96 N Main St · Rockland, ME 04841

$199,000

4 bd · 1.5 ba · 2,582 sqft · SingleFamily public records · 163 Days on market

Built 1900 0.29 ac lot $77/sqft · 49% below area Est $393k · 49% under

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Why this score? — see what drove the C 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 +16.8/30.0
• ARV discount +15.0/15.0
• 1% rule +7.2/10.0
• Schools +6.8/10.0
• DSCR +5.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

Key facts

• Large victorian
• Dine-in area
• Classic dining room

Tags

• LARGE VICTORIAN
• DINE-IN AREA
• CLASSIC DINING ROOM
• FOUR-SEASON SUNPORCH
• UNFINISHED ATTIC
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $127 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.3% in Rockland — 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 62/100 on livability (#116 in ME) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools D, amenities F, commute F.
• RSU 13 (town): math 77% / reading 85% proficiency, ranked #84 of 112 in ME (top 75%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 71 active listings in the ZIP; 160 units permitted in Knox County in 2024 (58 in 5+ unit buildings).
• At $2,424/mo this rent would consume 51% of the median local household income ($57k/yr) (locally 279% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Knox County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.0% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 73% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 D-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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.22% ✓
• Cap rate: 7.06%
• Cash-on-cash: 2.73%
• DSCR: 1.12
• GRM: 6.8

CMA / ARV

• ARV (median comp): $393,091
• List price: $199,000
• Delta: -49.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
96 N Main St	0.00mi	3/2.0 (-1)	2,582 (0%)	0mo	$185,000	$72	93
294 Broadway	0.41mi	3/3.0 (-1)	2,532 (-2%)	5mo	$725,000	$286	63
31 Talbot Ave	0.46mi	4/3.0	2,710 (+5%)	3mo	$421,000	$155	62
166 Cedar St	0.41mi	3/2.0 (-1)	2,215 (-14%)	1mo	$370,000	$167	49
11 Tillson Ave	0.75mi	4/—	2,391 (-7%)	5mo	$380,000	$159	48
13 Olympic Ave	0.61mi	4/2.5	2,699 (+4%)	16mo	$385,000	$143	47
71 Summer St	0.50mi	3/2.0 (-1)	2,840 (+10%)	10mo	$625,000	$220	44
40 Shaw Ave	0.61mi	4/3.0	2,895 (+12%)	8mo	$425,000	$147	39
157 Talbot Ave	0.60mi	3/2.5 (-1)	2,694 (+4%)	21mo	$660,000	$245	39
26 Shaw Ave	0.65mi	3/1.5 (-1)	2,305 (-11%)	12mo	$650,000	$282	36
468 Old County Rd	0.74mi	5/3.5 (+1)	2,829 (+10%)	19mo	$650,000	$230	20
34 High St	0.73mi	3/2.5 (-1)	2,256 (-13%)	20mo	$487,500	$216	19

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -11.8%
• Equity multiple: 0.57×
• Total profit: $-23,892
• Equity at exit: $29,672

10-year hold

• IRR: -2.4%
• Equity multiple: 0.83×
• Total profit: $-9,241
• Equity at exit: $17,206

Cash invested: $55,720 (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 04841

• Home prices YoY: -17.8%
• Active inventory: 71
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,424 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$662 /mo · $7,940/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$509
• Net cashflow: $127

Break-even live

Break-even rent $2,263

Max offer price $199,000

Occupancy floor 90%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-04-29
   price $199,000 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

2. 2026-03-26
   status Active 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

3. 2026-03-26
   price $215,000 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

4. 2026-03-16
   status Pending 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

5. 2026-01-07
   price $235,000 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

6. 2025-12-01
   listed $249,000 Active 1495-char remark

   Show marketing remark (1495 chars)

   Step into the timeless charm of this large Victorian, brimming with character, natural light, and room to grow. Ready for its next steward to restore it to its historic roots, this home requires extensive repairs—offering a rare opportunity for buyers seeking a true restoration project in the heart of Rockland. The first floor welcomes you with a kitchen with a dine-in area, flowing seamlessly into a classic dining room and living room where hardwood floors and large windows set a warm, inviting tone. A bonus room on this level offers flexible use as a fourth bedroom, office, or creative space, while an attached four-season sunporch off the dining room adds an extra layer of charm—perfect for morning coffee or plant lovers. Upstairs, you'll find three comfortable bedrooms, two full bathrooms, and an additional oversized closet or petite office, ideal for storage, hobbies, or a tucked-away work nook. Need more space? The unfinished attic provides exciting expansion potential, allowing you to envision a studio, playroom, or bonus living area. Outside, the home sits on a generous lot with a large backyard, offering room to garden, entertain, or simply enjoy the outdoors. Located just moments from downtown Rockland, you'll have easy access to the city's vibrant arts scene, dining, waterfront, and year-round community events. Let this historic Victorian be your next project—full of character, potential, and a chance to bring something beautiful back to life.

7. 2004-01-26
   soldstatus $175,000

ⓘ 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: $7,940 · $662/mo
• Projected year-2 tax: $7,940 · $662/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥85°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,085
• − Mortgage interest: −$11,147
• − Property taxes: −$7,940
• − Insurance: −$995
• − Repairs & maintenance: −$2,327
• − Management: −$2,327
• − Depreciation: −$5,789
• Taxable loss: −$1,440
• Est. tax savings @ 24.0%: +$345
• After-tax cash flow: $1,865/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 13
• NCES district ID: 2314787
• Math proficiency: 77% ▲ 51.00%
• Reading proficiency: 85% ▲ 36.00%
• Median HH income: $43,177
• Composite: 67.81/100
• National rank: #363
• State rank: #84 of 112 in ME

Livability — Rockland

• Score: 62/100
• State rank: #116
• US rank: #16831

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockland, ME
• County: Knox County · 7,035 people
• City population: 7,035
• Metro: nan
• Population (ZIP): 7,035
• Household income: $56,533
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 279.0

Population outlook (Knox County) Hauer SSP2

• Today (2025): 39,304 people
• By 2030: 38,497 · -2.1%
• By 2040: 36,090 · -8.2%
• By 2050: 33,681 · -14.3%
• By 2075: 29,934 · -23.8%
• By 2100: 24,633 · -37.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Slovak 12% Serbian 8% Lithuanian 5%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 2%

Political lean MEDSL · Knox

• 2024 margin: D (+18.6) · D 58.2% · R 39.6% · Other 2.1%
• 2008→2024 swing: -2.8pp toward R · 2008: 21.4pp · 2024: 18.6pp
• All cycles: 2024: D+18.6 2020: D+19.9 2016: D+14.3 2012: D+22.6 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.90%
• Current HPI: 341.7862
• Rent YoY: —
• Metro: nan
• State GDP YoY: —
• F500 in state: 0

Price history

+13.7% since first listed

7 events — show timeline

• 2026-04-29 Price Changed $199,000 MREIS
• 2026-03-26 Relisted — MREIS
• 2026-03-26 Price Changed $215,000 MREIS
• 2026-03-16 Pending — MREIS
• 2026-01-07 Price Changed $235,000 MREIS
• 2025-12-01 Listed $249,000 MREIS
• 2004-01-26 Sold (Public Records) $175,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $7,940 · +17.1% YoY. Source: county tax records.