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624 Prospect Avenue, Rumford, ME 04276

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For Sale

$149,500

2 baths • 2,660 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $56.20
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 1612374

Courtesy Of EXP REALTY LLC
PO Box 864, Rangeley, ME 04970
(888) 439-8743

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Porch, Attic
  • Architecture Style
    Other
  • Exterior Type
    Asbestos
  • Floor Covering
    Carpet, Wood
  • Heating System
    Baseboard
  • Lot Size
    0.26 Acres

Map and Directions

Directions to 624 Prospect Avenue, Rumford, ME 04276

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Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage

(207) 782-2121
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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