48 Essex Avenue, Rumford, ME 04276
$300,000
Property Type:
Multi-Family
Baths:
5
Square Footage:
3,348
Lot Size (sq. ft.):
6,534
Status:
Pending
Current Price:
$300,000
List Date:
2/24/2026
Last Modified:
3/24/2026
Description
Fully occupied 5-unit multifamily offering strong in-place income and attractive returns. The property features a diverse unit mix and is currently operating at an approximate 10.5% cap rate, providing solid cash flow from day one. Recent capital improvements include upgraded electrical with full knob-and-tube removal, a heating system installed in 2022, and a flat roof estimated to be 5-10 years old. A well-maintained, turnkey investment with proven performance and strong fundamentals.
Supplements: ********
More Information MLS# 1652592
Location Information
Street #: 48
Street Name: Essex
Street Type: Avenue
County: Oxford
Town: Rumford
State/Province: ME
Zip Code: 04276
Zip +4: 1655
Leased Land: No
Book: 5585
Page: 340
Map: 113
Lot: 322
Zoning: Res
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 2131
Tax Year: 2025
Tree Growth Y/N: No
Geo Lat: 44.55382
Geo Lon: -70.547277
Contract Information
Status: Pending
Original List Price: 300000
List Price: $300,000
Current Price: $300,000
Property Information
Surveyed: Unknown
Seasonal: No
Deed: Partial
Number of Units: 5
Total Baths: 5
Total Full Baths: 5
Year Built: 1923
SqFt Finished Above Grade: 3348
SqFt Finished Total: 3348
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.15
Source of Acreage: Public Records
Status Change Info
Pending Date: 2026-03-24
Water Info
Water Frontage: No
Water View: No
Units
# of 1 BD Units: 3
# of 2 BD Units: 1
# of 3 BD Units: 1
Unit 1
Lease: No
Level: First
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
Sewer: Yes
Water: Yes
Unit 2
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 820
# 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 3
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1045
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
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: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 850
# 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
Water: Yes
Unit 5
Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 880
# 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
Property Features
Site: Level
Location: Near Town
Roads: Dead End; Public
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Exterior: Vinyl Siding
Roof: Flat
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Off Heating System
Cooling: None
Floors: Tile; Vinyl; Wood
Driveway: Common
Parking: 1 - 4 Spaces
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Listing Office: Elevate Maine Realty
Last Updated: March - 24 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
