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Duplex with Renovated Unit
For Sale
$520,000

243 Fort Hill Rd, Gorham, ME 04038

Two residential units include a recently renovated unit and updates to the other.

Property Size3,712 SF
Price / SF$140.09
Days on Market51

Property Features for 243 Fort Hill Rd

General Information

Standard status Active
Size 3,712 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1880
Listed By: Signature Homes Real Estate Group
Source: Signaturehomesmaine
Added: Aug 28 Changed: Oct 14 Last Checked: Oct 16 at 9:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Homes Real Estate Group

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Investment Insights

Based on property information with market context.

This 3,712-square-foot duplex contains two residential units within a property built in 1880. One unit has undergone a complete renovation, while the other has received upgrades, providing a combination of refreshed and established living space.

The property is located at 243 Fort Hill Rd in Gorham, approximately 0.9 miles from the main entrance of USM. Its two-unit configuration and proximity to the university provide a clearly defined residential income profile.

Key Highlights

  • Two‑unit duplex configuration
  • 3,712 square feet of property size
  • One unit fully remodeled

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store (Bike/Boat/Book/etc) Store HVAC Service Home Appliance Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units include a recently renovated unit and updates to the other.
Where is this duplex located?
The property is located at 243 Fort Hill Rd Gorham, ME.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 3,712 square feet of property size; One unit fully remodeled
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