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    Gray, ME
    Residential Income

    Gray, ME Residential Income Properties for Sale

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    Windham, ME Cumberland, ME Falmouth, ME North Yarmouth, ME New Gloucester, ME Raymond, ME Westbrook, ME Yarmouth, ME
    Two-Unit Duplex with Finished Basement
    Updated: Jul 14
    Two-Unit Duplex with Finished Basement

    56 Yarmouth Road, Gray, ME 04039

    $659,900
    2,793 sqft 0.75 AC lot
    Main unit: three bedrooms with private primary suite, jacuzzi tub, and office area
    Second‑floor unit: open‑concept kitchen, living, and dining plus two bedrooms and a full bath
    Finished basement suitable for additional living space, office, gym, or recreation
    Heated detached two‑car garage with ample storage space above
    0.75‑acre lot with public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    56 Yarmouth Road, Gray, ME 04039

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    • Est. Cap Rate

      7.5%
      Above avg (5.9%)

    • Est. NOI

      $49K
      Annual

    • Price @ 7% Cap

      $705K
      Above asking

    • Property Type

      Duplex
      Built 1945
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    Two-Unit Residential Income Property
    Updated: Jul 6
    Two-Unit Residential Income Property

    56 Yarmouth Road, Gray, ME 04039

    $659,900
    2,793 sqft
    Two‑unit duplex (built 1945) with separate spaces for owner‑occupants, multi‑generational living, or investment use.
    Main unit includes 3 bedrooms, including a private primary suite with jacuzzi tub and office area, plus a living room, full bath, and half bath.
    Main unit features a family room with cathedral ceilings and natural light, and direct access from the open kitchen to the outdoor entertaining area and back deck.
    Second‑floor unit has an open‑concept kitchen, living, and dining area with 2 bedrooms and a full bath, plus a private deck overlooking the backyard.
    Finished basement offers potential for additional living space, home office, gym, or recreation.
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Gray, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Duplex with New Roof
    Turn-Key Duplex with New Roof

    243 Windham Center Road, Windham, ME 04062

    $575,000
    1,728 sqft

    Vacant duplex with two 2-bedroom, 1-bath units freshly updated with new paint, siding, and a newer roof.

    View details
    Fully Updated Quadplex with Updated Systems
    Fully Updated Quadplex with Updated Systems

    15 South Street, Freeport, ME 04032

    $1,195,000
    3,900 sqft

    Four fully updated units include separate utilities, off-street parking, and washer/dryer access with a spacious backyard.

    View details
    Multi-Unit Residential Income Property
    Multi-Unit Residential Income Property

    96 Mineral Spring Road, Windham, ME 04062

    $599,000
    2,940 sqft

    Multi-unit property near Sebago Lake association access, offering flexible living space and requiring updates to realize its potential.

    View details
    Apartment Building
    Apartment Building

    12 Elm St, Freeport, ME 04032

    $10,495,000

    Apartment building built in 1979, located steps from downtown Freeport.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land with Subdivision Potential
    Land with Subdivision Potential

    1 Blackthorne Lane, Gray, ME 04039

    $449,999
    28.30 AC lot

    28+ acres in Gray, Maine with subdivision potential.

    View details
    Wooded Land in Cumberland, Maine
    Wooded Land in Cumberland, Maine

    Tinker Lane, Cumberland, ME 04021

    $175,000
    3.45 AC lot

    3.45 acre wooded lot near West Cumberland development.

    View details
    Waterfront Land with Pond Frontage
    Waterfront Land with Pond Frontage

    Lot42-1001 Maine Street, Unit MAP 10, Poland, ME 04274

    $275,000
    296,208 sqft 6.80 AC lot

    6.8 acre waterfront land with 476 feet of frontage.

    View details
    Residential Land in Poland, Maine
    Residential Land in Poland, Maine

    Lucys Drive, Poland, ME 04274

    $275,000
    13.30 AC lot

    13.3-acre residential land with potential for subdivision.

    View details

    Off-Market Properties in Gray, ME

    Consider similar Off-Market properties in Gray, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    224 Shaker Rd
    Land

    224 Shaker Rd, Gray, ME 04039

    Value Estimation by Request
    22.00 AC lot
    View details

    Gray, ME Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Gray, ME on our real estate platform. These investment opportunities span a total of 5,586 square feet of properties for sale, with an estimated market value of $1,319,800.

    Sale prices for residential income properties in Gray, ME average $659,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Multifamily properties 2

    Demographics Overview

    Population 8,004
    Population Growth (5Y) +5.9%
    Median Household Income $94,284
    College Educated 59.3%

    High-Yield Neighborhoods for Investment

    Identify Gray submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04039 $659.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.52%
    Property Tax per SF $56.38 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cumberland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cumberland County

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