$800,000
SOLD MAY 1, 2026

771 Gray Rd Gorham, ME 04038

-- Bed
7 Baths
4,673 Sq Ft
0.59 Acres Lot

Sale Details

Date Sold: May 1, 2026

$171 Per Sq Ft

4% Below List Price

53 on Market

Highlights

  • Federal Architecture
  • Wood Flooring
  • No HOA
  • Great Falls Elementary School Rated A-
  • 4 Fireplaces
  • Porch

About This Home

As of May 2026

Investors and owner-occupants take notice! This 4-unit multi-family property offers an excellent opportunity in a growing Gorham location with strong income and long-term potential. Featuring a versatile unit mix, including three 2-bedroom apartments and one spacious 4-bedroom unit, this property provides options for both rental investment and the possibility of owner occupancy. Ideally situated near the new elementary school, Red City Tavern, and just minutes from Windham, the location continues to see increasing demand. With ample off-street parking and classic brick construction, this is a solid asset ready for a new owner's vision. The property would benefit from cosmetic updates, making it a great value-add opportunity to build equity and maximize future returns. SHOWINGS WILL HAPPEN IN TIME BLOCKS

Last Agent to Sell the Property

Janice Pompe John Lesser

The Maine Real Estate Group Listed on: 12/29/2025

Co-Listed By

Aakash Patel

The Maine Real Estate Group

Last Buyer's Agent

Sarah Msuya

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,031

Year Built

  • Built in 1900

Home Design

  • Federal Architecture
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 4,673 Sq Ft Home
  • 3-Story Property
  • 4 Fireplaces

Flooring

  • Wood
  • Tile
  • Vinyl

Basement

  • Doghouse Basement Entry
  • Interior Basement Entry

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Porch
  • 25,700 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number GRHM-000111-000101

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $29,070
  • Gross Income $133,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,031

Year Built

Built in 1900

Lot Details

0.59 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.59
  • Co List Office Phone: 207-329-4534
  • MLS Status: Closed
  • Directions: GPS COMPATIBLE
  • Above Grade Finished Sq Ft: 4673.0
  • Architectural Style: Federal
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1900
  • Contract Information:List PriceSqFt: 171.2
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Doghouse, Interior Entry
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Hardwood

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 25700.4
  • Parcel #: GRHM-000111-000101
  • Zoning: UR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 133200.0
  • Annual Operating Expense: 29070.0

Tax Info

  • Tax Annual Amount: 10031.0
  • Tax Lot: 101
  • Tax Year: 2024
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2026 05/01/26 Sold $800,000 0.0% $171 / Sq Ft
02/20/2026 02/20/26 Pending -- -- --
02/13/2026 02/13/26 Price Changed $800,000 0.0% $171 / Sq Ft
02/13/2026 02/13/26 Price Changed $799,999 -3.6% $171 / Sq Ft
12/29/2025 12/29/25 For Sale $830,000 +3.1% $178 / Sq Ft
06/22/2022 06/22/22 Sold $805,000 +15.8% $172 / Sq Ft View Prior Sale
04/01/2022 04/01/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $695,000 +98.6% $149 / Sq Ft
04/15/2016 04/15/16 Sold $350,000 -6.7% $75 / Sq Ft View Prior Sale
03/03/2016 03/03/16 Pending -- -- --
11/04/2015 11/04/15 For Sale $375,000 -- $80 / Sq Ft
Source: Maine Listings

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
2025 $10,100 $682,400 $150,800 $531,600
2024 $10,031 $682,400 $150,800 $531,600
2023 $9,383 $682,400 $150,800 $531,600
2022 $8,769 $682,400 $150,800 $531,600
2021 $6,427 $331,300 $97,300 $234,000
2020 $6,295 $331,300 $97,300 $234,000
2019 $6,278 $331,300 $97,300 $234,000
2018 $6,030 $331,300 $97,300 $234,000
2017 $5,665 $331,300 $97,300 $234,000
2016 $5,629 $331,100 $97,100 $234,000
2015 $5,850 $358,900 $124,900 $234,000
2014 -- $293,000 $94,800 $198,200
2013 $5,069 $293,000 $94,800 $198,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1647309

Maine Listings
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