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$1,500,000

  • Sold
  • Closed
  • Multi-Family
  • 9 Units
  • 8.69 Acres
See This Home
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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

Full Property Details for 518 Ossipee Trl E

General

  • Sold For: $1,500,000
  • Taxes: $6,207 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1622877
  • Added to Site: 199 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 9

Parking

  • Parking Features: 11 - 20 Spaces, Paved

Location

  • County: Cumberland

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Private Sewer
  • Water: Private
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Ranch
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Shingle
  • Stories/Levels: 1
  • Building Size: 4640
  • Square Feet: 4,640
  • Living Area: 4,640 Sq. Ft.
  • Finished Total: 4,640 Sq. Ft.
  • Finished Above Grnd: 4,640 Sq. Ft.
  • Year Built: 1941

Lot Features

  • Lot Size (Acres): 8.69
  • Lot Size (Sq. Ft.): 378,536.4
  • Lot Size Source: Public Records
  • Zoning: SR
  • Lot Description: Well Landscaped, Near Town

Financial Considerations

  • Tax Amount: $6,207
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 14

Listed by Keller Williams Realty (207) 553-2605
Sold by Real Broker (207) 272-3984

Listing agent

— 518 Ossipee Trl E —

  • Keller Williams Realty

    207-553-2605

(207) 232-8877

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 518 Ossipee Trl E

School District:Gorham
NameGradesDistance
Village Elementary School-Gorham
12 Robie Street, Gorham, ME 04038
K-55.9 mi
Gorham Middle School, Gorham, ME
106 Weeks Road, Gorham, ME 04038
6-86.2 mi
Gorham High School, Gorham, ME
41 Morrill Avenue, Gorham, ME 04038
9-125.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 Ossipee Trl E

Date
Details
Price
Change
Source
11/18/2025
Sold
$1,500,000
—
MLS
5/16/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Realty (207) 553-2605
Sold by Real Broker (207) 272-3984

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518 Ossipee Trail E, Gorham, ME 04038 (MLS# 1622877) is a Multi-Family property that was sold at $1,500,000 on November 18, 2025. Want to learn more about 518 Ossipee Trail E? Do you have questions about finding other Multi-Family real estate for sale in Gorham? You can browse all Gorham real estate or contact a Coldwell Banker agent to request more information.