Victorian
New
For Sale
$549,900
178 N Gorham Road, Gorham, ME 04038
Multi-Family, Gorham, ME
Property Size2,448 SF
Lot Size4.50 Acres
Price / SF$224.63
Days on Market4
Property Features for 178 N Gorham Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR-MH
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Basement, Bathroom 3
Patio and Porch features
Deck, Porch
Basement
Full, Unfinished
Lot features
Wooded, Rural
Standard status
Active
Size
2,448 SF
Lot size
4.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6269
Utilities
Sewer type
Septic Tank
Heating system
Oil, Baseboard
Water source
Well
Water front
1
Amenities
front porch
rear deck
laundry room
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Tile, Carpet
Building materials
Wood Frame, Clapboard, Shingle Siding
Roof type
Shingle
Architectural style
Victorian
Listing Agency:
PO-GO REALTY
(207) 839-3300
Listed By:
Peter Mason
(207) 632-8822
Added: Oct 12
Last Checked: Oct 15 at 6:06AM
MLS# 1683992
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,448-square-foot, two-unit Victorian was built in 1900 and requires repair and updating. The first-floor residence has a kitchen adjoining the dining area, a living room, two bedrooms and one full bath. The upper residence spans the second and third floors, with a kitchen and breakfast nook, living room, three bedrooms and two full baths. Each unit has a laundry room; a front porch and rear deck add outdoor space. An oversized two-car garage and barn includes walk-up storage.
The 4.5-acre property at 178 N Gorham Road in Gorham includes Nason Brook, a pond and a small waterfall. Zoning is SR-MH. The property is served by a well and septic system.
The 4.5-acre property at 178 N Gorham Road in Gorham includes Nason Brook, a pond and a small waterfall. Zoning is SR-MH. The property is served by a well and septic system.
Key Highlights
- Two‑unit, 2,448‑square‑foot Victorian built in 1900
- 4.5‑acre parcel with Nason Brook, a pond and a small waterfall
- First‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,260
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,200
$865.2K
Cap Rate 7%
$618,000
$618.0K
Cap Rate 9%
$480,667
$480.7K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$66.1K $27.00/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$61.8K $25.25/SF
− OpEx
−$18.5K −$7.57/SF
NOI
$43.3K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,200
Cap Rate 7%
$618,000
Cap Rate 9%
$480,667
Alternative Uses
Best Use
Multifamily LT 5
$618.0K
$540.8K – $721.0K
NOI $43,260 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$672.8K
$588.7K – $785.0K
NOI $47,098 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 04038, ME
18,336
Population
6,527
Households
2.8
Avg Household Size
39
Median Age
46%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
362
Density / Sq Mi
$110,181
Median Household Income
$53,122
Median Earnings
$1,567
Median Rent
$426,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences occupy a 4.5-acre parcel with a detached two-car garage and barn storage.
Where is this duplex located?
The property is located at 178 N Gorham Road Gorham, ME.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit, 2,448‑square‑foot Victorian built in 1900; 4.5‑acre parcel with Nason Brook, a pond and a small waterfall; First‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 2 full baths
