Date
Details
Price
Change
Source
2/24/2026
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/6
$300,000 Sale Pending
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Property 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.
Full Property Details
Full Property Details for 48 Essex Ave
General
- Price: $300,000
- Taxes: $2,131 (2025)
- Status: Pending
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1652592
- Updated: 6/4/2026
- Added to Site: 61 day(s) ago
Interior
- Flooring: Tile, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Parking
- Parking Features: Common, 1 - 4 Spaces
Location
- County: Oxford
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Baseboard, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Entry, Full, Unfinished
- Roof: Flat
- Square Feet: 3,348
- Finished Total: 3,348 Sq. Ft.
- Finished Above Grnd: 3,348 Sq. Ft.
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Zoning: Res
- Lot Description: Near Town, Level
Financial Considerations
- Operating Expenses: $27,753.44
- Tax Amount: $2,131
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 322
Listed by Elevate Maine Realty (207) 331-4565
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Listing agent
— 48 Essex Ave —
Elevate Maine Realty
207-331-4565
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 48 Essex Ave
School District:Regional School Unit 10
| Name | Grades | Distance |
|---|---|---|
Mountain Valley High School 799 Hancock Street, Rumford, ME 04276 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 Essex Ave
Tax History
Tax History for 48 Essex Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,131
13%
$113,800
—
2024
$1,891
5%
$113,800
40%
2023
$1,803
-17%
$81,300
-17%
2022
$2,167
-1%
$97,700
—
2021
$2,193
-1%
$97,700
—
2020
$2,208
12%
$97,700
52%
2019
$1,965
3%
$64,440
—
2018
$1,917
3%
$64,440
—
2017
$1,859
3%
$64,440
—
2016
$1,804
2%
$64,440
—
2015
$1,769
2%
$64,440
—
2014
$1,737
12%
$64,440
—
2013
$1,547
—
$64,440
—
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
Estimate the Cost for 48 Essex Ave
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- Single Family
- Active
- Updated 3 days ago
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- 2Total Baths
- 2,658Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,224Sq. Ft.
Listed by Real Broker
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
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- Single Family
- Active
- Updated 5 days ago
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- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 1Total Bath
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Listed by Keller Williams Realty
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- Single Family
- Closed
- 5Beds
- 2Total Baths
- 2,580Sq. Ft.
Listed by Amnet Realty
Sold by Allied Realty
Sold by Allied Realty
- Single Family
- Closed
- 4Beds
- 2Total Baths
- 1,351Sq. Ft.
Listed by Home At Last Realty
Sold by Drakes Real Estate LLC
Sold by Drakes Real Estate LLC
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 1,722Sq. Ft.
Listed by Your Home Sold Guaranteed Realty
Sold by Berkshire Hathaway HomeServices Northeast Real Estate
Sold by Berkshire Hathaway HomeServices Northeast Real Estate
- Multi-Family
- Closed
- 2Units
- 1.73Acres
Listed by Amnet Realty
Sold by The Maine Real Estate Experience
Sold by The Maine Real Estate Experience
48 Essex Avenue, Rumford, ME 04276 (MLS# 1652592) is a Multi-Family property with 5 units containing 0 bedrooms and 5 full bathrooms. 48 Essex Avenue is currently listed for $300,000 and was received on April 22, 2026. Want to learn more about 48 Essex Avenue? 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.