16 Rangeley Pl · Rumford, ME 04276

$144,999

3 bd · 1.5 ba · 966 sqft · MultiFamily public records · 214 Days on market

Built 1905 2,178 sqft lot $150/sqft · 234% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.9/30.0
• Appreciation +10.0/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Schools +6.3/10.0
• 1% rule +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Why pay rent when you can own this home? Home will be vacant on 1/15/26! Move right in! This well maintained, 3-bedroom, 1.5-bath home offers a blend of classic character and modern updates. Recent improvements include a newer roof, vinyl siding, and an electric water heater—making this home move-in ready with minimal upkeep required. The property features an enclosed finished porch, an unfinished basement offering great storage potential, and a one-car garage. The fenced yard provides privacy on three sides while remaining low-maintenance—perfect for homeowners or tenants alike. Conveniently located near Black Mountain and Sunday River ski resorts, and within a short drive to the scenic Rangeley Lakes region, this home is ideal for outdoor enthusiasts year-round. You'll also enjoy all the conveniences of your local community—shopping, dining, schools, and services are all close at hand. Currently occupied by a tenant at under-market rent, this property presents an excellent opportunity for either investment or owner-occupancy. Buyers are encouraged to conduct their own due diligence regarding lease terms and tenancy. Don't miss your chance to own this versatile and inviting home today!

Key facts

• Fenced yard
• Newer roof
• Unfinished basement

Tags

• NEWER ROOF
• VINYL SIDING
• ELECTRIC WATER HEATER
• ENCLOSED FINISHED PORCH
• UNFINISHED BASEMENT
• FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath multifamily listed at $145k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 6.0% in Rumford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#39 in ME, #4,030 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D, amenities F, employment F.
• RSU 10 (rural): math 72% / reading 79% proficiency, ranked #107 of 112 in ME (top 96%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Rumford Elementary (math 62% / reading 67%, grade B, #279 of 294 statewide, top 95%, 261 students, 72% FRL); Mountain Valley Middle School (math 69% / reading 78%, grade A, #79 of 85 statewide, top 95%, 354 students, 76% FRL); Mountain Valley High School (math 74% / reading 84%, grade A-, #99 of 108 statewide, top 95%, 388 students, 71% FRL).
• Market conditions: 82 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 329 units permitted in Oxford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
• Oxford County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 214 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1905 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 214 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.34%
• DSCR: 1.37
• GRM: 8.0

CMA / ARV

• ARV (median comp): $55,783
• List price: $144,999
• Delta: 159.93%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 3.28×
• Total profit: $92,724
• Equity at exit: $130,627

10-year hold

• IRR: 25.1%
• Equity multiple: 7.46×
• Total profit: $262,252
• Equity at exit: $281,701

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04276

• Home prices YoY: 4.4%
• Active inventory: 82
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,504 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$85 /mo · $1,017/yr
• Insurance: −$60
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $216

Break-even live

Break-even rent $1,230

Max offer price $144,999

Occupancy floor 81%

Sensitivity live

Price	-10% $298	-5% $257	+0% $216	+5% $175	+10% $134
Rent	-10% $97	-5% $156	+0% $216	+5% $275	+10% $335
Rate	-1.0pp $289	-0.5pp $253	base $216	+0.5pp $178	+1.0pp $140

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 Cumberland St Unit 2R Rumford, ME	3.0	1.0	1000	$1,500	$1.50	45d	1	0.09mi
30 Falmouth St Rumford, ME	3.0	1.0	1000	$1,700	$1.70	45d	1	0.10mi
25 Maine Ave Unit 3R Rumford, ME	2.0	1.0	750	$1,100	$1.47	46d	1	0.17mi

Listing history 24 events

1. 2026-06-21
   days on market $144,999 Active 214 DOM
2. 2026-06-21
   days on market $144,999 Active 213 DOM
3. 2026-06-18
   days on market $144,999 Active 211 DOM
4. 2026-06-17
   days on market $144,999 Active 210 DOM
5. 2026-06-16
   days on market $144,999 Active 209 DOM
6. 2026-06-15
   days on market $144,999 Active 208 DOM
7. 2026-06-13
   days on market $144,999 Active 206 DOM
8. 2026-06-12
   days on market $144,999 Active 205 DOM
9. 2026-06-09
   days on market $144,999 Active 202 DOM
10. 2026-06-08
    days on market $144,999 Active 201 DOM
11. 2026-06-07
    days on market $144,999 Active 200 DOM
12. 2026-06-07
    days on market $144,999 Active 199 DOM
13. 2026-06-04
    days on market $144,999 Active 196 DOM
14. 2026-06-02
    days on market $144,999 Active 195 DOM
15. 2026-06-01
    days on market $144,999 Active 194 DOM
16. 2026-05-31
    days on market $144,999 Active 193 DOM
17. 2026-05-31
    days on market $144,999 Active 192 DOM
18. 2026-05-09
    price $144,999 1223-char remark

    Show marketing remark (1223 chars)

    Why pay rent when you can own this home? Home will be vacant on 1/15/26! Move right in! This well maintained, 3-bedroom, 1.5-bath home offers a blend of classic character and modern updates. Recent improvements include a newer roof, vinyl siding, and an electric water heater—making this home move-in ready with minimal upkeep required. The property features an enclosed finished porch, an unfinished basement offering great storage potential, and a one-car garage. The fenced yard provides privacy on three sides while remaining low-maintenance—perfect for homeowners or tenants alike. Conveniently located near Black Mountain and Sunday River ski resorts, and within a short drive to the scenic Rangeley Lakes region, this home is ideal for outdoor enthusiasts year-round. You'll also enjoy all the conveniences of your local community—shopping, dining, schools, and services are all close at hand. Currently occupied by a tenant at under-market rent, this property presents an excellent opportunity for either investment or owner-occupancy. Buyers are encouraged to conduct their own due diligence regarding lease terms and tenancy. Don't miss your chance to own this versatile and inviting home today!

19. 2025-12-18
    price $148,800 1223-char remark

    Show marketing remark (1223 chars)

    Why pay rent when you can own this home? Home will be vacant on 1/15/26! Move right in! This well maintained, 3-bedroom, 1.5-bath home offers a blend of classic character and modern updates. Recent improvements include a newer roof, vinyl siding, and an electric water heater—making this home move-in ready with minimal upkeep required. The property features an enclosed finished porch, an unfinished basement offering great storage potential, and a one-car garage. The fenced yard provides privacy on three sides while remaining low-maintenance—perfect for homeowners or tenants alike. Conveniently located near Black Mountain and Sunday River ski resorts, and within a short drive to the scenic Rangeley Lakes region, this home is ideal for outdoor enthusiasts year-round. You'll also enjoy all the conveniences of your local community—shopping, dining, schools, and services are all close at hand. Currently occupied by a tenant at under-market rent, this property presents an excellent opportunity for either investment or owner-occupancy. Buyers are encouraged to conduct their own due diligence regarding lease terms and tenancy. Don't miss your chance to own this versatile and inviting home today!

20. 2025-11-26
    price $153,800 1223-char remark

    Show marketing remark (1223 chars)

    Why pay rent when you can own this home? Home will be vacant on 1/15/26! Move right in! This well maintained, 3-bedroom, 1.5-bath home offers a blend of classic character and modern updates. Recent improvements include a newer roof, vinyl siding, and an electric water heater—making this home move-in ready with minimal upkeep required. The property features an enclosed finished porch, an unfinished basement offering great storage potential, and a one-car garage. The fenced yard provides privacy on three sides while remaining low-maintenance—perfect for homeowners or tenants alike. Conveniently located near Black Mountain and Sunday River ski resorts, and within a short drive to the scenic Rangeley Lakes region, this home is ideal for outdoor enthusiasts year-round. You'll also enjoy all the conveniences of your local community—shopping, dining, schools, and services are all close at hand. Currently occupied by a tenant at under-market rent, this property presents an excellent opportunity for either investment or owner-occupancy. Buyers are encouraged to conduct their own due diligence regarding lease terms and tenancy. Don't miss your chance to own this versatile and inviting home today!

21. 2025-11-20
    listed $158,900 Active 1223-char remark

    Show marketing remark (1223 chars)

    Why pay rent when you can own this home? Home will be vacant on 1/15/26! Move right in! This well maintained, 3-bedroom, 1.5-bath home offers a blend of classic character and modern updates. Recent improvements include a newer roof, vinyl siding, and an electric water heater—making this home move-in ready with minimal upkeep required. The property features an enclosed finished porch, an unfinished basement offering great storage potential, and a one-car garage. The fenced yard provides privacy on three sides while remaining low-maintenance—perfect for homeowners or tenants alike. Conveniently located near Black Mountain and Sunday River ski resorts, and within a short drive to the scenic Rangeley Lakes region, this home is ideal for outdoor enthusiasts year-round. You'll also enjoy all the conveniences of your local community—shopping, dining, schools, and services are all close at hand. Currently occupied by a tenant at under-market rent, this property presents an excellent opportunity for either investment or owner-occupancy. Buyers are encouraged to conduct their own due diligence regarding lease terms and tenancy. Don't miss your chance to own this versatile and inviting home today!

22. 2025-10-01
    price $154,900
23. 2025-07-17
    price $159,900
24. 2017-01-13
    price $27,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $1,017 · $85/mo
• Projected year-2 tax: $1,494 · $125/mo
• Expected delta: +$477/yr (+$40/mo · 47.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥90°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,044
• − Mortgage interest: −$8,122
• − Property taxes: −$1,017
• − Insurance: −$1,522
• − Repairs & maintenance: −$1,444
• − Management: −$1,444
• − Depreciation: −$4,218
• Taxable income: $277
• Est. tax owed @ 24.0%: −$66
• After-tax cash flow: $2,524/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: RSU 10
• NCES district ID: 2314795
• Math proficiency: 72% ▲ 50.00%
• Reading proficiency: 79% ▲ 34.00%
• Median HH income: $37,647
• Composite: 62.72/100
• National rank: #671
• State rank: #107 of 112 in ME

Livability — Rumford

• Score: 75/100
• State rank: #39
• US rank: #4030

Category grades

Amenities F Commute D Cost of living A+ Crime B Employment F Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rumford, ME
• Population (ZIP): 5,918

Population outlook (Oxford County) Hauer SSP2

• Today (2025): 55,853 people
• By 2030: 54,190 · -3.0%
• By 2040: 49,484 · -11.4%
• By 2050: 43,958 · -21.3%
• By 2075: 32,308 · -42.2%
• By 2100: 21,858 · -60.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4%
• Common ancestry: Lithuanian 27% Slovak 5% German 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Tagalog/Filipino 1%

Political lean MEDSL · Oxford

• 2024 margin: R (+12.9) · D 42.7% · R 55.6% · Other 1.7%
• 2008→2024 swing: -28.9pp toward R · 2008: 16.0pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+8.8 2016: R+13.0 2012: D+14.9 2008: D+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.73%
• Current HPI: 301.2786
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+437.0% since first listed

7 events — show timeline

• 2026-05-09 Price Changed $144,999 MREIS
• 2025-12-18 Price Changed $148,800 MREIS
• 2025-11-26 Price Changed $153,800 MREIS
• 2025-11-20 Listed $158,900 MREIS
• 2025-10-01 Price Changed $154,900 MREIS
• 2025-07-17 Price Changed $159,900 MREIS
• 2017-01-13 Price Changed $27,000 MREIS

Property tax history

-1.7%/yr

Latest (2025): $1,017 · +12.7% YoY. Source: county tax records.