413 Cumberland Street, Rumford, ME 04276 (MLS# 1646818)

Description

Fully occupied four-unit multifamily property with a diverse unit layout consisting of two four-bedroom units and two one-bedroom units. The property is currently operating at an approximate 14.6% cap rate, offering strong in-place performance. All units are rented, providing immediate income from day one. The mix of larger and smaller apartments supports broad rental demand and operational flexibility. This asset is well suited for an investor seeking a high-yield multifamily property with established cash flow. A strong income-producing opportunity with stabilized occupancy and compelling returns.

Supplements: ********

Location Information

Street #: 413 Street Name: Cumberland Street Type: Street County: Oxford Town: Rumford State/Province: ME Zip Code: 04276 Zip +4: 1632 Leased Land: No Book: 5585 Page: 358 Map: 113 Lot: 261 Zoning: Res Zoning Overlay: Unknown Association: No Full Tax Amount $: 1823 Tax Year: 2024 Tree Growth Y/N: No Geo Lat: 44.553328 Geo Lon: -70.548974

Contract Information

Status: Closed Original List Price: 240000 Sold Price: $235,000 Current Price: $235,000

Property Information

Surveyed: No Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: Partial Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Number of Units: 4 Total Baths: 4 Total Full Baths: 4 Year Built: 1920 SqFt Finished Above Grade: 3483 SqFt Finished Total: 3483 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.11 Source of Acreage: Public Records

Status Change Info

Pending Date: 2026-01-08 Closed Date: 2026-02-24 Closed Price: 235000

Water Info

Water Frontage: No Water View: No

Units

# of 1 BD Units: 2 # of 4+ BD Units: 2

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1315 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 814 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 892 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Sold Info

Appraiser Email Address: kellee@appraisalgroupauburn.com

Property Features

Site: Level Location: Near Town Roads: Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Exterior: Vinyl Siding Roof: Flat Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Tile; Vinyl Driveway: Common Parking: 1 - 4 Spaces Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public