323 Cumberland StreetRumford, ME 04276Price: $400,000

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Sunset Lakes Real Estate 207-655-2139

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8-unit multifamily investment delivering strong in-place income and substantial value-add potential. Currently operating at a 10.6% cap rate, the property includes 2 vacant units, offering immediate opportunity to renovate and lease at market rents with a projected 16%+ stabilized cap. The asset features a versatile unit mix of (1) 4-bedroom, (3) 3-bedroom, and (4) 1-bedroom units, appealing to a broad tenant base. Separate electric and a solid structure support efficient operations and long-term durability. Several long-term tenants provide consistent cash flow while improvements are executed. Well located just minutes from downtown and major employers, this is a compelling high-yield opportunity with clear upside through unit upgrades and rent optimization.

Property Details of 323 Cumberland Street

Property Details

Basic Information

• Property Type: Residential Income
• MLS Number: 1652952
• Mls Status: Pending
• Acreage: 0.14

Property

• Square Feet: 6,300
• Year Built: 1920
• Roof: Flat
• Garage Spaces: 1

Location

• Town: Rumford
• County: Oxford
• State: ME
• Zip: 04276

Interior Features

Beds/Baths

• Bathrooms: 8

Basement

• Basement: Interior Entry

Other

• Flooring: Tile, Vinyl

Utilities and Appliances

Utilities and Appliances

• Cooling: Window Unit(s)
• Heat System: Baseboard, Hot Water
• Sewer: Public Sewer

Other Details

Water

• Water Source: Public

Map Location

Driving Directions

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Sunset Lakes Real Estate participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.