Multi-Family for Sale: 624 Prospect Avenue, Rumford, ME 04276

2 full baths
$149,500
$149,500
624 Prospect Avenue, Rumford, ME 04276
2 full baths
$149,500
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Price:
$149,500
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level
Total Baths 2 full baths
Square Feet 2,660 sqft
Lot Size 0.26 acres
Year Built 1900
Taxes Paid $2,719
City Rumford
County Oxford
MLS 1612374
Status Active
DOM 2 days
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 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!

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $2,719

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 4
Unit 2 of Rooms 6

Price History of 624 Prospect Avenue

Date Name Price Difference
01/12/2025 Listing Price $149,500 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$145,000
$51 / sqft
Average
$145,000
$51 / sqft
High
$145,000
$51 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Rumford 04276 0 2.0 $149,500 2,660 $56 N/A
325 Penobscot Street Rumford 04276 0 2.0 $145,000 2,816 $51 08/07/2024

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Map of 624 Prospect Avenue, Rumford, ME

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Photo of Kirsten Wallace
Direct: 603-793-9138
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by EXP Realty, Tasha Michaud 888-439-8743
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1.81872909699%
6.75%
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624 Prospect Avenue (MLS #1612374) is a multi-level multi-family listing located in Rumford, ME. This multi-family listing is 2,660 sqft and on a lot of 11,326 sqft (or 0.26 acres) and is 125 years old. This property was listed on 01/12/2025 and has been priced for sale at $149,500.

The multi-family listing at 325 Penobscot Street in Rumford is nearby and sold for $145,000 on 08/07/2024.

Nearby zip codes are 04224, 04257 and 04290. This property neighbors other cities such as Dixfield, Mexico and Peru.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2025 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.