93-99 & 98 Maine Avenue, Rumford, ME 04276
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
93-99 & 98 Maine Avenue,Rumford, ME 04276
$1,000,000
- - Beds
- 18 Baths
- 11,448 sq. ft.
- Multi-family
- Active
Listed by:tyler stewart
Office:keller williams realty
MLS#:1638625
Source:ME_MREIS
Price summary
- Price:$1,000,000
- Price per sq. ft.:$87.35
About this home
Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of 6 one-bedrooms, 6 two-bedrooms, and 6 three-bedrooms. With just two vacancies, the properties are currently producing a 9.65% cap rate, with projected upside exceeding 14% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.
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Home facts
- Year built:1920
- Listing ID #:1638625
- Updated:September 25, 2025 at 06:54 PM
Rooms and interior
- Total bathrooms:18
- Full bathrooms:18
- Living area:11,448 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1920
- Building area:11,448 sq. ft.
- Lot area:0.56 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,000,000
- Price per sq. ft.:$87.35
- Tax amount:$6,611 (2025)
MREIS Multiple Listing Service™ system
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights ReservedNew listings near 93-99 & 98 Maine Avenue
- New
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