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Listed by Tyler Stewart Elevate Maine Realty
$ 225,000
Est. payment /mo
Pending
154 Essex AVE Rumford, ME 04276
4 Baths
3,564 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,564 sqft
Price per Sqft $63
MLS Listing ID 1652668
Full Baths 4
HOA Y/N No
Year Built 1923
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Source Maine Listings
Land Area 3564
Property Description
Fully occupied 4-unit multifamily offering spacious layouts and exceptional in-place returns. The property features three large three-bedroom units and one one-bedroom unit, providing a highly desirable unit mix with broad tenant appeal. Currently producing a 13% cap rate, the asset delivers immediate, stable cash flow with additional upside potential through future rent growth and operational efficiencies. A rare opportunity to acquire a high-yield, fully occupied property with strong long-term investment fundamentals.
Location
State ME
County Oxford
Zoning Residential
Rooms
Basement Interior Entry, Walk-Out Access, Full, Sump Pump
Interior
Heating Oil, Baseboard
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Paved, 5 - 10 Spaces
Garage Spaces 2.0
Utilities Available Utilities On
Roof Type Shingle
Garage Yes
Building
Lot Description Near Town, Level, Sidewalks
Water Public
Architectural Style Dutch Colonial
Others
Tax ID RUMF-000112-000000-000139
