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Renovated Two-Unit Duplex
New
For Sale
$451,400

25 Main St., Gray, ME 04039

Residential Income, Gray, ME

Property Size2,847 SF
Lot Size1.08 Acres
Price / SF$158.55
Days on Market2

Property Features for 25 Main St.

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Gray
Standard status Active
Lot size 1.08 Acres

Amenities

laundry
deck
Listing Agency: Keenan Auction Company, Inc.
Listed By: Richard Keenan
Added: Sep 18 Changed: Sep 19 Last Checked: Sep 19 at 10:06AM
MLS# 11990835

Copyright © 2026 My State MLS. 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 two-story duplex at 25 Main St. in Gray includes two residential units within a New Englander-style home. The first-floor apartment contains 4 rooms, 1 bedroom, 1 bathroom, and approximately 1,520 SF; the second-floor apartment offers 4 rooms, 1 bedroom, 1 bathroom, and approximately 1,327 SF. The property was built circa 1900 and renovated in 2015, with wood-frame construction, vinyl exterior walls, an architectural shingle roof, tile and laminate flooring, laundry areas on both levels, two decks, and a full basement of approximately 420 SF. A monitor provides supplemental heating. The certificate of occupancy allows two 2-bedroom units.

The property occupies approximately 1.08 acres with about 79 feet of road frontage on Main St. The site is generally level and includes a paved driveway, public water, and private septic. It is located 0.1 miles from Gray Center and 0.5 miles from the Maine Turnpike, within the Village Center Proper zone.

Key Highlights

  • Two‑unit duplex with approximately 2,847 SF GLA
  • Approximately 1.08 acres with 79'+/- road frontage on Main St.
  • Renovated in 2015; original construction dates to circa 1900

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Law Firm Electrical Service Home Appliance Store

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
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

263
Businesses Nearby

Demographics for 04039, ME

7,922
Population
4,265
Households
1.9
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
194
Density / Sq Mi
$94,284
Median Household Income
$55,646
Median Earnings
$1,321
Median Rent
$333,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-story duplex with separate residential units, decks, laundry areas, and a full basement on a generally level site.
Where is this duplex located?
The property is located at 25 Main St. Gray, ME.
What is the asking price?
The asking price for this property is $451,400.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,847 SF GLA; Approximately 1.08 acres with 79'+/- road frontage on Main St.; Renovated in 2015; original construction dates to circa 1900
More about this property
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