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Remodeled Duplex
New
For Sale
$525,000

243 Fort Hill Road, Gorham, ME 04038

Multi-Family, Gorham, ME

Property Size3,712 SF
Lot Size1.37 Acres
Price / SF$141.43
Days on Market4

Property Features for 243 Fort Hill Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 1, Bathroom 2
Basement Walk-Out Access, Full
Lot features Open, Corner Lot, Near Public Beach, Near Town, Suburban
Standard status Active
Size 3,712 SF
Lot size 1.37 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5077

Utilities

Sewer type Private Sewer
Heating system Wood Stove, Oil, Baseboard, Wood, Hot Water(Heating)
Water source Private
Water front features Lake
Water front 1

Building Details

Year built 1880
Floors in Building 2
Number of units 2
Flooring type Carpet, Laminate
Building materials Wood Frame, Vinyl Siding
Roof type Shingle
Architectural style Other
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Melissa Lunt
Added: Aug 26 Changed: Aug 27 Last Checked: Aug 29 at 3:06PM
MLS# 1677129

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 duplex contains 3,712 square feet on a 1.37-acre parcel and was built in 1880. The property includes two bathrooms and a basement, with the second unit fully remodeled and upgrades completed in the first. Construction is wood frame with vinyl siding, while interior finishes include carpet and laminate flooring.

Located at 243 Fort Hill Road in Gorham, the property is 0.9 miles from the main entrance of the University of Southern Maine. Water and sewer are private, and heating is provided through oil, wood, hot water, a wood stove, and baseboard systems. The site also includes lake waterfront features and a shingle roof.

Key Highlights

  • 3,712‑square‑foot duplex on 1.37 acres
  • Second unit fully remodeled; first unit also upgraded
  • 0.9 miles from the main entrance of the University of Southern Maine

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale 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

31
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with recent improvements, private utilities, and lake waterfront features in Gorham.
Where is this duplex located?
The property is located at 243 Fort Hill Road Gorham, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,712‑square‑foot duplex on 1.37 acres; Second unit fully remodeled; first unit also upgraded; 0.9 miles from the main entrance of the University of Southern Maine
More about this property
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