Six-Unit Apartment
For Sale
$300,000
325 Cumberland Street, Rumford, ME 04276
Six-unit multifamily with 50% vacancy, all units rent-ready, and separate electric for straightforward management.
Property Size4,680 SF
Price / SF$64.10
Days on Market222
Property Features for 325 Cumberland Street
General Information
Standard status
Active
Size
4,680 SF
Property subtype
Multi-Family
Zoning
Unk
Occupancy
50%
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$2,611
Amenities
Electric, Oil, Baseboard
Interior Entry, Full, Unfinished
Tile, Vinyl
No
Yes
6
6.0
Flat
Concrete
Vinyl Siding
Building Details
Year Built
1925
Listing Agency:
Elevate Maine Realty
(207) 213-7644
Listed By:
Tyler Stewart · License #BA927955
(207) 213-7644
Source:
Compass
Added: Jan 1
Changed: Aug 11
Last Checked: Aug 11 at 10:24AM
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 six-unit multifamily property offers a functional unit layout and separate electric, supporting straightforward day-to-day management. According to the current information, the building is approximately 50% vacant, with all units identified as rent-ready for immediate occupancy.
The asset is located at 325 Cumberland Street in Rumford, ME 04276. A defined stabilization path is presented in the provided remarks, including a projected stabilized cap rate over 18% once fully leased. Financials are available upon request.
The asset is located at 325 Cumberland Street in Rumford, ME 04276. A defined stabilization path is presented in the provided remarks, including a projected stabilized cap rate over 18% once fully leased. Financials are available upon request.
Key Highlights
- Six‑unit multifamily currently 50% vacant, with all units described as rent‑ready
- Separate electric setup for the units, supporting straightforward property management
- Functional layout with interior full unfinished basement and flat roof
Property Analytics
Current Use
Lease Details
6
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
495
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 - Six-unit multifamily with 50% vacancy, all units rent-ready, and separate electric for straightforward management.
Where is this apartment building located?
The property is located at 325 Cumberland Street Rumford, ME.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Six‑unit multifamily currently 50% vacant, with all units described as rent‑ready; Separate electric setup for the units, supporting straightforward property management; Functional layout with interior full unfinished basement and flat roof
