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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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939998 93-99 & 98 Maine Ave , Rumford, ME 04276
$1,000,000
Est. Payment: $5,159.57/mo
0 Bed
18 Bath
11448 Sqft
Status: pending | Days on site: 65
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Rare investment package offering 18 total units across two properties located directly across the street from one another in Rumford. The portfolio includes a 12-unit at 93-99 Maine Avenue and a 6-unit at 98 Maine Avenue, with a desirable mix of six one-bedrooms, six two-bedrooms, and six three-bedrooms. The 93-99 Maine Avenue property features two new boilers. With just one vacancy, the properties are currently producing a 9.3% cap rate, with projected upside exceeding 13% through rent increases and value-add improvements. A turnkey opportunity with immediate cash flow and exceptional long-term growth potential.

Highlights

Listed by Tyler Stewart , 207-213-7644 Elevate Maine Realty , 207-331-4565. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.56

Year Built

1920

County

Oxford

Listing ID

1652654

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:18
  • Full Bathrooms:18
Floor:Tile,Vinyl,Wood
Above Ground Sq Ft:11448
Below Ground Sq Ft:0
Basement:Interior Entry,Full
Other:Public

Exterior Features

Lot:Near Town,Level
Zoning:Residential
Roof:Flat
Sewer:Public Sewer
Parking Features:Common,5 - 10 Spaces
Principal Interest
$5,160
Taxes
$551

Home Price

$1,000,000

Loan Details

30 yrs
6.695%

Down Payment

20%
$200,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,159.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,159.57 $550.95 $0.00 $5,710.52
Yearly $61,914.85 $6,611.44 $0.00 $68,526.29
Total $1,857,445.49 $198,343.20 $0.00 $2,055,788.69

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Rumford, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

© 2026 Maine Real Estate Information System, Inc.

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