Andrea Babbin Wood
Responds Quickly
Breakwater Realty Group, LLC
(877) 661-1589
74 Total Sales
2 in Gorham
$377K - $536K Price Range
518 Ossipee Trail E Gorham, ME 04038
Gorham Area
--
Bed
9
Baths
4,640
Sq Ft
8.69
Acre Lot
Highlights
- 8.69 Acre Lot
- Landscaped
- Carpet
- No HOA
- Forced Air Heating System
- 1-Story Property
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2025
Closed on
Nov 18, 2025
Sold by
Bought by
Seller's Agent
Will Van Wickler
Keller Williams Realty
Buyer's Agent
Christopher Davis
Real Broker
List Price
$1,500,000
Sold Price
$1,500,000
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$794,541
Interest Rate
6.19%
Mortgage Type
Unknown
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Gorham, ME
-
Andrea Babbin Wood
-
Sonja Nielsen
Sonja Nielsen
EXP Realty
(888) 865-8841
19 Total Sales
2 in Gorham
$265K - $800K Price Range
-
Scott Reiff Denise Reiff
Scott Reiff Denise Reiff
Coldwell Banker Realty
(207) 891-6314
96 Total Sales
3 in Gorham
$460K - $635K Price Range
-
Accalia Jackson
Accalia Jackson
Responds QuicklyHearth & Key Realty
(207) 492-4687
42 Total Sales
1 in Gorham
$399,000 Price
-
Matthew Martino
Matthew Martino
Elevate Maine Realty
(207) 690-6443
12 Total Sales
1 in Gorham
$440,000 Price
-
Ingrid Vanni
Ingrid Vanni
Portside Real Estate Group
(207) 358-6057
16 Total Sales
1 in Gorham
$655,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $800,000 | ||
| Previous Owner | $827,000 | ||
| Previous Owner | $446,250 | ||
| Closed | $240,000 | ||
| Previous Owner | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $6,250 | $422,300 | $181,400 | $240,900 |
| 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
Seller's Agent in 2025
Will Van Wickler
Keller Williams Realty
(207) 232-8877
262 Total Sales
-
Christopher Davis
Buyer's Agent in 2025
Christopher Davis
Real Broker
(207) 756-2442
161 Total Sales
Map
Source: Maine Listings
MLS Number: 1622877
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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