518 Ossipee Trail E
Gorham, ME 04038
20 Beds
9 Baths
4,640 sqft (on 8.69 acres)
20 Beds
9 Baths
4,640 sqft
(on 8.69 acres)
Local Information
- Map ViewExplore the area around 518 Ossipee Trail E.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1941
Lot Size
8.69 acres
Living Area
4,640 sqft
Price/Sqft
$323/sqft
Last check for updates: about 4 hours ago
Listed by Keller Williams Realty
Bought with: Real Broker
Source: Maine Listings, MLS#1622877
About this House
Excellent Investment Opportunity! This well-maintained property features a total of 9 units, including two duplexes and a 5-unit building. Each unit is separately metered for heat and electricity, with tenants responsible for their own utilities. The property boasts a solid rental history and individual heating systems for each unit. The current owner has prioritized upkeep, with major updates already completed, including a new roof and new windows. While the property is already stable and cash-flowing, there is significant upside potential through cosmetic upgrades and rent increases, as current rents are below market. Don't miss this opportunity to own a reliable, income-producing asset with room to grow! NOI: 134,919.31
518 Ossipee Trail E, Gorham, ME 04038 is a 20 bedroom, 9 bathroom, 4,640 sqft multi-family built in 1941. It last sold for the $1,500,000 asking price on Nov 18, 2025. It is currently off market. The Trulia Estimate is $1,525,500, with a rent estimate of $2,568/month.
Home Details for 518 Ossipee Trail E
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MLS Status: Closed |
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Interior Details Basement: Doghouse,Interior Entry,Full |
Beds & Baths Number of Bedrooms: 20Number of Bathrooms: 9Number of Bathrooms (full): 9 |
Dimensions and Layout Living Area: 4640 Square Feet |
Appliances & Utilities Utilities: Utilities On |
Heating & Cooling Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Gas & Electric Electric: Circuit Breakers |
Windows, Doors, Floors & Walls Flooring: Carpet, Vinyl |
Levels, Entrance, & Accessibility Stories: 1Floors: Carpet, Vinyl |
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Exterior Home Features Roof: ShingleNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Paved,11 - 20 Spaces |
Frontage Not on Waterfront |
Water & Sewer Sewer: Private Sewer |
Finished Area Finished Area (above surface): 4640 Square Feet |
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Year Built Year Built: 1941 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Ranch |
Building Construction Materials: Wood Frame, Vinyl Siding |
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Price List Price: $1,500,000Price Per Sqft: $323/sqft |
Status Change & Dates Off Market Date: Wed Jul 09 2025 |
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Direction & Address City: Gorham |
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Building Area Building Area: 4640 Square Feet |
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Lot Area: 8.69 Acres |
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BasementMls Number: 1622877Attribution Contact: (207) 232-8877Above Grade Unfinished Area: 4640 |
Price History for 518 Ossipee Trail E
| Date | Price | Event | Source |
|---|---|---|---|
| 11/18/2025 | $1,500,000 | Sold | Maine Listings #1622877 |
| 07/15/2025 | $1,500,000 | Pending | Maine Listings #1622877 |
| 07/01/2025 | $1,500,000 | PendingToActive | Maine Listings #1622877 |
| 06/18/2025 | $1,500,000 | Pending | Maine Listings #1622877 |
| 05/16/2025 | $1,500,000 | Listed For Sale | Maine Listings #1622877 |
Market trends in Gorham
Last updated June 2026
Avg. sale price
$594K
$21.67KMoM
Sale-to-List Price
—
Price per sq ft
$313
$5MoM
Available listings
43
8MoM
- Results are loading
Comparable Sales for 518 Ossipee Trail E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.51 | Multi-Family Home | $585,000 | 04/02/26 | 4 | 2.5 | 2,708 | |
0.95 | Multi-Family Home | $525,000 | 01/30/26 | 4 | 2 | 1,664 | |
1.28 | Multi-Family Home | $449,000 | 12/18/25 | 4 | 2 | 2,236 | |
2.45 | Multi-Family Home | $275,000 | 02/20/26 | 6 | 4 | 4,096 | |
4.31 | Multi-Family Home | $490,000 | 01/30/26 | 5 | 2 | 2,801 | |
5.47 | Multi-Family Home | $1,799,000 | 05/06/26 | 7 | 8 | 5,444 |
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Assigned Schools
These are the assigned schools for 518 Ossipee Trail E.
- Gorham High School
- 9-12
- Public
- 812 Students
9/10GreatSchools RatingParent Rating AverageMy Jordan thrives there and at the Windham school she was quite and a loner. Now she is on the basket ball team and has lots of friends. I don't know what you did but thank you Sheri ScarpaParent Review11y ago - Village Elementary School-Gorham
- K-5
- Public
- 392 Students
7/10GreatSchools RatingParent Rating AverageMy child has had a great experience at Village. There are certainly opportunities for parents to get involved with their child's educational goals and needs. Meetings are held monthly for parents to learn about what's happening in the schools and give their input.Parent Review2y ago - Gorham Middle School
- 6-8
- Public
- 718 Students
8/10GreatSchools RatingParent Rating AverageThe principal and vice principal were excellent at this school. Some of the teachers were amazing and really cared about the kids, were engaging and did fun things (like end of year Katahdin camping trips!). However, there was one 7th grade teacher who was the worst teacher experience of our lives here, and we never once had a bad repoir with a teacher before. She frequently yelled at the kids and belittled them, often to tears. Two students left for private school because of her, I wish I had done that with mine. I don’t think she had a compassionate bone in her body. I won’t go into details because she is no longer a teacher there, so you won’t have to worry about her.Bullying and harrassment rampant, and not just by the miscreant types of kids (and there are plenty of those even in Gorham). Some of the “popular” athletes were the worst, especially the girls.Parent Review4y ago 
Check out schools near 518 Ossipee Trail E.
What Locals Say about Gorham
At least 38 Trulia users voted on each feature.
93 % Say people would walk alone at night
90 % Say yards are well-kept
88 % Say parking is easy
87 % Say there's wildlife
83 % Say car is needed
82 % Say it's dog friendly
81 % Say there's holiday spirit
77 % Say kids play outside
66 % Say neighbors are friendly
60 % Say they plan to stay for at least 5 years
56 % Say it's quiet
47 % Say it's walkable to restaurants
44 % Say it's walkable to grocery stores
36 % Say there are sidewalks
34 % Say there are community events
28 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
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Off Market Homes Near 518 Ossipee Trail E
SOLDJUL 31, 2026Maine Home Connection, Closed
SOLDJUN 23, 2026King + Miller Real Estate, Closed
SOLDJUN 18, 2026Dream Home Realty LLC, Closed
SOLDJUN 10, 2026
SOLDJUN 9, 2026Maine Real Estate Experts, Closed
SOLDJUN 8, 2026American Real Estate, Closed- SOLDMAY 21, 2026
SOLDMAY 15, 2026King + Miller Real Estate, Closed
SOLDMAY 6, 2026Dan Anderson Real Estate, Inc., Closed
SOLDMAY 6, 2026Signature Homes Real Estate Group, LLC, Closed- See more homes for sale inGorham
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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