Building Details

Building Size 3,104 SF

Year Built 2004

Buildings 2

Stories 1

Units 2

Listed By: Dan Amero Show Phone

Source: Amerorealty

Added: May 4 Changed: Oct 22 Last Checked: Oct 22 at 2:33PM

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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 Dan Amero

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Investment Insights

Based on property information with market context.

Built in 2004, this 3,104-square-foot duplex contains two homes, each with two bedrooms and two bathrooms. The kitchen, dining, and living areas are arranged in open layouts. Each unit also has a sunroom, while the property includes a three-season rear porch and separate front porches. An attached heated garage accommodates two cars and has overhead storage; a separate insulated 28-by-45-foot garage has space for two cars and includes a half bath.

The 1.37-acre property is in China, Maine, less than one mile from the China Lake boat launch. Rural zoning, a greenhouse, radiant heat, owned solar panels, an electric-vehicle charging outlet, and an on-demand generator are among its additional features.

Key Highlights

• Two duplex units, each with 2 bedrooms and 2 bathrooms
• 3,104‑square‑foot building on a 1.37‑acre lot
• Attached heated 2‑car garage with overhead storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,664

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$693,280 $693.3K

Cap Rate 7%

$495,200 $495.2K

Cap Rate 9%

$385,156 $385.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,104 SF

Gross rent

$50.3K $16.20/SF

− Vacancy

−$764 −$0.25/SF

EGI

$49.5K $15.95/SF

− OpEx

−$14.9K −$4.79/SF

NOI

$34.7K $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%

$693,280

Cap Rate 7%

$495,200

Cap Rate 9%

$385,156

Alternative Uses

Best Use

Multifamily LT 5

$495.2K

$433.3K – $577.7K (±1% cap)

NOI $34,664 @ 7.0% cap · market cap 5.46%

Second Best

Apartment 5plus

$432.0K

$378.0K – $504.0K (±1% cap)

NOI $30,238 @ 7.0% cap · market cap 4.76%

Theoretical Best

Warehouse

$4.63M

$4.05M – $5.40M (±1% cap)

NOI $324,161 @ 7.0% cap · market cap 51.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

4

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units share a site with substantial garage space and owned solar panels.

Where is this duplex located?

The property is located at 184-186 Pleasant View Ridge Road China, ME.

What is the asking price?

The asking price for this property is $635,000.

What are key features of this property?

This property features: Two duplex units, each with 2 bedrooms and 2 bathrooms; 3,104‑square‑foot building on a 1.37‑acre lot; Attached heated 2‑car garage with overhead storage