22 Prospect Avenue And Spruce StreetRumford, ME 04276Sale Price: $395,000

Strong-performing 6-unit in the heart of Rumford with rare tenant-paid heat. An excellent value-add opportunity in a steady Oxford County rental market, this well-positioned 6-unit includes three spacious 2-bedroom apartments and three 1-bedroom units. Several units have been refreshed with new flooring and fresh paint, while the building's most notable upgrade replaced the former oil-fired heating system with individual propane monitor heaters-a rare and highly desirable setup in Maine that allows tenants to pay for their own heat. Additional income potential comes from the coin-operated laundry in the basement and a separately deeded adjacent lot currently used for off-street parking. With town water and sewer available, the lot may also offer future development opportunities (buyer to confirm). Situated just minutes from downtown Rumford's shops, restaurants, and community amenities, the property is within reach of outdoor recreation at Black Mountain Ski Resort, the Androscoggin River, and nearby hiking trails-appealing to year-round tenants. With its strong rental history, energy-efficient heating setup, and location in a in-demand area, this property is an ideal choice for investors looking to expand their portfolio without the costs of a full renovation.