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Property view

22 Prospect Ave And Spruce St, 
Rumford, ME 04276

$395,000


Bed


6

Baths


4,812

Sq Ft


Multi-Family

Sold

Listed by

Kyle Dennis

Bought with Pouliot Real Estate

Pouliot Real Estate

MLS#

1634004

Source:

ME MREIS

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About This Home

22 Prospect Ave And Spruce St

Strong-performing 6-unit in the heart of Rumford with rare tenant-paid heat. An excellent value-add opportunity in a steady Oxford County rental market, this well-positioned 6-unit includes three spacious 2-bedroom apartments and three 1-bedroom units. Several units have been refreshed with new flooring and fresh paint, while the building's most notable upgrade replaced the former oil-fired heating system with individual propane monitor heaters—a rare and highly desirable setup in Maine that allows tenants to pay for their own heat. Additional income potential comes from the coin-operated laundry in the basement and a separately deeded adjacent lot currently used for off-street parking. With town water and sewer available, the lot may also offer future development opportunities (buyer to confirm). Situated just minutes from downtown Rumford's shops, restaurants, and community amenities, the property is within reach of outdoor recreation at Black Mountain Ski Resort, the Androscoggin River, and nearby hiking trails—appealing to year-round tenants. With its strong rental history, energy-efficient heating setup, and location in a in-demand area, this property is an ideal choice for investors looking to expand their portfolio without the costs of a full renovation.

Home Facts

Multi-Family

6 Baths

Built in 1910

Price Summary

439,900

$91 per Sq. Ft.

MLS #:

1634004

Sold:

November 7, 2025


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,812 Sq. Ft.


Structure

Structure

Building Area:

4,812 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

11,325


Finances & Disclosures

Finances

Price:

$439,900

Price per Sq. Ft:

$91 per Sq. Ft.

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