8 College Ave Gorham, ME 04038
Gorham NeighborhoodEstimated payment $11,588/month
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 — a 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
King + Miller Real Estate Brokerage Email: info@kingmillerrealestate.com
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
MLS Number: 1623066
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