6-Unit Multifamily
For Sale
$360,000
Pending
421 Cumberland Street, Rumford, ME 04276
Fully occupied residential income property with uniform apartment layouts and established cash flow.
Property Size3,948 SF
Days on Market190
Property Features for 421 Cumberland Street
General Information
Standard status
Pending
Size
3,948 SF
Property subtype
Multi-Family
Zoning
Res
Occupancy
100%
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Cap Rate
11.3%
Taxes and HOA fees
Annual Taxes
$1,916
Amenities
Oil, Baseboard
Interior Entry, Walk-Out Access, Full, Unfinished
Laminate, Other, Vinyl, Wood
No
Yes
6
6.0
Flat
Common, Paved
Asbestos
Building Details
Year Built
1925
Stories
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 12:43AM
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.
Built in 1925, this 3,948-square-foot multifamily property contains six 2-bedroom apartments within a consistent unit configuration. All six units are occupied, providing an operating property without current vacancy. The building includes baseboard heat and a full, unfinished lower level with walk-out access. Exterior construction is identified as wood frame with asbestos siding.
The property is located at 421 Cumberland Street in Rumford, Maine, and carries residential zoning. Operations are reported at an 11.3% cap rate, with income generated from the occupied apartment units. The flat-site building offers an established six-unit configuration for an investor seeking a stabilized multifamily asset.
The property is located at 421 Cumberland Street in Rumford, Maine, and carries residential zoning. Operations are reported at an 11.3% cap rate, with income generated from the occupied apartment units. The flat-site building offers an established six-unit configuration for an investor seeking a stabilized multifamily asset.
Key Highlights
- Six 2‑bedroom apartments in a 6‑unit multifamily property
- All 6 units occupied with no vacancies
- 3,948 SF building constructed in 1925
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 residential income property with uniform apartment layouts and established cash flow.
Where is this apartment building located?
The property is located at 421 Cumberland 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 2‑bedroom apartments in a 6‑unit multifamily property; All 6 units occupied with no vacancies; 3,948 SF building constructed in 1925
