Active

Price cut: $30K (2/13)

$800,000

771 Gray Road, Gorham, ME 04038

10beds

4,673sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$780,000 Zestimate^®

$171/sqft

$-- HOA

What's special

Classic brick constructionAmple off-street parking

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

57 days

1,405

44

Tour with a local agent

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

Video & virtual tour

View virtual tour

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 & HOA

Location

Region: Gorham

Financial & listing details

Price per square foot: $171/sqft
Tax assessed value: $682,400
Annual tax amount: $10,031
Date on market: 12/29/2025

Estimated market value

$780,000

$741,000 - $819,000

$2,332/mo

Price history

Date	Event	Price
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