518 Ossipee Trail E Gorham, ME 04038
Estimated payment $8,690/month
Highlights
- 8.69 Acre Lot
- No HOA
- Forced Air Heating System
- Village Elementary School Rated A-
- Landscaped
- Carpet
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
Listing Agent
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
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
Parking
- Driveway
- Paved Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Natural Gas Not Available
- Private Water Source
- Electric Water Heater
- 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
MLS Number: 1622877
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