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Listed by Keller Williams Realty
$ 420,000
Pending
322 Waldo ST Rumford, ME 04276
7 Baths
5,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 5,850 sqft
MLS Listing ID 1646827
Style Other
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 5,850
Year Built 1920
Annual Tax Amount $3,111
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Source Maine Listings
Land Area 5850
Property Description
Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability.
The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality.
Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.
The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality.
Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.
Location
State ME
County Oxford
Zoning Res
Rooms
Basement Interior, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Vinyl, Tile
Exterior
Parking Features 11 - 20 Spaces, Paved, On Site
View Y/N No
Roof Type Flat
Garage No
Garage No
Building
Lot Description Level, Intown
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Brick,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
