$1,775

closing credit¹

624 Prospect Ave Rumford, ME 04276

$149,500
2 full
2,660 sqft
0.3 acres
House

Property details

About 624 Prospect Ave

Unlock the potential of this spacious multi-unit property located in the heart of Rumford. This 7-bedroom, 2-bathroom, 2660sq ft building is ready for the right investor to bring it back to life. Additional parking area off Luxton Ave. Property Highlights: Unit 1: Features 3 bedrooms, offering excellent rental income potential. Unit 2: Includes 4 bedrooms, perfect for a family or roommates. One bathroom is handicap accessible, increasing the building's appeal to a wider tenant base. Prime opportunity for a value-add rehab project to maximize ROI. Why Invest Here? This property is ideal for seasoned investors or those ready to jump into the lucrative world of real estate. With some TLC and updates, this building can become a high-yield rental property in a growing rental market. Rumford offers a blend of charm, community, and outdoor recreation, attracting tenants and buyers alike. 💰 Don't miss out! Contact us today for more details or to schedule a showing. Let's turn this diamond in the rough into a gem that generates lasting returns!

Highlights

Home typeOther
HeatingBaseboard
StatusActive
Size2,660 sqft
BasementYes
Lot size0.26 Acres
Year built1900
Parking5 - 10 Spaces, Paved, Off Site, On Site
MLS #1612374
ViewMountain(s)

Summary

  • MLS Number: 1612374
  • MLS Name: Maine Listings
  • Office Name: EXP Realty
  • Office Phone: (888) 439-8743
  • Office Email: me.broker@exprealty.net

IDXDisclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home featuring a porch

$149,500

624 Prospect Ave

$1,775

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

2

Rumford Elementary School

Public District PK-5

1.5 mi

121 Lincoln Ave

1

Meroby Elementary School

Public District PK-5

1.8 mi

21 Cross St

1

Dirigo Elementary School

Public District PK-5

4.5 mi

117 Auburn Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,113. The most common annual income of people living in Rumford, ME is less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

46%
<35k
45%
35k-100k
9%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

48%
Single, No Kids
10%
Single, with Kids
30%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
9%
12-17 yrs old
15%
18-34 yrs old
43%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • GMCGMC
  • RamRam
  • ChevroletChevrolet

What do the neighbors listen to?

  • Classic CountryClassic Country
  • New CountryNew Country
  • CountryCountry
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Rumford, ME

About 624 Prospect Ave

This home is located at 624 Prospect Ave in Rumford, ME and zip code 04276. This 2,660 square foot home, which was built in 1900, sits on a 0.26 acre lot. Features: 2 bathrooms. It is currently priced at $149,500.

From Rocket Homes Real Estate and based on county public records data.

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