Four-Unit Multifamily
For Sale
$799,900
147-151 Dirigo Road, China, ME 04358
Multi-Family, China, ME
Property Size2,806 SF
Lot Size6.00 Acres
Price / SF$285.07
Days on Market48
Property Features for 147-151 Dirigo Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Rural
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Basement, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Pets allowed
No
Interior features
1st Floor Bedroom
Basement
Finished, Full, Walk-Out Access
Lot features
Well Landscaped, Rural
Standard status
Active
Size
2,806 SF
Lot size
6.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7536
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Well, Private
Amenities
in-ground pool
Building Details
Year built
1963
Floors in Building
2
Number of units
4
Flooring type
Tile, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial, Ranch
Listing Agency:
Brookewood Realty
(207) 620-8212
Listed By:
William Logan
(207) 620-8212
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 30 at 6:06PM
MLS# 1671757
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property spans 6 acres in China, Maine, with 2,806 square feet of property size and Rural zoning. The principal residence is a 3-bedroom ranch with an open kitchen and center island, fieldstone fireplace, finished basement with laundry, attached two-car garage, private patio, and in-ground pool. Interior finishes include tile and wood flooring, while heating is provided by oil-fired hot water and baseboard systems.
A separate four-bay garage includes a 3-bedroom apartment above it. Another detached building contains one 2-bedroom apartment and one 1-bedroom apartment, creating a varied unit mix across the property. The buildings use private well water and a private septic system. Built in 1963, the property features wood-frame construction, vinyl siding, and shingle roofing.
A separate four-bay garage includes a 3-bedroom apartment above it. Another detached building contains one 2-bedroom apartment and one 1-bedroom apartment, creating a varied unit mix across the property. The buildings use private well water and a private septic system. Built in 1963, the property features wood-frame construction, vinyl siding, and shingle roofing.
Key Highlights
- Four‑unit configuration across three buildings
- 6‑acre property with Rural zoning
- 2,806 square feet of property size
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
3.42%
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 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.19M
$3.66M – $4.88M
NOI $293,040 @ 7.0% cap · market cap 36.63%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily compound with a primary ranch residence, apartment over a four-bay garage, and separate two-unit building.
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 $799,900.
What are key features of this property?
This property features: Four‑unit configuration across three buildings; 6‑acre property with Rural zoning; 2,806 square feet of property size
