688 Prospect Avenue Rumford, ME 04276

Building Details

Year Built

1890

Listing agency Elevate Maine Realty t***@elevatemaine.com Show Phone

Listed by Tyler Stewart · License #SA925348,MAINE Show Phone

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Added: Feb 19 Updated: Jul 20 at 5:35PM Checked: Jul 21 at 6:45AM

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Investment Insights

Based on property information with market context.

This fully occupied duplex is set up for hands-on investors or long-term rental operators, with both units currently leased. Public remarks note below-market rents, supporting a straightforward path to aligning income with current market levels over time.

The property is located at 688 Prospect Avenue in Rumford, Maine. With stable, in-place tenants, the duplex provides an immediately generating rental setup rather than a renovation-first scenario.

As a residential income property, the asset’s primary current configuration is two leased units within a duplex structure, maintaining occupancy while providing room to adjust rents as leases turnover.

Key Highlights

• Fully occupied duplex with both units leased in Rumford
• Below‑market rents reported with potential for rent increases as leases are brought to market
• Built in 1890

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FAQs

What type of property is this?

Duplex - A fully occupied duplex with both units leased and below-market rents in Rumford, offering steady rental income.

Where is this duplex located?

The property is located at 688 Prospect Avenue Rumford, ME.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Fully occupied duplex with both units leased in Rumford; Below‑market rents reported with potential for rent increases as leases are brought to market; Built in 1890