234 Knox St · Rumford, ME 04276

$195,000

4 bd · 1.0 ba · 1,628 sqft · MultiFamily public records · 102 Days on market

Built 1921 6,098 sqft lot $120/sqft · 79% above area Est $157k · 24% over ↓ 2% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.1/10.0
• Schools +6.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Wonderful, owner and family occupied 2 unit with new Propane boiler with on demand hot water. Newer architectural shingled roof and tons of renovations! 1st floor unit has 1 bedroom and a full bath. Large living/dining/kitchen, all open. All newer sheetrock finished walls. Such a beautiful, inviting place. 2nd floor is amazing as well. There is a kitchen, dining area and living room, full bath and 2 bedroom but there is a 3rd floor with this unit that has another full bath(with a whirlpool tub) and 2 more bedrooms! This unit also has a new pellet stove that is included. Fireplace on second floor is blocked off but there is a place where you can hook up a propane fireplace insert if desired. It truly is a great property and would be great as an owner occupied, just as it is now. There is a rear deck and fenced in back yard, complete with an above ground pool that is included. A detached, 2 car garage, too! The garage will need a new roof soon. The full basement houses the new boiler. Community concepts weatherized the home a while back and put in a new oil tank. Seller isn't using the tank now due to the new propane boiler. Both units have nice covered porches on the front of the building. Town water and sewer. Great neighborhood and just a few short minutes to all town amenities. A must see.

Key facts

• On demand hot water
• New propane boiler
• Above ground pool

Tags

• NEW PROPANE BOILER
• ON DEMAND HOT WATER
• NEW PELLET STOVE
• REAR DECK
• FENCED IN BACK YARD
• ABOVE GROUND POOL

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/?-bath units multifamily listed at $195k.

Deal economics

• At list price, monthly cash flow is $895 ($11k/yr) — positive. Per door: $447/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $195k).
• Recommended offer: $177k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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, schools F, amenities 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.
• Market conditions: 83 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 329 units permitted in Oxford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k 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 $55k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $177,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.41% ✓
• Cap rate: 11.80%
• Cash-on-cash: 19.67%
• DSCR: 1.88
• GRM: 5.9

CMA / ARV

• ARV (median comp): $156,934
• List price: $195,000
• Delta: 24.26%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
165 Oxford Ave	0.08mi	4/2.0	1,580 (-3%)	0mo	$52,000	$33	87
544 Hancock St	0.50mi	3/2.0 (-1)	1,680 (+3%)	12mo	$185,000	$110	52

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

Projected returns pro-forma

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

5-year hold

• IRR: 38.9%
• Equity multiple: 3.99×
• Total profit: $163,199
• Equity at exit: $175,671

10-year hold

• IRR: 33.5%
• Equity multiple: 8.98×
• Total profit: $435,768
• Equity at exit: $378,842

Cash invested: $54,600 (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: 83
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,749 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$173 /mo · $2,075/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$577
• Net cashflow: $895

Break-even live

Break-even rent $1,616

Max offer price $195,000

Occupancy floor 62%

Sensitivity live

Price	-10% $1,005	-5% $950	+0% $895	+5% $840	+10% $785
Rent	-10% $678	-5% $786	+0% $895	+5% $1,004	+10% $1,112
Rate	-1.0pp $993	-0.5pp $945	base $895	+0.5pp $844	+1.0pp $793

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	—	$2,748
Total (2 units)			$2,749

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37 Erchles St Unit 1 Rumford, ME	4.0	1.0	1440	$1,650	$1.15	44d	1	0.25mi

Listing history 20 events

1. 2026-06-21
   days on market $195,000 Active 102 DOM
2. 2026-06-18
   days on market $195,000 Active 100 DOM
3. 2026-06-17
   days on market $195,000 Active 99 DOM
4. 2026-06-16
   days on market $195,000 Active 98 DOM
5. 2026-06-15
   days on market $195,000 Active 97 DOM
6. 2026-06-13
   days on market $195,000 Active 95 DOM
7. 2026-06-12
   days on market $195,000 Active 94 DOM
8. 2026-06-09
   days on market $195,000 Active 91 DOM
9. 2026-06-08
   days on market $195,000 Active 90 DOM
10. 2026-06-07
    days on market $195,000 Active 89 DOM
11. 2026-06-07
    days on market $195,000 Active 88 DOM
12. 2026-06-04
    days on market $195,000 Active 85 DOM
13. 2026-06-02
    days on market $195,000 Active 84 DOM
14. 2026-06-01
    days on market $195,000 Active 83 DOM
15. 2026-05-31
    days on market $195,000 Active 82 DOM
16. 2026-05-31
    days on market $195,000 Active 81 DOM
17. 2026-05-12
    status Active 1320-char remark

    Show marketing remark (1320 chars)

    Wonderful, owner and family occupied 2 unit with new Propane boiler with on demand hot water. Newer architectural shingled roof and tons of renovations! 1st floor unit has 1 bedroom and a full bath. Large living/dining/kitchen, all open. All newer sheetrock finished walls. Such a beautiful, inviting place. 2nd floor is amazing as well. There is a kitchen, dining area and living room, full bath and 2 bedroom but there is a 3rd floor with this unit that has another full bath(with a whirlpool tub) and 2 more bedrooms! This unit also has a new pellet stove that is included. Fireplace on second floor is blocked off but there is a place where you can hook up a propane fireplace insert if desired. It truly is a great property and would be great as an owner occupied, just as it is now. There is a rear deck and fenced in back yard, complete with an above ground pool that is included. A detached, 2 car garage, too! The garage will need a new roof soon. The full basement houses the new boiler. Community concepts weatherized the home a while back and put in a new oil tank. Seller isn't using the tank now due to the new propane boiler. Both units have nice covered porches on the front of the building. Town water and sewer. Great neighborhood and just a few short minutes to all town amenities. A must see.

18. 2026-05-12
    price $195,000 1320-char remark

    Show marketing remark (1320 chars)

    Wonderful, owner and family occupied 2 unit with new Propane boiler with on demand hot water. Newer architectural shingled roof and tons of renovations! 1st floor unit has 1 bedroom and a full bath. Large living/dining/kitchen, all open. All newer sheetrock finished walls. Such a beautiful, inviting place. 2nd floor is amazing as well. There is a kitchen, dining area and living room, full bath and 2 bedroom but there is a 3rd floor with this unit that has another full bath(with a whirlpool tub) and 2 more bedrooms! This unit also has a new pellet stove that is included. Fireplace on second floor is blocked off but there is a place where you can hook up a propane fireplace insert if desired. It truly is a great property and would be great as an owner occupied, just as it is now. There is a rear deck and fenced in back yard, complete with an above ground pool that is included. A detached, 2 car garage, too! The garage will need a new roof soon. The full basement houses the new boiler. Community concepts weatherized the home a while back and put in a new oil tank. Seller isn't using the tank now due to the new propane boiler. Both units have nice covered porches on the front of the building. Town water and sewer. Great neighborhood and just a few short minutes to all town amenities. A must see.

19. 2026-02-09
    historical 1320-char remark

    Show marketing remark (1320 chars)

    Wonderful, owner and family occupied 2 unit with new Propane boiler with on demand hot water. Newer architectural shingled roof and tons of renovations! 1st floor unit has 1 bedroom and a full bath. Large living/dining/kitchen, all open. All newer sheetrock finished walls. Such a beautiful, inviting place. 2nd floor is amazing as well. There is a kitchen, dining area and living room, full bath and 2 bedroom but there is a 3rd floor with this unit that has another full bath(with a whirlpool tub) and 2 more bedrooms! This unit also has a new pellet stove that is included. Fireplace on second floor is blocked off but there is a place where you can hook up a propane fireplace insert if desired. It truly is a great property and would be great as an owner occupied, just as it is now. There is a rear deck and fenced in back yard, complete with an above ground pool that is included. A detached, 2 car garage, too! The garage will need a new roof soon. The full basement houses the new boiler. Community concepts weatherized the home a while back and put in a new oil tank. Seller isn't using the tank now due to the new propane boiler. Both units have nice covered porches on the front of the building. Town water and sewer. Great neighborhood and just a few short minutes to all town amenities. A must see.

20. 2025-12-08
    listed $198,000 Active 1320-char remark

    Show marketing remark (1320 chars)

    Wonderful, owner and family occupied 2 unit with new Propane boiler with on demand hot water. Newer architectural shingled roof and tons of renovations! 1st floor unit has 1 bedroom and a full bath. Large living/dining/kitchen, all open. All newer sheetrock finished walls. Such a beautiful, inviting place. 2nd floor is amazing as well. There is a kitchen, dining area and living room, full bath and 2 bedroom but there is a 3rd floor with this unit that has another full bath(with a whirlpool tub) and 2 more bedrooms! This unit also has a new pellet stove that is included. Fireplace on second floor is blocked off but there is a place where you can hook up a propane fireplace insert if desired. It truly is a great property and would be great as an owner occupied, just as it is now. There is a rear deck and fenced in back yard, complete with an above ground pool that is included. A detached, 2 car garage, too! The garage will need a new roof soon. The full basement houses the new boiler. Community concepts weatherized the home a while back and put in a new oil tank. Seller isn't using the tank now due to the new propane boiler. Both units have nice covered porches on the front of the building. Town water and sewer. Great neighborhood and just a few short minutes to all town amenities. A must see.

ⓘ 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: $2,075 · $173/mo
• Projected year-2 tax: $2,364 · $197/mo
• Expected delta: +$288/yr (+$24/mo · 13.9%)

ⓘ 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 2/10 Low 8 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $32,988
• − Mortgage interest: −$10,923
• − Property taxes: −$2,075
• − Insurance: −$975
• − Repairs & maintenance: −$2,639
• − Management: −$2,639
• − Depreciation: −$5,673
• Taxable income: $8,064
• Est. tax owed @ 24.0%: −$1,935
• After-tax cash flow: $8,804/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

-1.5% since first listed

4 events — show timeline

• 2026-05-12 Relisted — MREIS
• 2026-05-12 Price Changed $195,000 MREIS
• 2026-02-09 Delisted — MREIS
• 2025-12-08 Listed $198,000 MREIS

Property tax history

+3.9%/yr

Latest (2025): $2,075 · +12.7% YoY. Source: county tax records.