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  • $1,500,000

    518 Ossipee Trail E, Gorham, ME 04038

    20beds
    4,640sqft
    Multi Family
    Built in 1941
    -- sqft lot
    $1,550,900 Zestimate®
    $323/sqft
    $2,135 Estimated rent

    Home value

    $1,550,900

    $1.43M - $1.67M

    $2,135/mo

    Zestimate® history
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    Owner options

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    $2,135/mo

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    $2,135/mo

    Rent Zestimate®

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    $7,566/mo

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    $7,566/mo

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    What's special

    New roofNew windows
    Excellent 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

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty (207)232-8877

    Bought with:

    Real Broker

    Source: Maine Listings,MLS#: 1622877MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 9
    • Full bathrooms: 9
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Doghouse,Interior Entry,Full
    Interior area
    • Total structure area: 4,640
    • Total interior livable area: 4,640 sqft
    • Finished area above ground: 4,640
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, 11 - 20 Spaces
    Features
    • Stories: 1
    Lot
    • Size: 8.69 Acres
    • Features: Near Town, Landscaped
    Details
    • Zoning: SR

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1941

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Private Sewer
    • Water: Private
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Gorham

    Price history

    DateEventPrice
    11/18/2025Sold$1,500,000$323/sqft
    Source: Maine Listings #1622877 Report a problem
    7/15/2025Pending sale$1,500,000$323/sqft
    Source: Maine Listings #1622877 Report a problem
    7/1/2025Listed for sale$1,500,000$323/sqft
    Source: Maine Listings #1622877 Report a problem
    6/18/2025Pending sale$1,500,000$323/sqft
    Source: Maine Listings #1622877 Report a problem
    5/16/2025Listed for sale$1,500,000$323/sqft
    Source: Maine Listings #1622877 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04038

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,550,900
    2% more
    +$31,018
    With Zillow Showcase(estimated)
    $1,581,918