Six-Unit Apartment
For Sale
$360,000
25 Falmouth Street, Rumford, ME 04276
Fully occupied apartment property with updated electrical systems and recent improvements to key building components.
Property Size5,070 SF
Price / SF$71.01
Days on Market199
Property Features for 25 Falmouth Street
General Information
Standard status
Active
Size
5,070 SF
Property subtype
Multi-Family
Zoning
Res
Occupancy
100%
Units
Unit Mix
6 x 3BR
Multifamily Units
6
Additional Details
Cap Rate
11.5%
Taxes and HOA fees
Annual Taxes
$2,789
Amenities
Hot Water, Baseboard
Interior, Unfinished
Wood, Vinyl, Tile
No
Yes
6.00
6
Flat
Vinyl Siding, Wood Frame
Building Details
Year Built
1923
Units
6
Listing Agency:
Elevate Maine Realty
(207) 213-7644
Listed By:
Tyler Stewart · License #BA927955
(207) 213-7644
Source:
Compass
Added: Feb 13
Changed: Aug 30
Last Checked: Aug 30 at 4:29PM
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 Elevate Maine Realty
Investment Insights
Based on property information with market context.
This 1923 apartment building contains six residential units, each configured with three bedrooms, within approximately 5070 square feet. The property is fully occupied and includes baseboard heating, wood, vinyl, and tile finishes, along with unfinished interior space. Electrical work removed all knob-and-tube wiring, and the building also has a newer water heater and a flat roof installed approximately five years ago.
Located at 25 Falmouth Street in Rumford, Maine, the property is zoned Res. Operations reflect an 11.5% cap rate, while rents are identified as below market. The six-unit configuration provides a straightforward multifamily layout with recent work completed on several important building systems.
Located at 25 Falmouth Street in Rumford, Maine, the property is zoned Res. Operations reflect an 11.5% cap rate, while rents are identified as below market. The six-unit configuration provides a straightforward multifamily layout with recent work completed on several important building systems.
Key Highlights
- Six‑unit apartment building with six 3‑bedroom apartments
- 5070 SF property built in 1923
- Fully occupied with an 11.5% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
433
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?
Apartment building - Fully occupied apartment property with updated electrical systems and recent improvements to key building components.
Where is this apartment building located?
The property is located at 25 Falmouth Street Rumford, ME.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Six‑unit apartment building with six 3‑bedroom apartments; 5070 SF property built in 1923; Fully occupied with an 11.5% cap rate
