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Active under contract
  • Price cut: $20K (2/8)
    $129,500

    624 Prospect Avenue, Rumford, ME 04276

    7beds
    2,660sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $142,000 Zestimate®
    $49/sqft
    $-- HOA

    What's special

    Additional parking area
    -New roof 2022 -New boiler 2022 -New chimney liner 2022 -New oil tank 2022 Unlock the potential of this spacious multi-unit property located in the heart of Rumford. This 7-bedroom, 2-bathroom, 2660sq ft building is ready for the right investor to bring it back to life. Additional parking area owned off Luxton Ave. Property Highlights: Unit 1: Features 3 bedrooms, offering excellent rental income potential. Unit 2: Includes 4 bedrooms, perfect for a family or roommates. One bathroom is handicap accessible, increasing the building's appeal to a wider tenant base. Prime opportunity for a value-add rehab project to maximize ROI. Why Invest Here? This property is ideal for seasoned investors or those ready to jump into the lucrative world of real estate. With some TLC and updates, this building can become a high-yield rental property in a growing rental market. Rumford offers a blend of charm, community, and outdoor recreation, attracting tenants and buyers alike. 💰 Don't miss out! Contact us today for more details or to schedule a showing. Let's turn this diamond in the rough into a gem that generates lasting returns!
    104 days
    on Zillow
    |
    39
    |
    0
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 15, 2025 at 05:39am

    Listed by:

    EXP Realty

    Source: Maine Listings,MLS#: 1612374MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Cooling
    • None
    Features
    • Attic, Bathtub, Other
    • Flooring: Wood, Carpet
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,660
    • Total interior livable area: 2,660 sqft
    • Finished area above ground: 2,660
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 5 - 10 Spaces, Paved, Off Site, On Site
    Accessibility
    • Accessibility features: Roll-in Shower
    Features
    • Stories: 2
    • Patio & porch: Porch
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.26 Acres
    • Features: Neighborhood
    Details
    • Zoning: Res

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Clapboard, Asbestos, Other
    • Foundation: Block, Stone
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Rumford

    Financial & listing details

    • Price per square foot: $49/sqft
    • Annual tax amount: $2,719
    • Date on market: 1/12/2025
    • Road surface type: Paved
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