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Listed by Tyler Stewart Elevate Maine Realty
$ 360,000
Est. payment /mo
Pending
25 Falmouth ST Rumford, ME 04276
6 Baths
5,070 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,070 sqft
Price per Sqft $71
MLS Listing ID 1652591
Full Baths 6
HOA Y/N No
Year Built 1923
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Source Maine Listings
Land Area 5070
Property Description
Well-maintained 6-unit multifamily consisting of six (6) 3-bedroom apartments, all fully occupied and generating consistent rental income. The larger unit layout supports strong tenant demand and long-term stability. The property has benefited from recent improvements, including a flat roof approximately five years old, a new water heater, and electrical upgrades with all knob-and-tube wiring removed, enhancing safety and reducing near-term maintenance concerns. Currently operating at an 11.5% cap rate with below market rents, this offering presents an excellent opportunity for investors seeking a stabilized, income-producing asset with major systems already addressed.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Oil, Baseboard, Hot Water
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Concrete, 1 - 4 Spaces
Roof Type Flat
Garage No
Building
Lot Description Intown, Level
Water Public
Architectural Style Other
Others
Tax ID RUMF-000113-000000-000312
