Estimated payment $4,318/month
Highlights
- Cape Cod Architecture
- Wood Flooring
- Parking Storage or Cabinetry
- Deck
- No HOA
- 1-minute walk to Pennell Park
About This Home
This opportunity does not come around often. Located directly in the heart of Gray Village, 25 Main Street offers a rare opportunity for investors, business owners, or those seeking a versatile live-work property.
Originally built in 1900 and fully renovated down to studs in 2018 with new wiring, insulation, and systems, this Colonial now features two updated 1-bedroom, 1-bath units, each designed with comfortable layouts and modern finishes with their own private deck. Hardwood floors, refreshed kitchens and baths, and bright living spaces make the units attractive for long-term tenants or short-term rental opportunities. Both units currently rented on month to month basis.
Zoned for both residential and commercial use, the property provides endless flexibility. The large 1.08-acre in-town lot offers uncommon space for parking, outdoor use, or potential future enhancements — a rarity right in the Village center.
Whether you're looking for a strong rental investment, a property to live in while generating income, or a unique location for a home-based business, this property is positioned to deliver both charm and return. Don't miss your chance to own one of Gray's most distinctive and versatile properties.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,379
Year Built
- Built in 1900
Lot Details
- 1.08 Acre Lot
- Level Lot
- Open Lot
Parking
- 10 Car Garage
- Parking Storage or Cabinetry
- Driveway
Home Design
- Cape Cod Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Wood Siding
Interior Spaces
- 2 Full Bathrooms
- Wood Flooring
- Unfinished Basement
- Interior Basement Entry
- Laundry on main level
Outdoor Features
- Deck
Location
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Tax Lot 58
- Assessor Parcel Number GRAY-000035-000402-000058
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $7,778
- Gross Income $45,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,379 | $451,400 | $147,000 | $304,400 |
| 2023 | $5,220 | $343,900 | $139,600 | $204,300 |
| 2022 | $4,797 | $343,900 | $139,600 | $204,300 |
| 2021 | $4,655 | $318,600 | $139,600 | $179,000 |
| 2020 | $4,699 | $318,600 | $139,600 | $179,000 |
| 2019 | $4,699 | $318,600 | $139,600 | $179,000 |
| 2018 | $4,460 | $318,600 | $139,600 | $179,000 |
| 2017 | $3,502 | $194,000 | $42,000 | $152,000 |
| 2016 | $3,550 | $194,000 | $42,000 | $152,000 |
| 2015 | $2,341 | $128,600 | $42,000 | $86,600 |
| 2014 | $2,341 | $128,600 | $42,000 | $86,600 |
| 2012 | $2,038 | $128,586 | $42,000 | $86,586 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $750,000 | -- | $203 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | -- | -- |
Source: Maine Listings
MLS Number: 1635141
APN: GRAY-000035-000402-000058
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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