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Bean Group
Offered at $235,000Active
beds
—
baths
4
sq ft
3,350
Built
1905

245 Pine Street

Rumford, ME 04276

About this home

Investment opportunity with this 4-unit apartment building featuring one currently leased unit and three vacant units, 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. The seller also has two additional rental properties available and would be willing to package them together for an expanded investment opportunity.

Listing last checked: Listing updated:

Listed by Listing Agent · Coldwell Banker Sandy River Realty · MLS #1670829

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Details at a glance

Interior3 property facts
Heating
Propane, Baseboard, Hot Water
Cooling
None
Flooring
Laminate, Tile, Vinyl, Wood
Building5 property facts
Style
Other
Year built
1905
Garage
0
Foundation
Stone, Other
Roof
Metal
Land & utilities4 property facts
Lot size
0.14 acres
Water
Public
Sewer
Public Sewer
Zoning
residential
Financial2 property facts
Annual taxes
$2,034
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $235,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,358 / monthAdjust
Principal & interest
$1,188
Property tax
$170
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $2,034. 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 245 Pine Street

Can I request a private showing?

Request a tour of 245 Pine 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.