518 Ossipee Trail E, Gorham, ME 04038

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
#1#2#3
518 Ossipee Trail E,Gorham, ME 04038
$1,500,000
  • - Beds
  • 9 Baths
  • 4,640 sq. ft.
  • Multi-family
  • Pending
Listed by:william van wickler(207) 232-8877
Office:keller williams realty
MLS#:1622877
Source:ME_MREIS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$323.28

About this home

Excellent Investment Opportunity! This well-maintained property features a total of 9 units, including two duplexes and a 5-unit building. Each unit is separately metered for heat and electricity, with tenants responsible for their own utilities. The property boasts a solid rental history and individual heating systems for each unit. The current owner has prioritized upkeep, with major updates already completed, including a new roof and new windows. While the property is already stable and cash-flowing, there is significant upside potential through cosmetic upgrades and rent increases, as current rents are below market. Don't miss this opportunity to own a reliable, income-producing asset with room to grow! NOI: 134,919.31

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Home facts

  • Year built:1941
  • Listing Id #:1622877
  • Updated:July 15, 2025 at 07:48 PM

Rooms and interior

  • Total bathrooms:9
  • Full bathrooms:9
  • Living area:4,640 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1941
  • Building area:4,640 sq. ft.
  • Lot area:8.69 Acres

Utilities

  • Water:Private
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$323.28
  • Tax amount:$6,207 (2025)
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