Four-Unit Multifamily
For Sale
$849,900
147-151 Dirigo Road, China, ME 04358
Multiple residential buildings combine owner-occupant space, apartment units, garages, and shared outdoor amenities.
Property Size2,806 SF
Price / SF$302.89
Days on Market57
Property Features for 147-151 Dirigo Road
General Information
Standard status
Active
Size
2,806 SF
Total Parking Spaces
6
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
2 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
4
Amenities
in-ground pool
private patio
laundry
fieldstone fireplace
Building Details
Year Built
1963
Buildings
3
Listing Agency:
Brookewood Realty
(207) 879-9800
Listed By:
William Logan
(207) 680-3667
Source:
Portsiderealestategroup
Added: Jul 4
Changed: Aug 28
Last Checked: Aug 26 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookewood Realty
Investment Insights
Based on property information with market context.
This four-unit multifamily property combines a primary three-bedroom ranch with additional residential space across two separate structures. The main home includes an open living and kitchen arrangement, a center island, fieldstone fireplace, finished basement with laundry, attached two-car garage, private patio, and in-ground pool. A three-bedroom apartment is positioned above a four-bay garage, while another building contains one two-bedroom apartment and one one-bedroom apartment.
The property is located at 147-151 Dirigo Rd in China, Maine. Built in 1963, the compound brings together a mix of residential units, garage capacity, and outdoor features within one property. The configuration supports multiple occupancy arrangements while retaining the character and functionality of a standalone residential setting.
The property is located at 147-151 Dirigo Rd in China, Maine. Built in 1963, the compound brings together a mix of residential units, garage capacity, and outdoor features within one property. The configuration supports multiple occupancy arrangements while retaining the character and functionality of a standalone residential setting.
Key Highlights
- Four‑unit multifamily configuration across three residential buildings
- Three‑bedroom ranch with finished basement, laundry, and attached two‑car garage
- Three‑bedroom apartment located above a four‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,700
$546.7K
Cap Rate 7%
$390,500
$390.5K
Cap Rate 9%
$303,722
$303.7K
Market Conditions
NOI Build-Up for 2,806 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.5K $18.00/SF
− Vacancy
−$808 −$0.29/SF
EGI
$49.7K $17.71/SF
− OpEx
−$22.4K −$7.97/SF
NOI
$27.3K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,700
Cap Rate 7%
$390,500
Cap Rate 9%
$303,722
Alternative Uses
Best Use
Apartment 5plus
$390.5K
$341.7K – $455.6K
NOI $27,335 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.19M
$3.66M – $4.88M
NOI $293,040 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 04358, ME
4,373
Population
2,461
Households
1.8
Avg Household Size
46
Median Age
35%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
88
Density / Sq Mi
$93,825
Median Household Income
$48,548
Median Earnings
$1,000
Median Rent
$234,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple residential buildings combine owner-occupant space, apartment units, garages, and shared outdoor amenities.
Where is this multifamily property located?
The property is located at 147-151 Dirigo Road China, ME.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Four‑unit multifamily configuration across three residential buildings; Three‑bedroom ranch with finished basement, laundry, and attached two‑car garage; Three‑bedroom apartment located above a four‑bay garage
