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Offered at $285,000Active
beds
—
baths
3
sq ft
3,654
Built
1915

232 Franklin Street

Rumford, ME 04276

About this home

Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this opportunity is worth exploring. This well maintained property features 3 spacious 3-bedroom apartments with many updates already completed. A detached 3 bay garage provides valuable off street parking for tenants or the potential for additional rental income and storage opportunities. Outside, the property features a nice yard, providing space for tenants or owners to relax, entertain, or enjoy the outdoors. With strong income potential and flexibility for both investors and owner occupants, this property is a smart addition to any real estate portfolio.

Listing last checked: Listing updated:

Listed by Listing Agent · Cassie Mason Real Estate · MLS #1673795

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Details at a glance

Interior3 property facts
Heating
Oil, Baseboard, Hot Water, Zoned
Cooling
None
Flooring
Vinyl, Hardwood
Building5 property facts
Style
Other
Year built
1915
Garage
3
Foundation
Stone
Roof
Shingle
Land & utilities4 property facts
Lot size
0.25 acres
Water
Public
Sewer
Public Sewer
Zoning
Residential
Financial2 property facts
Annual taxes
$3,220
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $285,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,709 / monthAdjust
Principal & interest
$1,441
Property tax
$268
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $3,220. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 232 Franklin Street

Can I request a private showing?

Request a tour of 232 Franklin Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.