$1,799,000
UNDER CONTRACT $121K PRICE DROP

8 College Ave Gorham, ME 04038

Estimated payment $10,481/month

Total Views 9,535
-- Bed
8 Baths
5,444 Sq Ft
$330 Price per Sq Ft

Highlights

  • Scenic Views
  • Colonial Architecture
  • No HOA
  • Village Elementary School Rated A-
  • Deck
  • 2 Car Detached Garage

About This Home

Investment opportunity alert! Say hello to the McLellan House - an 8 Unit historic head-turner and turnkey treasure tucked into the heart of Gorham Village. Situated just steps from USM and all of Gorham's go-to spots - cafes, shops, and community happenings - this handsome colonial offers convenience to all who call it home. A stellar setup for savvy investors, this fully occupied eight-unit gem boasts a strong rental record, smart layouts, and low-maintenance living that keeps headaches (and handyman calls) to a minimum. Each unit is separately metered; tenants handle utilities, while the landlord covers water and sewer. Add in a sizable deck, detached 2-car garage, and spots for each tenant's cars (no parallel parking panic here!) and you've got a perfect combination of convenience and curb appeal. Whether you're looking to grow your portfolio or plant roots in one of Maine's most charming college towns, the McLellan House is your golden goose. Opportunity is knocking - will you answer?

Listing Agent

Bridget King Jason Miller

King + Miller Real Estate Brokerage Email: info@kingmillerrealestate.com Listed on: 05/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,315

Year Built

  • Built in 1803

Lot Details

  • 0.61 Acre Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Federal Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 5,444 Sq Ft Home
  • 3-Story Property
  • Scenic Vista Views

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number GRHM-000102-000005

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $24,662
  • Gross Income $171,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,315

Year Built

Built in 1803

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.61
  • MLS Status: Active Under Contract
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 5444.0
  • Architectural Style: Colonial, Federal
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1803
  • Attribution Contact: info@kingmillerrealestate.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.61
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5444.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 8
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 171000.0
  • Income Expenses Operating Expenses: 24662.06
  • Style:Colonial: Yes
  • Parking:Paved3: Yes
  • Heat Fuel:Gas Bottled: Yes
  • View:Scenic: Yes
  • Style:Federal: Yes
  • Foundation Materials:Granite2: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior, Full, Partial, Unfinished
  • Full Bathrooms: 8
  • Fireplace: No
  • Flooring: Other, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Near Town
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Auto Door Opener, 5 - 10 Spaces, Paved, Detached, Off Street

Utilities

  • Security: Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 26571.6
  • Parcel #: GRHM-000102-000005
  • Zoning: UR, Historic

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 171000.0
  • Annual Operating Expense: 24662.06

Tax Info

  • Tax Annual Amount: 11315.0
  • Tax Book Number: 37581
  • Tax Lot: 5
  • Tax Map Number: 102
  • Tax Year: 2024

Map

Range of Values:

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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
08/06/2025 08/06/25 Price Changed $1,799,000 -6.3% $330 / Sq Ft
05/17/2025 05/17/25 For Sale $1,920,000 0.0% $353 / Sq Ft
10/08/2024 10/08/24 Off Market $1,650 -- --
09/30/2024 09/30/24 For Rent $1,650 -8.3% --
09/26/2024 09/26/24 For Rent $1,800 +9.1% --
09/15/2024 09/15/24 For Rent $1,650 -- --
Source: Maine Listings

Source: Maine Listings

MLS Number: 1623066

Maine Listings
Maine Cumberland County Gorham 04038

8 College Ave, Gorham, ME

This home is located at 8 College Ave, Gorham, ME 04038 and is currently priced at $1,799,000, approximately $330 per square foot. This property was built in 1803. 8 College Ave is a home located in Cumberland County with nearby schools including Village Elementary School, Gorham Middle School, and Gorham High School.

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.

Maine Listings 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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