$1,500,000

518 Ossipee Trail E, Gorham ME, 04038

Built in1941

Property size4,640 sqft

Property typeMulti-family

Courtesy of Keller Williams Realty

Overview

Closed

Listed Jul 1, 2025

Updated Jun 9

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

Additional information

MLS^® ID: 1622877

Interior Features

Bathrooms: 9
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 8.69 Acres

Other Property Details

Taxes: $6,207
Tax Frequency: Annually

Listing Contact: (207) 232-8877

Bought with Real Broker and Listed by William Van Wickler with Keller Williams Realty (207) 232-8877

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Data is refreshed every 3 hours. Listing last updated at 3:26 PM UTC, 6/9/2026