318 Waldo Street, Rumford, ME 04276 (MLS# 1652596)

318 Waldo Street, Rumford, ME 04276

$420,000

318 Waldo Street, Rumford, ME 04276- MLS# 1652596

Property Type: Multi-Family Baths: 7 Square Footage: 6,120 Lot Size (sq. ft.): 6,098 Status: Pending

Current Price: $420,000 List Date: 2/24/2026 Last Modified: 3/24/2026

Description

Fully occupied 7-unit multifamily offering strong in-place cash flow and immediate returns. The property consists of six (6) 3-bedroom units and one (1) 1-bedroom unit, a unit mix that supports consistent rental demand and operational efficiency. The building is currently operating at a 13% cap rate, providing attractive income from day one. Lead abatement was also completed in 2025. This turnkey investment with strong fundamentals, proven performance, and minimal deferred maintenance will not last long!

Supplements: ********

More Information MLS# 1652596

Location Information

Street #: 318 Street Name: Waldo Street Type: Street County: Oxford Town: Rumford State/Province: ME Zip Code: 04276 Zip +4: 1724 Leased Land: No Book: 5617 Page: 673 Map: 003 Lot: 235 Zoning: Res Zoning Overlay: Unknown Association: No Full Tax Amount $: 3424 Tax Year: 2025 Tree Growth Y/N: No Geo Lat: 44.55183 Geo Lon: -70.548543

Contract Information

Status: Pending Original List Price: 420000 List Price: $420,000 Current Price: $420,000

Property Information

Surveyed: No Seasonal: No Deed/Conveyance Type Offered: Warranty Deed Restrictions: Unknown Number of Units: 7 Total Baths: 7 Total Full Baths: 7 Color: White Year Built: 1910 SqFt Finished Above Grade: 6120 SqFt Finished Total: 6120 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.14 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 60 Source of Road Frontage: Public Records

Status Change Info

Pending Date: 2026-03-24

Water Info

Water Frontage: No Water View: No

Building Info

# Stories: 3

Units

# of 2 BD Units: 1 # of 3 BD Units: 6

Unit 1

Lease: No Level: Basement Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1150 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1025 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1350 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Unit 5

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 6

Lease: Yes Level: Third Security Deposit: Yes Monthly Rent: 975 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: No Level: Third Security Deposit: Yes Monthly Rent: 1145 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: No

Property Features

Site: Level; Sidewalks Location: Intown Roads: Paved; Public Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Dirt Floor Basement Entry: Exterior Only Foundation Materials: Poured Concrete; Stone Exterior: Vinyl Siding Roof: Composition Heat System: Baseboard Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Carpet; Vinyl; Wood Patio and Porch Features: Porch Driveway: No Driveway Parking: 1 - 4 Spaces; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

Income/Expense ›

Deed Public Access ›

Property Disclosure Public Access ›

Listing Office: Elevate Maine Realty

Last Updated: March - 24 - 2026

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