$300,000
 $1,610 est/mo Sourced by Back At You

48 Essex Avenue,Rumford, ME 04276

Rumford, ME 04276

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Description

Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.

Details

MLS #1652592
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1923
Days On Site209
Listing Provided ByElevate Maine Realty | Tyler Stewart

Features

Bath(s) 5 Total
SQ Feet3,348
BasementY
Units5
ZoningRes
Acreage0.15

Interior

Heating Yes / NoYes
Cooling Yes / NoNo
CoolingNone

Exterior

RoofFlat
Lot FeaturesNear Town, Level
Construction MaterialsWood Frame, Vinyl Siding
Exterior Co ExteriorVinyl Siding

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesCommon, 1 - 4 Spaces

Utilities

SewerPublic Sewer
ElectricCircuit Breakers

Taxes

Tax Annual Amount2131
Tax Book Number5585
Tax Year2025
Tax Lot322
Tax Map Number113

Area Information

StateME
CountyOxford
CityRumford
Zip Code04276
AreaOxford
Listing VS Median (in 04276)
Price:
$300,000
low | high
Med:
$229,000
73.666666666667% of Average
sqft:
3,348
low | high
Med:
2,037
89.15770609319% of Average
$ / sqft:
$90
low | high
Med:
$112
24.539027982327% of Average
On site:
209
low | high
Med:
73
100% of Average
Sourced by Back At You

Market Activity 04276

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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateME
CountyOxford
CityRumford
Zip Code04276
AreaOxford
Listing VS Median (in 04276)
Price:
$300,000
low | high
Med:
$229,000
73.666666666667% of Average
sqft:
3,348
low | high
Med:
2,037
89.15770609319% of Average
$ / sqft:
$90
low | high
Med:
$112
24.539027982327% of Average
On site:
209
low | high
Med:
73
100% of Average
Sourced by Back At You
Listing Updated: June 1, 2026 at 1:48:09 PM PDT