About this home
Six-unit multifamily on Cumberland Street offering significant upside through filling vacancies. While the property is currently 50% vacant, all units are rent-ready and positioned for immediate occupancy. The property features separate electric and a functional layout that supports straightforward management. Once fully leased, the projected stabilized cap rate is over 18%, presenting a strong return profile for investors focused on cash flow and value creation. With units ready to be placed and clear income upside through stabilization, this asset offers a defined path to improved performance in a proven rental market. Financials available upon request.
Listing last checked: Listing updated:
Listed by Listing Agent · Elevate Maine Realty · MLS #1653046
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Details at a glance
Interior3 property facts
- Heating
- Electric, Oil, Baseboard
- Cooling
- None
- Flooring
- Tile, Vinyl
Building4 property facts
- Style
- Other
- Year built
- 1925
- Garage
- 0
- Roof
- Flat
Land & utilities4 property facts
- Lot size
- 0.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Unk
Financial2 property facts
- Annual taxes
- $2,611
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $300,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,735 / monthAdjust
- Principal & interest
- $1,517
- Property tax
- $218
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $2,611. 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 325 Cumberland Street
Can I request a private showing?
Request a tour of 325 Cumberland 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.