Seller's Agent in 2025
Will Van Wickler
Keller Williams Realty
(207) 232-8877
1 in this area
246 Total Sales
518 Ossipee Trail E Gorham, ME 04038
--
Bed
9
Baths
4,640
Sq Ft
8.69
Acres
Highlights
- 8.69 Acre Lot
- No HOA
- Forced Air Heating System
- Village Elementary School Rated A-
- Landscaped
- Carpet
About This Home
As of November 2025Excellent 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
Last Agent to Sell the Property
Keller Williams Realty Brokerage Phone: (207) 232-8877 Listed on: 07/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,207
Year Built
- Built in 1941
Lot Details
- 8.69 Acre Lot
- Landscaped
Parking
- Paved Parking
Home Design
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 9 Full Bathrooms
- 4,640 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
Utilities
- No Cooling
- Forced Air Heating System
- Private Water Source
- Private Sewer
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 514OssipeeTrailGorham7614-1
Community Details
Overview
- No Home Owners Association
- 9 Units
Building Details
- Operating Expense $22,281
- Gross Income $157,200
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | Sold | $1,500,000 | 0.0% | $323 / Sq Ft |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | For Sale | $1,500,000 | 0.0% | $323 / Sq Ft |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 05/16/2025 05/16/25 | For Sale | $1,500,000 | -- | $323 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $6,208 | $422,300 | $181,400 | $240,900 |
| 2023 | $5,807 | $422,300 | $181,400 | $240,900 |
| 2022 | $5,427 | $422,300 | $181,400 | $240,900 |
| 2021 | $5,372 | $276,900 | $160,300 | $116,600 |
| 2020 | $5,261 | $276,900 | $160,300 | $116,600 |
| 2019 | $5,247 | $276,900 | $160,300 | $116,600 |
| 2018 | $5,040 | $276,900 | $160,300 | $116,600 |
| 2017 | $4,735 | $276,900 | $160,300 | $116,600 |
| 2016 | $4,707 | $276,900 | $160,300 | $116,600 |
| 2015 | $4,513 | $276,900 | $160,300 | $116,600 |
| 2014 | $4,501 | $258,700 | $152,700 | $106,000 |
| 2013 | $4,476 | $258,700 | $152,700 | $106,000 |
Source: Public Records
Agents Affiliated with this Home
-
Will Van Wickler
-
Christopher Davis
Buyer's Agent in 2025
Christopher Davis
Real Broker
(207) 756-2442
4 in this area
140 Total Sales
Map
Source: Maine Listings
MLS Number: 1622877
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