323 Cumberland St
Description
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...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.
- Listed by Tyler Stewart • Elevate Maine Realty
Property Details for 323 Cumberland Street
Waterfront
No
ArchitecturalStyleOther
Garage Spaces1.00
GarageYes
ZoningUnk
LISTING UPDATED: 03/05/2026 03:12 PM
Property Details for 323 Cumberland Street
| Status | Active |
|---|---|
| MLS # | 1652952 |
| Days on Market | 6 |
| Taxes | $2,956 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1920 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Oxford County |
Location
Listing Courtesy of Elevate Maine Realty
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Building Information for 323 Cumberland Street
Stories-Residences8Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$2,196 per month
30 year fixed, 6.15% Interest
Principal and Interest
$1,950
Property Taxes
$246
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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1Property Information for 323 Cumberland Street
Summary
Location and General Information
- Zip Code: 1715
- Directions: GPS Friendly
- Town: Rumford
- State/Province: ME
- Zip Code: 04276
- County: Oxford
- Geo Latitude: 44.552086
- Geo Longitude: -70.548275
- Tax Lot: 254
- Site:Level: Yes
- Site:Sidewalks: Yes
- Location:Intown: Yes
Parking
- Parking Features: 1 - 4 Spaces, Common
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 5717
- Tax Map Number: 113
- Tax Year: 2025
- Parcel Number: RUMF-000113-000000-000254
- Location Information:Association Y/N: No
- Tax Annual Amount: $2,956.00
Property
Heating and Cooling
- Water Heater:Electric: No
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 6300.0
- Lot Size Acres: 0.14
- Source of Acreage: Public Records
- Building Area Total: 6300.0
- Lot Size Area: 0.14
- Lot Size Units: Acres
- Lot Size Square Feet: 6098.4
- Bathrooms Full: 8
- Bathrooms Half: 0
- Street Number: 323
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Owner Occupied: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Deed: All
- Property Information:Deed Restrictions: Unknown
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: .00
- Property Information:Source of Road Frontage: Public Records
Parking
- Driveway:Common: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1920
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Flat
Interior Features
- Basement: Interior, Full, Unfinished
- Flooring: Vinyl, Tile
- Cooling: Window Unit(s)
- Heating: Hot Water, Baseboard
- Bathrooms Total (Integer): 8
- Bathrooms Total (Decimal): 8.00
- Bathrooms Total (Notational): 8.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $76,128.00
- Operating Expenses: $33,569.88
Multi-Family Information
- Number of Units: 8
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $1,500.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 6.00
- Unit 1:# of Bedrooms: 4.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: Yes
- Unit 2:Level: First
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,194.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 5.00
- Unit 2:# of Bedrooms: 3.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 5.00
- Unit 3:# of Bedrooms: 3.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: Yes
- Unit 4:Level: Second
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $1,100.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 5.00
- Unit 4:# of Bedrooms: 3.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit 5
- Unit 5:Lease: No
- Unit 5:Level: Third
- Unit 5:Security Deposit: No
- Unit 5:Monthly Rent: $.00
- Unit 5:# Full Baths: 1.00
- Unit 5:# Half Baths: .00
- Unit 5:# of Rooms: 3.00
- Unit 5:# of Bedrooms: 1.00
- Unit 5:Dedicated Electric Meter: Yes
- Unit 5:Dedicated Gas Meter: No
- Unit 5:Dedicated Water Heater: No
- Unit 5:Electric: No
- Unit 5:Heat: Yes
- Unit 5:Range: Yes
- Unit 5:Refrigerator: Yes
- Unit 5:Sewer: Yes
- Unit 5:Water: Yes
Unit 6
- Unit 6:Lease: Yes
- Unit 6:Level: Third
- Unit 6:Security Deposit: Yes
- Unit 6:Monthly Rent: $800.00
- Unit 6:# Full Baths: 1.00
- Unit 6:# Half Baths: .00
- Unit 6:# of Rooms: 3.00
- Unit 6:# of Bedrooms: 1.00
- Unit 6:Dedicated Electric Meter: Yes
- Unit 6:Dedicated Gas Meter: No
- Unit 6:Dedicated Water Heater: No
- Unit 6:Electric: No
- Unit 6:Heat: Yes
- Unit 6:Range: Yes
- Unit 6:Refrigerator: Yes
- Unit 6:Sewer: Yes
- Unit 6:Water: Yes
Unit 7
- Unit 7:Lease: No
- Unit 7:Level: Third
- Unit 7:Security Deposit: Yes
- Unit 7:Monthly Rent: $850.00
- Unit 7:# Full Baths: 1.00
- Unit 7:# Half Baths: .00
- Unit 7:# of Rooms: 3.00
- Unit 7:# of Bedrooms: 1.00
- Unit 7:Dedicated Electric Meter: Yes
- Unit 7:Dedicated Gas Meter: No
- Unit 7:Dedicated Water Heater: No
- Unit 7:Electric: No
- Unit 7:Heat: Yes
- Unit 7:Range: Yes
- Unit 7:Refrigerator: Yes
- Unit 7:Sewer: Yes
- Unit 7:Water: Yes
Unit 8
- Unit 8:Lease: No
- Unit 8:Level: Third
- Unit 8:Security Deposit: Yes
- Unit 8:Monthly Rent: $800.00
- Unit 8:# Full Baths: 1.00
- Unit 8:# Half Baths: .00
- Unit 8:# of Rooms: 3.00
- Unit 8:# of Bedrooms: 1.00
- Unit 8:Dedicated Electric Meter: Yes
- Unit 8:Dedicated Gas Meter: No
- Unit 8:Dedicated Water Heater: No
- Unit 8:Electric: No
- Unit 8:Heat: Yes
- Unit 8:Range: Yes
- Unit 8:Refrigerator: Yes
- Unit 8:Sewer: Yes
- Unit 8:Water: Yes
Unit 17
- Unit 17:Heat: Yes
- Unit 17:Range: Yes
- Unit 17:Sewer: Yes
- Unit 17:Water: Yes
Unit 18
- Unit 18:Heat: Yes
- Unit 18:Range: Yes
- Unit 18:Refrigerator: Yes
- Unit 18:Sewer: Yes
- Unit 18:Water: Yes
Unit 19
- Unit 19:Heat: Yes
- Unit 19:Range: Yes
- Unit 19:Refrigerator: Yes
- Unit 19:Sewer: Yes
- Unit 19:Water: Yes
Unit 20
- Unit 20:Heat: Yes
- Unit 20:Range: Yes
- Unit 20:Refrigerator: Yes
- Unit 20:Sewer: Yes
- Unit 20:Water: Yes
Unit Information
- Units:# of 1 BD Units: 4
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 3
- Units:# of 4+ BD Units: 1
Property History for 323 Cumberland Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 26, 2026 | Listed (Active) Maine Listings #1652952 | $400,000 | — |
| Dec 31, 2025 | Expired Maine Listings #1627439 | $410,000 | — |
| Jun 8, 2025 | Listed (Active) Maine Listings #1627439 | $420,000 | — |
| Aug 29, 2013 | Expired Maine Listings #1067534 | $98,000 | — |
| Aug 29, 2012 | Listed (Active) Maine Listings #1067534 | $98,000 | — |
| Dec 21, 2010 | Sold Maine Listings #953756 | $98,000 | — |
| Oct 11, 2010 | Pending Maine Listings #953756 | — | |
| Oct 11, 2010 | Active Under Contract Maine Listings #953756 | — | |
| Oct 20, 2009 | Listed (Active) Maine Listings #953756 | $150,000 | — |
| Oct 17, 2009 | Expired Maine Listings #913871 | $150,000 | — |
| Oct 17, 2008 | Listed (Active) Maine Listings #913871 | $150,000 | — |
| Jan 12, 2008 | Expired Maine Listings #833764 | $150,000 | — |
| Feb 23, 2007 | Listed (Active) Maine Listings #833764 | $175,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/26/2026 | Listed (Active) Maine Listings #1652952 | $400,000 |
| 12/31/2025 | Expired Maine Listings #1627439 | $410,000 |
| 06/08/2025 | Listed (Active) Maine Listings #1627439 | $420,000 |
| 08/29/2013 | Expired Maine Listings #1067534 | $98,000 |
| 08/29/2012 | Listed (Active) Maine Listings #1067534 | $98,000 |
| 12/21/2010 | Sold Maine Listings #953756 | $98,000 |
| 10/11/2010 | Pending Maine Listings #953756 | — |
| 10/11/2010 | Active Under Contract Maine Listings #953756 | — |
| 10/20/2009 | Listed (Active) Maine Listings #953756 | $150,000 |
| 10/17/2009 | Expired Maine Listings #913871 | $150,000 |
| 10/17/2008 | Listed (Active) Maine Listings #913871 | $150,000 |
| 01/12/2008 | Expired Maine Listings #833764 | $150,000 |
| 02/23/2007 | Listed (Active) Maine Listings #833764 | $175,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 323 Cumberland Street
Taxable ValueLand$10,500Additions$147,300Total$157,800
Tax Record2025$2,956 ($246 / month)
Home Facts
Beds0Total Finished SqFt6,300 SqFtAbove Grade Finished SqFt6,300 SqFtLot Size6,098 SqFtStyleSingle Family ResidenceYear Built1920ZoningRESIDECountyOXFORDAPNRUMF M:113 L:254
Schools near 323 Cumberland Street
This home is within Regional School Unit 10.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Meroby Elementary School PublicPK to 4 | ||
Rumford Elementary School PublicPK to 4 | ||
Mountain Valley Middle School Public5 to 8 | ||
Mountain Valley High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Elevate Maine Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
