18-Unit Apartment Building
For Sale
$1,080,000
Pending
419-425 Cumberland Street, Rumford, ME 04276
Three stabilized apartment buildings offer a mix of two- and three-bedroom residences in a single acquisition.
Property Size12,798 SF
Days on Market190
Property Features for 419-425 Cumberland Street
General Information
Standard status
Pending
Size
12,798 SF
Property subtype
Multi-Family
Zoning
Residential
Financials
Cap Rate
11%
Opportunity Zone
Yes
Units
Unit Mix
15 x 2BR, 3 x 3BR
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$2,617
Amenities
Oil, Baseboard
Interior Entry, Unfinished
Tile, Vinyl, Wood
No
Yes
18
18.0
Flat
Common
Vinyl Siding
Building Details
Year Built
1923
Buildings
3
Listing Agency:
Elevate Maine Realty
(207) 213-7644
Listed By:
Tyler Stewart · License #BA927955
(207) 213-7644
Source:
Compass
Added: Feb 23
Changed: Aug 31
Last Checked: Aug 31 at 12:37AM
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 multifamily portfolio includes three stabilized buildings with six apartments each, totaling 18 units and 12,798 square feet. The unit mix comprises 15 two-bedroom apartments and 3 three-bedroom apartments, with one vacancy reported. Constructed in 1923, the buildings feature vinyl siding, wood-frame construction, flat roofs, and baseboard heating. Residential zoning applies to the property.
The buildings are located at 419, 421, and 425 Cumberland Street in Rumford, Maine, and are within a federally designated Opportunity Zone. In-place operations include an 11% cap rate, providing a defined financial metric for evaluating the portfolio alongside its established apartment configuration.
The buildings are located at 419, 421, and 425 Cumberland Street in Rumford, Maine, and are within a federally designated Opportunity Zone. In-place operations include an 11% cap rate, providing a defined financial metric for evaluating the portfolio alongside its established apartment configuration.
Key Highlights
- 18‑unit portfolio across three 6‑unit apartment buildings
- 15 two‑bedroom units and 3 three‑bedroom units
- 12,798 square feet of total property size
Property Analytics
Current Use
Lease Details
18
Residential units
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 - Three stabilized apartment buildings offer a mix of two- and three-bedroom residences in a single acquisition.
Where is this apartment building located?
The property is located at 419-425 Cumberland Street Rumford, ME.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 18‑unit portfolio across three 6‑unit apartment buildings; 15 two‑bedroom units and 3 three‑bedroom units; 12,798 square feet of total property size
