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$420,000
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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.
Full Property Details
Full Property Details for 322 Waldo St
General
- Sold For: $420,000
- Taxes: $3,111 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1646827
- Added to Site: 83 day(s) ago
Interior
- Flooring: Wood, Vinyl, Tile
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Parking
- Parking Features: 11 - 20 Spaces, Paved, On-Site Parking
Location
- County: Oxford
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Construction: Brick, Wood Frame
- Roof: Flat
- Building Size: 5850
- Square Feet: 5,850
- Living Area: 5,850 Sq. Ft.
- Finished Total: 5,850 Sq. Ft.
- Finished Above Grnd: 5,850 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Lot Size Source: Public Records
- Zoning: Res
- Lot Description: Level, Intown
Financial Considerations
- Tax Amount: $3,111
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 234
Listed by Keller Williams Realty (207) 879-9800
Sold by Elevate Maine Realty (207) 203-9022
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Schools
Schools serving 322 Waldo St
School District:Regional School Unit 10
| Name | Grades | Distance |
|---|---|---|
Mountain Valley High School 799 Hancock Street, Rumford, ME 04276 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 322 Waldo St
Date
Details
Price
Change
Source
3/03/2026
Sold
$420,000
—
MLS
12/17/2025
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
322 Waldo Street, Rumford, ME 04276 (MLS# 1646827) is a Multi-Family property that was sold at $420,000 on March 03, 2026. Want to learn more about 322 Waldo Street? Do you have questions about finding other Multi-Family real estate for sale in Rumford? You can browse all Rumford real estate or contact a Coldwell Banker agent to request more information.

