This 8-unit multifamily is a value-add opportunity with real upside—2 units are currently vacant, giving investors a head start on repositioning and boosting rents.
The building offers a mix of layouts, solid structure, and separate electric. Located just minutes from downtown and major employers, the property sits in a high-demand rental market with limited inventory and strong tenant interest. Several long-term tenants provide consistent cash flow while you improve the remaining units.
Whether you're looking to renovate and raise rents, refinance, or hold for the long game, this property presents a compelling return profile at an approachable price point.
Active
$420,000
323 Cumberland Street, Rumford, ME 04276
16beds
6,300sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$67/sqft
$-- HOA
What's special
- 55 days
- on Zillow |
- 135 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: June 19, 2025 at 07:04pm
Listed by:
Keller Williams Realty
Source: Maine Listings,MLS#: 1627439

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Hot Water, Baseboard
Cooling
- Has cooling: Yes
Features
- Flooring: Vinyl, Tile
- Basement: Interior,Full,Unfinished
Interior area
- Total structure area: 6,300
- Total interior livable area: 6,300 sqft
- Finished area above ground: 6,300
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 - 4 Spaces, Common
- Garage spaces: 1
Features
- Levels: Multi/Split
Lot
- Size: 6,098.4 Square Feet
- Features: Level, Sidewalks, City Lot
Details
- Parcel number: 323Cumberland StreetSTRumford113254
- Zoning: Unk
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Roof: Flat
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Rumford
Financial & listing details
- Price per square foot: $67/sqft
- Annual tax amount: $2,623
- Date on market: 6/20/2025
- Loading
- Loading