-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!
Active under contract
Price cut: $20K (2/8)
$129,500
624 Prospect Avenue, Rumford, ME 04276
7beds
2,660sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$142,000 Zestimate®
$49/sqft
$-- HOA
What's special
Additional parking area
- 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#: 1612374

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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