518 Ossipee Trail

Gorham ME 04038

4640 sq. ft.

378536.4 sq. ft.

Multi-Family

Last sold for $1,500,000

William Van Wickler, last sold this property on 18 November 2025 after -289 days on market.

Overview

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

Features

9 bathrooms

4640 sq. ft. floor area

378536.4 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Gorham over the last 12 months, the estimated median property value of 518 Ossipee Trail is $585k.

Median value

$585k

Estimated value range

$372.5k - $1.8m

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Gorham. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 518 Ossipee Trail

2025

Sold

$1,500,000

18 Nov 2025 by William Van Wickler, of Keller Williams Realty

Happy sellers in Gorham

We have insufficient information to provide an overview of customer satisfaction for Gorham. Viewing the agent profiles, reviews and sales for Gorham can provide insights for this location.