Listing
$235,000
245 Pi••••• St (Sign up for 50 free credits to unlock)Rumford, ME 04276
Property Description
Investment opportunity with this 4-unit apartment building featuring three currently leased units and one vacant unit, providing immediate income potential with room to increase cash flow. A new propane boiler was installed in 2024. The property is in need of some updates and improvements and is being sold as is. Also available is an adjacent 0.11-acre buildable lot with access to public water, public sewer, and utilities, offering potential for additional development or parking. The seller also has four additional rental properties available and would be willing to package them together for an expanded investment opportunity.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Jul 7, 2026
- Price per Sq Ft
- $70/sqft
- ZIP Code
- 04276
- Full Baths
- 4
- Stories
- 3
- Parking
- Paved, Common, 5 10 Spaces, Off Site
- Heating
- Gas Bottled, Propane, Baseboard, Hot Water
- Construction
- Wood Frame, Aluminum Siding
- County
- Oxford
- School District
- Regional School Unit 10
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Land Info
- Near Country Club
- Well Landscaped
- Rolling/Sloping
- Open
- Sidewalks
- Intown
- Near Golf Course
- Near Public Beach
- Near Shopping
- Neighborhood
- Land Lease: No
- Lot Size Acres: 0.14
- Lot Size Square Feet: 6098
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Utilities On
- Water Source: Public
Appliances
- Laundry Features: Upper Level, Main Level
Other Rooms
- Basement Features: Exterior Only, Finished, Walk-Out Access
Rental Info
- Gross Income: 62760
Home Features
- Other Equipment: Internet Access Available, Cable
Commercial Info
- Operating Expense: 16271
Multi-Unit Info
- Number of Units: 4
- Number of 1 Bedroom Units: 1
- Number of 3 Bedroom Units: 2
- Number of 4 Bedroom Units: 1
Interior Features
- Furnished Description: Unfurnished
- Flooring: Laminate, Tile, Vinyl, Wood
Garage and Parking
- Parking Features: Paved, Common, 5 - 10 Spaces, Off Site
School Information
- High School District: RSU 10
- School District: RSU 10
Heating and Cooling
- Heating Features: Gas Bottled, Propane, Baseboard, Hot Water
- Heating: Yes
Other Property Info
- Annual Tax Amount: 2034
- Source Listing Status: Active
- County: Oxford
- Directions: From US Route 2 in Rumford, turn onto Franklin Street, continue up the hill, turn left onto Oxford Avenue, then take the second left onto Pine Street and continue to 245 Pine Street on your left.
- Tax Year: 2025
- Parcel Number: RUMF-000116-000000-000101
- Postal Code Plus 4: 2276
- Zoning: residential
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Pets Allowed: No Restrictions
Building and Construction
- Total Square Feet Living: 3350
- Year Built: 1905
- Above Grade Finished Area: 2250
- BelowGradeFinishedArea: 1100
- Building Area Total: 3350
- Construction Materials: Wood Frame, Aluminum Siding
- Foundation Details: Stone
- Levels: Multi-Level
- Property Age: 121
- Roof: Metal
- Levels or Stories: 3
- Total Above Grade Sqft Area: 2250
- Total Area Sqft: 3350
- Total Below Grade Area: 1100
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Jul 7, 2026 | Listed | $235,000 | $70 |
Location
Lat 44.54767 · Lng -70.55483