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About the Listing 3237 - 023572
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.
Listing Highlights for 22 Prospect Ave And Spruce St
Status
Pending
Days on Site
24
Property Type
Commercial Sale
MLS ®
1633983
Year Built
Total Square Footage
4,812
Lot/Acreage
0.26
County
Oxford
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Zoning: Residential
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,On Site
Financial Details
- Tax Amount: $2,299
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
22 Prospect Ave And Spruce St Rumford, ME 04276
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