Charming 2-unit property full of classic character, ideally located just minutes from Windham schools, shopping, and local amenities. This multi-family offers a strong rental history with reliable income, making it a great opportunity for both investors and owner-occupants. Each unit features original charm with modern touches and plenty of natural light, while the property provides ample parking and a convenient location for tenants. A rare chance to own a solid income-producing property in a great area.
Closed
$525,000
389 Gray Road, Windham, ME 04062
5beds
2,916sqft
Multi Family
Built in 1900
-- sqft lot
$525,400 Zestimate®
$180/sqft
$2,312 Estimated rent
Home value
$525,400
$499,000 - $552,000
$2,312/mo
Zestimate® history
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$2,312/mo
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$3,163/mo
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Portside Real Estate Group
Bought with:
Landing Real Estate
Source: Maine Listings,MLS#: 1654048
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Direct Vent Furnace, Direct Vent Heater, Forced Air, Hot Water
Cooling
- None
Features
- Flooring: Laminate, Tile, Wood
- Basement: Bulkhead
- Has fireplace: No
Interior area
- Total structure area: 2,916
- Total interior livable area: 2,916 sqft
- Finished area above ground: 2,916
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Level Entry
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Size: 1.17 Acres
Details
- Parcel number: WINMM43B8
- Zoning: Farm
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse,Other
- Property subtype: Multi Family
Materials
- Roof: Fiberglass,Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Septic Tank
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Windham
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $525,000-1.9%$180/sqft |
Source:  Maine Listings #1654048 Report a problem | ||
| 3/27/2026 | Pending sale | $535,000$183/sqft |
Source: Maine Listings #1654048 Report a problem | ||
| 3/25/2026 | Contingent | $535,000$183/sqft |
Source: Maine Listings #1654048 Report a problem | ||
| 3/12/2026 | Listed for sale | $535,000+42.7%$183/sqft |
Source: Maine Listings #1654048 Report a problem | ||
| 8/10/2020 | Sold | $375,000+7.4%$129/sqft |
Source: Maine Listings #1457630 Report a problem | ||
| 6/24/2020 | Listed for sale | $349,000+16.4%$120/sqft |
Source: The Flaherty Group #1457630 Report a problem | ||
| 6/26/2018 | Listing removed | $299,900$103/sqft |
Source: The Flaherty Group #1347306 Report a problem | ||
| 5/5/2018 | Listed for sale | $299,900+30.4%$103/sqft |
Source: The Flaherty Group #1347306 Report a problem | ||
| 8/13/2015 | Sold | $230,000-4.1%$79/sqft |
Source: Maine Listings #1211484 Report a problem | ||
| 5/21/2015 | Listed for sale | $239,900$82/sqft |
Source: Direct Real Estate #1211484 Report a problem | ||
| 1/7/2015 | Listing removed | $239,900$82/sqft |
Source: Direct Real Estate #1155615 Report a problem | ||
| 10/21/2014 | Listed for sale | $239,900+128.7%$82/sqft |
Source: Direct Real Estate #1155615 Report a problem | ||
| 1/7/2014 | Listing removed | $104,900$36/sqft |
Source: The Entry Only Listing Service #1109127 Report a problem | ||
| 12/6/2013 | Price change | $104,900+16.6%$36/sqft |
Source: The Entry Only Listing Service #1109127 Report a problem | ||
| 10/10/2013 | Price change | $89,999-9.5%$31/sqft |
Source: The Entry Only Listing Service #1109127 Report a problem | ||
| 10/2/2013 | Price change | $99,500-9.1%$34/sqft |
Source: The Entry Only Listing Service #1109127 Report a problem | ||
| 9/6/2013 | Listed for sale | $109,500+64.7%$38/sqft |
Source: The Entry Only Listing Service #1109127 Report a problem | ||
| 6/22/2013 | Listing removed | $66,500$23/sqft |
Source: Keller Williams - Greater Portland #1092899 Report a problem | ||
| 5/20/2013 | Listed for sale | $66,500-48.8%$23/sqft |
Source: E to P LLC, dba Keller Williams Realty #1092899 Report a problem | ||
| 11/19/2011 | Listing removed | $129,900$45/sqft |
Source: E to P LLC, dba Keller Williams Realty #1005494 Report a problem | ||
| 6/22/2011 | Price change | $129,900-6.5%$45/sqft |
Source: E to P LLC, dba Keller Williams Realty #1005494 Report a problem | ||
| 3/19/2011 | Listed for sale | $139,000$48/sqft |
Source: E to P LLC, dba Keller Williams Realty #1005494 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,233 | $467,200 |
| 2023 | $5,233 +11.6% | $467,200 +15.7% |
| 2022 | $4,687 +6.2% | $403,700 +37.2% |
| 2020 | $4,415 +2.5% | $294,300 |
| 2019 | $4,309 +7.3% | $294,300 +11.3% |
| 2018 | $4,014 +4.9% | $264,400 +13.6% |
| 2017 | $3,825 +4.7% | $232,800 |
| 2016 | $3,655 +15.8% | $232,800 +11.7% |
| 2015 | $3,157 +60.1% | $208,400 +11.2% |
| 2014 | $1,972 -21.5% | $187,400 +7.8% |
| 2013 | $2,513 +4% | $173,900 |
| 2011 | $2,417 +4.4% | $173,900 -11.7% |
| 2009 | $2,315 +3.1% | $197,000 |
| 2008 | $2,246 +230.3% | $197,000 +157.9% |
| 2005 | $680 | $76,400 |
Find assessor info on the county website
Neighborhood: 04062
Nearby schools
GreatSchools rating
- 5/10Windham Primary SchoolGrades: K-3Distance: 0.1 mi
- 4/10Windham Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Windham High SchoolGrades: 9-12Distance: 0.3 mi
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- Maine
- Cumberland County
- Windham
- 04062
- 389 Gray Road