Gorham, ME 04038,518 Ossipee TRL E
Gorham, ME 04038,518 Ossipee TRL E
Gorham, ME 04038,518 Ossipee TRL E
31
Listed by Keller Williams Realty • (207) 232-8877
Bought with Real Broker 
$1,500,000
$1,500,000
Est.Price: ?

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9 BA
4,640 SqFt

518 Ossipee TRL E Gorham, ME 04038

SOLD DATE : 11/18/2025

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Key Details

Sold Price $1,500,000

Property Type Multi-Family

Listing Status Sold

Square Footage 4,640 sqft

MLS Listing ID 1622877

Sold Date 11/18/25

Style Ranch

Full Baths 9

HOA Y/N No

Abv Grd Liv Area 4,640

Year Built 1941

Annual Tax Amount $6,207

Tax Year 2025

Lot Size 8.690 Acres

Acres 8.69

Source Maine Listings

Land Area 4640

Property Description

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

Location

State ME

County Cumberland

Zoning SR

Rooms

Basement Interior, Full, Doghouse

Interior

Heating Forced Air

Cooling None

Flooring Vinyl, Carpet

Exterior

Parking Features 11 - 20 Spaces, Paved

Utilities Available 1

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Well Landscaped, Near Town

Story 1

Sewer Private Sewer

Water Private

Architectural Style Ranch

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Oil

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Maine MLS (MREIS) IDX

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Chris Davis

Chris Davis

Agent | me.BA924046

+1(207) 756-2442

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