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Residential Showpiece with Income Potential
For Sale
$1,249,000

84 Johnson Road, Gorham, ME 04038

Five-bedroom home with four apartments for income generation.

Property Size7,184 SF
Price / SF$173.86
Days on Market154

Property Features for 84 Johnson Road

General Information

Standard status Active
Size 7,184 SF
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $17,464

Building Details

Building Size 7,184 SF
Year Built 1778
Listing Agency: Dream Home Realty LLC
Listed By: Lisa Andrade
Source: Heathershieldsmaine
Added: May 15 Changed: Oct 5 Last Checked: Oct 15 at 7:54AM

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 Dream Home Realty LLC

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Investment Insights

Based on property information with market context.

This property, known as 'the Mansion,' features a five-bedroom residence and four apartments. The property size is 7184 square feet. The intended use of the property is residential income. The property is located in Gorham, Maine.

Key Highlights

  • Five‑bedroom showpiece home known as 'the Mansion'.
  • Includes four apartments, providing rental income to offset the mortgage.
  • Multiple heating systems: Gas Natural, Baseboard, Forced Air, Hot Water, Zoned.

Property Analytics

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Current Use

Peggy Gates piano ... Tutoring Service

Suggested Use

Top Pick Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

351
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?
Apartment building - Five-bedroom home with four apartments for income generation.
Where is this apartment building located?
The property is located at 84 Johnson Road Gorham, ME.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Five‑bedroom showpiece home known as 'the Mansion'.; Includes four apartments, providing rental income to offset the mortgage.; Multiple heating systems: Gas Natural, Baseboard, Forced Air, Hot Water, Zoned.
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