Price Reduced 8.69%

$799,000

Pending

Brochure

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Price History

$875,000
9/26/2023

$825,000
10/18/2023

$799,000
3/8/2024

847 Gray Road, Gorham, ME, 04038

847 Gray Road, Gorham, ME, 04038
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13 rooms

8 beds

3 Full baths

1824

Colonial, Federal, Multi-Level

5,607 sqft

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.

Status:

Pending

Type:

Single-family residential

Laundry Remarks:

Washer Hookup

Zoning:

LFVCD & UR

Frontage:

92

Heating:

Multi-Zones, Hot Water

Cooling:

None

Energy Features:

Double Pane Windows

Basement:

Exterior Entry, Doghouse, Bulkhead, Interior Entry, Unfinished

Parking:

5 - 10 Spaces, Paved, On Site

Acreage:

1.24

Est. Taxes:

$9,671

Construction

Wood Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Sidewalks, Landscaped, Intown, Neighborhood

Amenities:

Storage

Waterfront:

Yes

Appliances:

Refrigerator, Microwave, Electric Range, Dishwasher

MLS #:

1573074

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of PO-GO REALTY