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
Closed
$800,000
771 Gray Road, Gorham, ME 04038
10beds
4,673sqft
Multi Family
Built in 1900
-- sqft lot
$800,600 Zestimate®
$171/sqft
$2,424 Estimated rent
Home value
$800,600
$761,000 - $841,000
$2,424/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$2,424/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$2,424/mo
Rent Zestimate®
Refinance and save
$4,035/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$4,035/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
The Maine Real Estate Group
Bought with:
Dream Home Realty LLC
Source: Maine Listings,MLS#: 1647309
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
- Full bathrooms: 5
- 1/2 bathrooms: 2
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Tile, Vinyl, Hardwood
- Basement: Doghouse,Interior Entry
- Number of fireplaces: 4
Interior area
- Total structure area: 4,673
- Total interior livable area: 4,673 sqft
- Finished area above ground: 4,673
- Finished area below ground: 0
Property
Features
- Levels: Multi/Split
- Stories: 3
- Patio & porch: Porch
Lot
- Size: 0.59 Acres
Details
- Parcel number: GRHMM111B101L000
- Zoning: UR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Federal
- Property subtype: Multi Family
Materials
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gorham
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $800,000$171/sqft |
Source:  Maine Listings #1647309 Report a problem | ||
| 2/25/2026 | Pending sale | $800,000$171/sqft |
Source: Maine Listings #1647309 Report a problem | ||
| 2/13/2026 | Price change | $800,000-3.6%$171/sqft |
Source: Maine Listings #1647309 Report a problem | ||
| 12/29/2025 | Listed for sale | $830,000+0.6%$178/sqft |
Source: Maine Listings #1647309 Report a problem | ||
| 8/26/2024 | Listing removed | $825,000-2.9%$177/sqft |
Source: Maine Listings #1597990 Report a problem | ||
| 7/24/2024 | Listed for sale | $850,000-5.6%$182/sqft |
Source: Maine Listings #1597990 Report a problem | ||
| 9/24/2023 | Listing removed | -- |
Source: Maine Listings #1564819 Report a problem | ||
| 9/22/2023 | Price change | $900,000+5.9%$193/sqft |
Source: Maine Listings #1564819 Report a problem | ||
| 9/7/2023 | Listed for sale | $850,000$182/sqft |
Source: Maine Listings #1564819 Report a problem | ||
| 7/17/2023 | Pending sale | $850,000$182/sqft |
Source: Maine Listings #1564819 Report a problem | ||
| 7/10/2023 | Listed for sale | $850,000+5.6%$182/sqft |
Source: Maine Listings #1564819 Report a problem | ||
| 6/22/2022 | Sold | $805,000+15.8%$172/sqft |
Source: Maine Listings #1522310 Report a problem | ||
| 4/4/2022 | Pending sale | $695,000$149/sqft |
Source: Maine Listings #1522310 Report a problem | ||
| 3/22/2022 | Listed for sale | $695,000+98.6%$149/sqft |
Source: Maine Listings #1522310 Report a problem | ||
| 4/15/2016 | Sold | $350,000-4.1%$75/sqft |
Source: Maine Listings #1243218 Report a problem | ||
| 2/2/2016 | Price change | $365,000-2.7%$78/sqft |
Source: RE/MAX Allied #1243218 Report a problem | ||
| 11/4/2015 | Listed for sale | $375,000$80/sqft |
Source: RE/MAX Allied #1243218 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,031 +6.9% | $682,400 |
| 2023 | $9,383 +7% | $682,400 |
| 2022 | $8,769 +39.3% | $682,400 +106% |
| 2020 | $6,295 +0.3% | $331,300 |
| 2019 | $6,278 +4.1% | $331,300 |
| 2018 | $6,030 +6.4% | $331,300 |
| 2017 | $5,665 +0.6% | $331,300 +0.1% |
| 2016 | $5,629 -3.8% | $331,100 -7.7% |
| 2015 | $5,850 +14.8% | $358,900 +22.5% |
| 2014 | $5,098 +0.6% | $293,000 |
| 2013 | $5,069 +6.1% | $293,000 |
| 2012 | $4,776 | $293,000 |
| 2011 | $4,776 +2.5% | $293,000 |
| 2009 | $4,659 -0.6% | $293,000 |
| 2008 | $4,688 +6.7% | $293,000 +29.4% |
| 2006 | $4,394 | $226,500 |
Find assessor info on the county website
Neighborhood: 04038
Nearby schools
GreatSchools rating
- 8/10Great Falls Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Gorham Middle SchoolGrades: 6-8Distance: 4.6 mi
- 9/10Gorham High SchoolGrades: 9-12Distance: 4 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$800,600
2% more
+$16,012
With Zillow Showcase(estimated)
$816,612
- Maine
- Cumberland County
- Gorham
- 04038
- 771 Gray Road