See Home Value
$720,000 - $878,000
● House - Off Market

847 Gray Road

Gorham, ME 04038
bedrooms
Studio
bathrooms
3 Baths
square feet
5,607 Ft²

About This Property

This remarkable Federal style building is currently configured as a two-unit offering over 5600sqft of living space with plenty of parking and 153 feet of Presumpscot River frontage with its own dock.   Gorgeous upscale rental units with 8 huge bedrooms, wood floors, exposed beams, custom granite kitchens, built-ins and period details throughout.  Unit #1 located on the first floor offers 2448 sqft, a 3-bedroom unit.   Unit #2 located on the 2nd and 3rd floors offers 3159 sqft, a 5-bedroom unit.    The sellers have replaced the windows in the main house and replaced the roof shingles.    This property has great visibility located in the heart of Gorham's Little Falls District, the current focus of a joint effort between Gorham and Windham with a Master Revitalization Plan underway. The current zone allows for mixed use and rooming houses like reentry or courage houses.  Also, part of Gorham's Small Dwelling Overlay District lucrative for reconfiguring with more units.    Join other investors like JCS Properties, LLC who just launched Red City Ale House, STJ, Inc who just completed an 8-unit condo project, Depot Street new apartment complex and Backwoods BBQ along with the Gorham Economic Development Corporation that sponsors the Food Truck Thursday's event at Little Falls Recreational Area.   This property would be a great investment or multi-generational home with plenty of room for most any family.

The manager has listed the unit size as 5607 square feet.
Unit Size
5,607 Ft²
Days on Market
-
Land Size
1.24 acres
Price per sqft
$143
Property Type
House
Property Taxes
$753
HOA Dues
-
Year Built
1824

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Price History

Date / Event Date Event Price
Apr 19, 2024 No longer available -
No longer available
Mar 9, 2024 Price Decreased $799,000
↓ $26K (3.2%)
Price Decreased
Oct 19, 2023 Price Decreased $825,000
↓ $50K (5.7%)
Price Decreased
Sep 27, 2023 Price Decreased $875,000
↓ $75K (7.9%)
Price Decreased
Sep 12, 2023 Listed $950,000
Listed
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Property Highlights

Exterior Details
Wood Siding

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20230912
09/12/2023
Loft
3 Bath
5607 ft²
$950,000
bedrooms
Loft
bathrooms
3 Bath
square feet
5607 ft²
-
-
Peter Mason
PO-GO REALTY

Building Info

847 Gray Road 847 Gray Road, Gorham, ME 04038
More about this Building
847 Gray Road
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