41 Lotts Dr, Windham, ME - Owner-Occupy Opportunity with Income Potential
Live in one unit and let the other help pay your mortgage. This well-maintained 2-unit property offers a spacious 3-bedroom unit that will be delivered vacant at closing, paired with a 2-bedroom apartment currently leased to great tenants at $2,200/month.
The 3-bedroom unit features single-level living with an open kitchen, dining, and living area, along with a convenient mud room and brand new in-unit washer and dryer included. Updated finishes throughout, including granite countertops and stainless steel appliances, create a clean, modern feel. Market rent for the 3-bedroom unit is estimated at $2,750/month.
The second unit offers a well-designed layout with consistent rental appeal and in-place income, and also includes its own new in-unit washer and dryer.
Tenants pay utilities, helping keep expenses low, and off-street parking adds convenience.
Ideally located right off the rotary with easy access to I-95, Gorham, Westbrook, Gray, and Cumberland. Just 20-25 minutes to downtown Portland, ~20 minutes to the Jetport, and under 2 hours to Boston. Close to North Windham amenities and Sebago Lake, with easy access to I-95.
Financing-friendly, including MSHA, FHA, and conventional loans.
A great opportunity for owner-occupants or investors seeking strong rental potential in a high-demand location.
Active
Price cut: $5K (7/1)
$594,900
41 Lotts Drive, Windham, ME 04062
5beds
2,252sqft
Multi Family
Built in 1929
-- sqft lot
$590,700 Zestimate®
$264/sqft
$-- HOA
What's special
Well-designed layoutGranite countertopsSingle-level livingConvenient mud roomOff-street parking adds convenienceUpdated finishes throughoutStainless steel appliances
- 81 days |
- 555 |
- 41 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Dream Home Realty LLC
Source: Maine Listings,MLS#: 1657908
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump, Space Heater
Cooling
- Heat Pump
Features
- 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
- Flooring: Tile, Wood
- Basement: Interior Entry,Sump Pump,Unfinished
Interior area
- Total structure area: 2,252
- Total interior livable area: 2,252 sqft
- Finished area above ground: 2,252
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Paved, 1 - 4 Spaces, On Site
Features
- Stories: 2
Lot
- Size: 9,583 Square Feet
- Features: Suburban, Level, Open Lot
Details
- Parcel number: WINMM46B5
- Zoning: C-3
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Fiberglass,Shingle
Condition
- Year built: 1929
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Septic Tank
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Windham
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $443,200
- Annual tax amount: $6,195
- Date on market: 4/15/2026
Estimated market value
$590,700
$561,000 - $620,000
$2,121/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $594,900-0.8%$264/sqft |
Source: | ||
| 5/20/2026 | Price change | $599,900-1.6%$266/sqft |
Source: | ||
| 5/6/2026 | Price change | $609,900-1.6%$271/sqft |
Source: | ||
| 4/15/2026 | Listed for sale | $619,900+10.7%$275/sqft |
Source: | ||
| 2/5/2024 | Sold | $560,000+2%$249/sqft |
Source: | ||
| 2/1/2024 | Pending sale | $549,000$244/sqft |
Source: | ||
| 1/22/2024 | Contingent | $549,000$244/sqft |
Source: | ||
| 1/19/2024 | Listed for sale | $549,000+167.8%$244/sqft |
Source: | ||
| 7/20/2023 | Sold | $205,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,964 | $443,200 |
| 2023 | $4,964 +172.4% | $443,200 +182.5% |
| 2022 | $1,822 -18.5% | $156,900 +5.3% |
| 2020 | $2,235 +2.5% | $149,000 |
| 2019 | $2,181 -3.6% | $149,000 |
| 2018 | $2,262 +38.1% | $149,000 +49.4% |
| 2017 | $1,638 +4.7% | $99,700 |
| 2016 | $1,565 -33% | $99,700 -35.3% |
| 2015 | $2,336 +3.3% | $154,200 |
| 2014 | $2,262 | $154,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04062
Nearby schools
GreatSchools rating
- 5/10Windham Primary SchoolGrades: K-3Distance: 1.2 mi
- 4/10Windham Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Windham High SchoolGrades: 9-12Distance: 1.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Windham
- 04062
- 41 Lotts Drive






