518 Ossipee Trail E, Gorham, ME 04038 (MLS # 1622877)

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PRICE $1,500,000 dsIDX morgage calculator
BEDS 0
BATHS 9
HOME SIZE 4,640 sqft
LOT SIZE 8.69 ac

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

LAST UPDATED 7/1/2025 YEAR BUILT 1941
COUNTY Cumberland STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
BASEMENT Full, Yes
CONSTRUCTION Vinyl Siding
HEAT Forced Air
LOT 8.69 acre(s)
MLS STATUS Active
PARKING Paved
SEWER Private Sewer
STORIES 1
STYLE Ranch
TAXES 6207
WATER Private
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Keller Williams Realty, (207) 232-8877

Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2025 Maine Real Estate Information System, Inc. All Rights Reserved.

Additional school data provided by Onboard Informatics © 2025 Onboard Informatics. Information deemed reliable but not guaranteed.

Mortgage Calculator provided by Diverse Solutions © 2025

IDX data provided by Market Leader, courtesy of Maine Listings.

This IDX solution is (c) Diverse Solutions 2025.


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