Multifamily Property with Garage
147 Dirigo Road, China, ME 04358
For Sale
$749,900
Multi-Family, China, ME
Property Size2,806 SF
Lot Size6.00 Acres
Price / SF$267.25
Days on Market51
Property Features for 147 Dirigo Road
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
in-ground pool
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Brookewood Realty
Listed By:
William Logan
(207) 620-8212
Added: Sep 17
Changed: Oct 27
Last Checked: Nov 6 at 9:06PM
MLS# 1680990
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.
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Investment Insights
Based on property information with market context.
Set on 6 acres in China, Maine, this multifamily property combines a 2,806-square-foot ranch residence with additional rental accommodations. The main home includes three bedrooms, an open kitchen with center island, a fieldstone fireplace, finished basement space with laundry, an attached two-car garage, a patio, and an in-ground pool. The property also includes a four-bay garage with a three-bedroom apartment above it.
A separate building contains two additional apartments, configured with two bedrooms and one bedroom. Rural zoning, a private well, and a private septic system serve the property. Built in 1963, the improvements feature wood-frame construction, vinyl siding, wood and tile flooring, and oil-fired hot-water baseboard heat. The address is 147 Dirigo Road, China, ME 04358.
A separate building contains two additional apartments, configured with two bedrooms and one bedroom. Rural zoning, a private well, and a private septic system serve the property. Built in 1963, the improvements feature wood-frame construction, vinyl siding, wood and tile flooring, and oil-fired hot-water baseboard heat. The address is 147 Dirigo Road, China, ME 04358.
Key Highlights
- 6‑acre multifamily property in China, ME
- 2,806‑square‑foot primary residence with 3 bedrooms
- Four‑bay garage with a 3‑bedroom apartment above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,335
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
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
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 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 3.65%
Second Best
—
—
no second resolved use
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 - Four-unit rural property combining a primary residence, rental apartments, garage space, and outdoor amenities.
Where is this multifamily property located?
The property is located at 147 Dirigo Road 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: 6‑acre multifamily property in China, ME; 2,806‑square‑foot primary residence with 3 bedrooms; Four‑bay garage with a 3‑bedroom apartment above
