Four-Unit Multifamily
147 Dirigo Rd, China, ME 04358
For Sale
$749,900
Multiple residential buildings combine rental units, garage capacity, and owner-occupant amenities on one property.
Property Size2,806 SF
Price / SF$267.25
Days on Market49
Property Features for 147 Dirigo Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
in-ground pool
private patio
Building Details
Year Built
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 6 at 8:58AM
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 Kathy Gallant
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Investment Insights
Based on property information with market context.
This multifamily property combines four residential units with substantial accessory improvements. The primary residence is a 3-bedroom ranch with an open living and kitchen arrangement, a fieldstone fireplace, center island, finished basement, laundry area, and additional living or storage space. An attached 2-car garage, private patio, and in-ground pool extend the property’s functionality. A separate 4-bay garage includes a 3-bedroom apartment above, while another building contains 2-bedroom and 1-bedroom apartments.
Built in 1963, the property encompasses 2,806 SF and is located at 147 Dirigo Rd in China, Maine. The configuration supports multiple rental units alongside a larger residence, garage space, and outdoor amenities.
Built in 1963, the property encompasses 2,806 SF and is located at 147 Dirigo Rd in China, Maine. The configuration supports multiple rental units alongside a larger residence, garage space, and outdoor amenities.
Key Highlights
- Four‑unit multifamily configuration with a 3‑bedroom main residence
- 2,806 SF property built in 1963
- Separate 4‑bay garage with a 3‑bedroom apartment above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,336
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,720
$626.7K
Cap Rate 7%
$447,657
$447.7K
Cap Rate 9%
$348,178
$348.2K
Market Conditions
NOI Build-Up for 2,806 SF
Gross rent
$45.5K $16.20/SF
− Vacancy
−$691 −$0.25/SF
EGI
$44.8K $15.95/SF
− OpEx
−$13.4K −$4.79/SF
NOI
$31.3K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,720
Cap Rate 7%
$447,657
Cap Rate 9%
$348,178
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,336 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$390.5K
$341.7K – $455.6K
NOI $27,335 @ 7.0% cap · market cap 3.65%
Theoretical Best
Warehouse
$4.19M
$3.66M – $4.88M
NOI $293,040 @ 7.0% cap · market cap 39.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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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
$234,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Kennebec County, ME
Properties on Market for Multifamily properties in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple residential buildings combine rental units, garage capacity, and owner-occupant amenities on one property.
Where is this multifamily property located?
The property is located at 147 Dirigo Rd China, ME.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Four‑unit multifamily configuration with a 3‑bedroom main residence; 2,806 SF property built in 1963; Separate 4‑bay garage with a 3‑bedroom apartment above
