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    Turn-Key Duplex with Lake Proximity Title is generated by Realmo AI

    184-186 Pleasant View Ridge Road, China, ME 04358

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    Claim this Listing
    New
    For Sale
    $635,000

    MULTI_FAMILY - Ranch - China, ME

    Type:Single Family Residence
    Property size:
    3,104 SF
    Lot size:
    1.37 Acres
    Price / SF:
    $204/SF
    Added:
    May 14, 2026
    Days on Market:
    1
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 184-186 Pleasant View Ridge Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    Rural
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2
    Parking features
    Open, Heated
    Patio and Porch features
    Porch
    Interior features
    Walk-in Closets, 1st Floor Primary Bedroom w/Bath, One-Floor Living
    Standard status
    Active
    Size
    3,104 SF
    Lot size
    1.37 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6661

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Radiant, Hot Water(Heating), Zoned, Oil
    Water source
    Private

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Wood, Carpet
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Lori Dube

    Listing agent Lori Dube

    Listing office Sprague & Curtis Real Estate 75 Western Avenue, Augusta, ME

    Listing date May 14, 2026

    MLS# 1660473 Listing URL

    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.

    Overview

    This impressive duplex, constructed in 2004, features two homes, each offering two bedrooms and two bathrooms. The property is situated on a 1.37-acre lot. Each unit includes open floor plans encompassing the kitchen, dining, and living areas, along with spacious primary suites that feature private bathrooms and laundry facilities. Additional features include sunrooms and a three-season porch. An attached two-car heated garage provides storage space above. A separate 28x45 two-car garage is fully insulated and includes a half bath. The property is equipped with radiant heat, owned solar panels, an electric vehicle charging outlet, and an on-demand generator. The landscaped lot includes a greenhouse and separate front porches with views of fields and sunsets. Located less than one mile from the China Lake boat launch, this property is suitable for either living in one unit and renting the other, or for multi-generational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Kitchen & Bath Showroom Bar & Pub Garden Center Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    China
    County
    Kennebec
    State
    Maine
    Longitude
    -69.492882
    Latitude
    44.479408

    Nearby Similar for Sale

    • $1,100,000
      1,837 SF

      China Lake Waterfront Restaurant Opportunity

      Seasonal restaurant with 430+ feet of China Lake frontage.
      1380 Lakeview Drive, China, ME 04358
      View Details
    • $1,075,000
      2,058 SF

      Maine Farm with Commercial Potential

      94-acre farm with remodeled barn, suitable for cattle or horses.
      257 Pleasant View Ridge Road, China, ME 04358
      View Details

    FAQs

    What type of property is this?
    Duplex - Impressive duplex near China Lake, ideal for multi-generational living.
    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.
    (207) 623-1123
    We can help!
    Listing Contact
    Lori Dube
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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