Four-Unit Multifamily
New
For Sale
$789,900
147 Dirigo Rd, China, ME 04358
Multiple residential buildings combine rental units, garage capacity, and owner-occupant amenities on one property.
Property Size2,806 SF
Price / SF$281.50
Days on Market4
Property Features for 147 Dirigo Rd
General Information
Standard status
Active
Size
2,806 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
4
Amenities
in-ground pool
private patio
Building Details
Year Built
1963
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 19
Last Checked: Sep 21 at 6:38AM
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
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 = 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
$31,336
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
3.97%
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%
$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
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
$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 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%
$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 3.97%
Second Best
Apartment 5plus
$390.5K
$341.7K – $455.6K
NOI $27,335 @ 7.0% cap · market cap 3.46%
Theoretical Best
Warehouse
$4.19M
$3.66M – $4.88M
NOI $293,040 @ 7.0% cap · market cap 37.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Vacancy Rate% for Multifamily in Northeast region
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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 $789,900.
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
