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Duplex with Remodeled Unit
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 Market2

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 Bathroom 2, Basement, Bathroom 1
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 Oil, Baseboard, Wood, Hot Water(Heating), Wood Stove
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 Laminate, Carpet
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: Sep 3 Last Checked: Sep 4 at 2:06PM
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 3,712-square-foot duplex includes two residential units on a 1.37-acre parcel. The second unit has undergone a full remodel, while the first unit has received upgrades. The 1880 structure features wood-frame construction with vinyl siding, laminate and carpet flooring, a shingle roof, basement space, and two bathrooms. Heating systems include oil-fired baseboard and hot-water equipment, along with wood heat and a wood stove.

Located 0.9 miles from the main entrance of the University of Southern Maine, the property is in Gorham, Maine. The parcel includes lake waterfront features and is served by private water and private sewer. R zoning applies to the property.

Key Highlights

  • Two‑unit duplex totaling 3,712 square feet
  • 1.37‑acre parcel with lake waterfront features
  • Second unit fully remodeled; first unit has upgrades

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.
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: Two‑unit duplex totaling 3,712 square feet; 1.37‑acre parcel with lake waterfront features; Second unit fully remodeled; first unit has upgrades
More about this property
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