About This Home

This 0-bedroom, 8-bathroom residential multi family at 325 Waldo Street in Rumford, ME is listed for $400,000 ($136 per sqft). Built in 1905, the home offers 2,938 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1905
  • 0.14 acre lot
  • 4 stories

Property Details

4 stories
8 full
2-car garage
1905
Listing Description

Welcome to 325 Waldo Street in Rumford! This 8-unit investment property features a desirable mix of four 2-bedroom apartments and four 1-bedroom apartments, offering diversified rental income in a convenient in-town location. Tenants enjoy easy access to shopping, restaurants, and everyday amenities just a few blocks away.

The property also features front and rear porches, a spacious 2-car garage, and a second-floor storage area above the garage, providing additional utility and storage potential. Generating $89,100 in annual income with reported annual expenses of $22,441, the property produces a net operating income (NOI) of $66,659. A compelling opportunity for investors looking to expand their portfolio with an established multi-unit property in the heart of Rumford.

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

325 Waldo Street

Rumford, ME 04276

Features & Amenities

Interior Features

ShowerStorage

Property Details

Flooring

PlankVinyl

Construction

Wood Frame Vinyl Siding

Outdoor Features

PorchDeck

Heating

BaseboardOil

Questions & Answers

This 0-bedroom, 8-bathroom residential multi family at 325 Waldo Street is listed at $400,000 ($136/sqft). The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1905, 0.14 acre lot, 4 stories. Interior Features: Shower, Storage.

This property is listed by Clayton Larochelle.

CL

Clayton Larochelle

Agent at Fontaine Family - The Real Estate Leader

Listed by Fontaine Family - The Real Estate Leader · Broker phone: (207) 784-3800 · View on Broker Site · Broker website

MLS# 1686121· Source: Maine Listings· Added to PropertySimple today

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325 Waldo Street, Rumford, ME 04276

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