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322 Waldo Street, 
Rumford, ME 04276

$420,000

—

Bed

7

Baths

5,850

Sq Ft

Multi-Family

Pending

Listed by

Tyler Stewart

Keller Williams Realty

Last updated:

February 19, 2026, 09:56 PM

MLS#

1646827

Source:

ME MREIS

About This Home

322 Waldo Street

Well-maintained brick 7-unit multifamily consisting of seven (7) 3-bedroom apartments, all fully occupied and producing consistent cash flow. The larger unit configuration supports strong tenant demand and long-term rental stability. The property benefits from multiple major capital upgrades, including a new roof in 2023, upgraded electrical and service panels, and an installed fire suppression system, enhancing both safety and operational reliability. A large paved parking lot adds convenience for tenants and further strengthens overall functionality. Currently operating at a 13.2% cap rate, this asset offers an attractive combination of strong in-place income and solid physical fundamentals. Well suited for investors seeking a durable, high-performing multifamily property with minimal deferred maintenance.

Home Facts

Multi-Family

7 Baths

Built in 1920

Price Summary

420,000

$71 per Sq. Ft.

MLS #:

1646827

Last Updated:

February 19, 2026, 09:56 PM

Rooms & Interior

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7

Interior

Living Area:

5,850 Sq. Ft.

Structure

Structure

Building Area:

5,850 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

12,196

Finances & Disclosures

Finances

Price:

$420,000

Price per Sq. Ft:

$71 per Sq. Ft.

MLS Logo
MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.