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$400,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Units
  • 0.14 Acres
  • 1 Car Garage
  • Updated 1 day ago
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8-unit multifamily investment delivering strong in-place income and substantial value-add potential. Currently operating at a 10.6% cap rate, the property includes 2 vacant units, offering immediate opportunity to renovate and lease at market rents with a projected 16%+ stabilized cap. The asset features a versatile unit mix of (1) 4-bedroom, (3) 3-bedroom, and (4) 1-bedroom units, appealing to a broad tenant base. Separate electric and a solid structure support efficient operations and long-term durability. Several long-term tenants provide consistent cash flow while improvements are executed. Well located just minutes from downtown and major employers, this is a compelling high-yield opportunity with clear upside through unit upgrades and rent optimization.

Full Property Details for 323 Cumberland St

General

  • Price: $400,000
  • Taxes: $2,956 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1652952
  • Updated: 3/1/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Vinyl, Tile

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: 1 - 4 Spaces, Common

Location

  • County: Oxford

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Hot Water, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Flat
  • Building Size: 6300
  • Square Feet: 6,300
  • Living Area: 6,300 Sq. Ft.
  • Finished Total: 6,300 Sq. Ft.
  • Finished Above Grnd: 6,300 Sq. Ft.
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098.4
  • Lot Size Source: Public Records
  • Zoning: Unk
  • Lot Description: Level, Sidewalks, Intown

Financial Considerations

  • Tax Amount: $2,956
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 254

Listed by Elevate Maine Realty (207) 203-9022

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Listing agent

— 323 Cumberland St —

  • Elevate Maine Realty

    207-203-9022

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 323 Cumberland St

School District:Regional School Unit 10
NameGradesDistance
Mountain Valley High School
799 Hancock Street, Rumford, ME 04276
9-121 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 323 Cumberland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$400,000
263.64%
MLS
1/22/2021
Sold
$110,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 323 Cumberland St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,956
13%
$157,800
—
2024
$2,623
5%
$157,800
40%
2023
$2,500
—
$112,700
—
2022
$2,500
-1%
$112,700
—
2021
$2,530
-1%
$112,700
—
2020
$2,547
65%
$112,700
123%
2019
$1,543
3%
$50,580
—
2018
$1,505
3%
$50,580
—
2017
$1,459
3%
$50,580
—
2016
$1,416
2%
$50,580
—
2015
$1,388
2%
$50,580
—
2014
$1,363
12%
$50,580
—
2013
$1,214
—
$50,580
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 323 Cumberland St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Elevate Maine Realty (207) 203-9022

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323 Cumberland Street, Rumford, ME 04276 (MLS# 1652952) is a Multi-Family property with 8 units containing 0 bedrooms and 8 full bathrooms. 323 Cumberland Street is currently listed for $400,000 and was received on March 01, 2026. Want to learn more about 323 Cumberland 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.

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