322 Waldo St, Rumford, ME 04276
- $420,000
- 7
- BA
- 5,850
- SqFt
Listing courtesy of Keller Williams Realty.
Selling Office: Elevate Maine Realty.- Sold Price
- $420,000
- List Price
- $420,000
- Closing Date
- Mar 03, 2026
- MLS#
- 1646827
- Status
- CLOSED
- Type
- Multifamily
- City
- Rumford
- County
- Oxford
- Bathrooms
- 7
- Living Area
- 5,850
- Lot Size
- 12,196
- Year Built
- 1920
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.
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Additional Information
- Living Area
- 5,850
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Unfinished
- Cooling
- None
- Year Built
- 1920
- Acres
- 0.28
- Roof
- Flat
- Style
- Other
- Courtesy Of Listing Office
- Keller Williams Realty
- Courtesy Of Selling Office
- Elevate Maine Realty
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