8 College Avenue

Gorham, ME 04038
Baths
8
Square Ft.
5,444
$1,920,000
Investment opportunity alert! Say hello to the McLellan House - an 8 Unit historic head-turner and turnkey treasure tucked into the heart of Gorham Village. Situated just steps from USM and all of Gorham's go-to spots - cafes, shops, and community happenings - this handsome colonial offers convenience to all who call it home. A stellar setup for savvy investors, this fully occupied eight-unit gem boasts a strong rental record, smart layouts, and low-maintenance living that keeps headaches (and handyman calls) to a minimum. Each unit is separately metered; tenants handle utilities, while the landlord covers water and sewer. Add in a sizable deck, detached 2-car garage, and spots for each tenant's cars (no parallel parking panic here!) and you've got a perfect combination of convenience and curb appeal. Whether you're looking to grow your portfolio or plant roots in one of Maine's most charming college towns, the McLellan House is your golden goose. Opportunity is knocking - will you answer?
Market LogoCourtesy of King + Miller Real Estate [email protected]
Listing Snapshot
Days Online
74
Last Updated
Full Baths
8
Square Ft.
5,444
Lot Size
0.61 Acres
Year Built
1803
MLS Number
1623066
Additional Details
Basement
Basement: "Interior", "Full", "Partial", "Unfinished"
Building
Architectural Style: "Colonial", "Federal", Building Area Total: 5,444, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 8, Year Built: 1803, 3 stories, 3 total stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $24,662
Exterior Features
Patio And Porch Features: "Deck", Patio And Porch Features: "Deck"
Floors
Flooring: "Other", "Laminate", "Carpet"
Foundation
Foundation Details: "Granite"
Garage
Garage Included, 2 garage spaces
Heating
Heating: "Direct Vent Furnace", Heating Included
Income
Gross Income: $171,000
Lot
Features: "Open", "Near Town", 0.61 acres, Area: 0.61, 26,572 square feet
Parking
Features: "Auto Door Opener", "5 - 10 Spaces", "Paved", "Detached", "Off Street"
Property
Parcel Number: GRHM-000102-000005, View: "Scenic", Zoning: UR, Historic
Roof
Roof: "Shingle"
Security Features
Features: "Fire System"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $11,315, Tax Lot: 5
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04038
$550k
+6%
(avg) sold price
22
-29%
homes sold
14
-36%
(avg) days on market
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.