771 Gray Road, Gorham, ME 04038 (MLS# 1647309)

Description

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

Supplements: ********

Location Information

Street #: 771 Street Name: Gray Street Type: Road County: Cumberland Town: Gorham State/Province: ME Zip Code: 04038 Zip +4: 5857 Leased Land: No Book: 39519 Page: 0307 Map: 111 Lot: 101 Zoning: UR Zoning Overlay: Unknown Association: No Full Tax Amount $: 10031 Tax Year: 2024 Tree Growth Y/N: No Geo Lat: 43.731365 Geo Lon: -70.424999

Contract Information

Status: Pending Original List Price: 830000 List Price: $800,000 Current Price: $800,000

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 4 Total Baths: 7 Total Full Baths: 5 Total Half Baths: 2 Color: SAGE Year Built: 1900 SqFt Finished Above Grade: 4673 SqFt Finished Total: 4673 SqFt Source: Public Records Garage: No Lot Size Acres +/-: 0.59 Source of Acreage: Public Records

Status Change Info

Pending Date: 2026-02-20

Water Info

Water Frontage: No Water View: No

Building Info

# Fireplaces: 4 # Stories: 3

Units

# of 2 BD Units: 3 # of 4+ BD Units: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 1800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 2000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Second Security Deposit: No Monthly Rent: 3000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 4

Lease: No Level: Second Security Deposit: No Monthly Rent: 4300 # Full Baths: 2 # Half Baths: 2 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Water: Yes

Property Features

Site: Level; Open; Sidewalks Location: Intown Roads: Paved; Public Style: Federal Levels: Multi-Level Construction: Masonry Basement: Brick/Mortar; Unfinished; Walk-Out Access Basement Entry: Doghouse; Interior Foundation Materials: Brick/Mortar; Granite Exterior: Brick Roof: Pitched; Shingle Heat System: Baseboard; Hot Water; Zoned Heat Fuel: Oil Water Heater: Off Heating System Cooling: None Floors: Hardwood; Tile; Vinyl Amenities: 1st Floor Bedroom; Bathtub Patio and Porch Features: Porch Driveway: Gravel Parking: 11 - 20 Spaces; Off Street Vehicle Storage: No Vehicle Storage Restrictions: No Cats Allowed; No Dogs Allowed Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public