yard that provides outdoor space for tenants or owners. Its apartment layout, garage, and updated condition support both investment ownership and the option to occupy one unit while renting the others.

Key Highlights

  • Three 3‑bedroom apartments totaling 3,654 square feet
  • Detached 3‑bay garage provides off‑street parking and storage
  • Many updates already completed

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Parking Lot & Garage Auto Parts Store Locksmith

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

441
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three spacious apartments, a detached three-bay garage, and a yard support tenant parking, storage, and outdoor use.
Where is this triplex located?
The property is located at 232 Franklin Street Rumford, ME.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three 3‑bedroom apartments totaling 3,654 square feet; Detached 3‑bay garage provides off‑street parking and storage; Many updates already completed
More about this property
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