518 Ossipee Trail E, Gorham, ME 04038
Property image
Property image
OFF MARKET

$1,524,500

Trulia Estimate
  • 20 Beds
  • 9 Baths
  • 4,640 sqft (on 8.69 acres)

518 Ossipee Trail E, Gorham, ME 04038

Est. Refi. Payment $9,549/mo*
Refinance Your Home
Currently Off Market - Sold Nov 18, 2025 for $1,500,000

Home Value

Trulia Estimate
$1.52M
Since last month
$600 (0%)
Since last year
Increased$145K (+10.5%)
Since last sale
Increased$25K (+1.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +5% in the last 10 years
MonthEstimated value
2026
September 2026$1.52M
August 2026$1.53M
July 2026$1.53M
June 2026$1.55M
May 2026$1.55M
April 2026$1.53M
March 2026$1.52M
February 2026$1.51M
January 2026$1.51M
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
12 Strouts Way, Gorham, ME
0.51
Multi-Family Home
$585,000
04/02/26
4
2.5
2,708
89 Shaws Mill Road, Gorham, ME
0.95
Multi-Family Home
$525,000
01/30/26
4
2
1,664
183 Buck Street, Gorham, ME
1.28
Multi-Family Home
$449,000
12/18/25
4
2
2,236
443 Northeast Road, Standish, ME
2.45
Multi-Family Home
$275,000
02/20/26
6
4
4,096
95 Skip Road, Buxton, ME
4.31
Multi-Family Home
$490,000
01/30/26
5
2
2,801
8 College Avenue, Gorham, ME
5.47
Multi-Family Home
$1,799,000
05/06/26
7
8
5,444
6 Narragansett Street, Gorham, ME
5.44
Multi-Family Home
$525,000
09/04/26
6
3
3,148

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
508 Ossipee Trail Trail E, Gorham, ME 04038
0.07
$391,800
3
1
1,111
Off Market
200 Ossipee Trail E, Standish, ME 04084
0.18
-
-
-
-
Off Market
200 Ossipee Trail W, Standish, ME 04084
0.20
-
-
-
-
Off Market
Lot #12 JDP Drive, Gorham, ME 04038
0.24
-
-
-
-
Off Market
Lot #10 JDP Drive, Gorham, ME 04038
0.24
-
-
-
-
Off Market
Lot #6 JDP Drive, Gorham, ME 04038
0.25
-
-
-
-
Off Market
Lot #5 Buck Street, Gorham, ME 04038
0.32
-
-
-
-
Off Market
0 Buck Street, Gorham, ME 04038
0.32
-
-
-
-
Off Market
51 Buck Street, Gorham, ME 04038
0.34
$680,300
3
2.5
1,768
Off Market
469 Ossipee Trail E, Gorham, ME 04038
0.38
$396,000
2
1
1,170
Off Market
61 Buck Street, Gorham, ME 04038
0.39
$764,600
4
2.5
1,997
Off Market

Local Information

  • Map ViewExplore the area around 518 Ossipee Trail E.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1941
8.69 acre lot
4,640 sqft
$329/sqft
Last check for updates: about 2 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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,524,500, with a rent estimate of $1,934/month.

Home Details for 518 Ossipee Trail E

Active Status

MLS Status: Closed

Interior Features

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

Exterior Features

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

Property Information

Year Built
Year Built: 1941
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Ranch
Building
Construction Materials: Wood Frame, Vinyl Siding

Price & Status

Price
List Price: $1,500,000
Status Change & Dates
Off Market Date: Wed Jul 09 2025

Location

Direction & Address
City: Gorham

Building

Building Area
Building Area: 4640 Square Feet

Lot Information

Lot Area: 8.69 Acres

Miscellaneous

BasementMls Number: 1622877Attribution Contact: (207) 232-8877Above Grade Unfinished Area: 4640

Price and Tax history

DateEventPrice
Nov 18, 2025
Source: Maine Listings #1622877
Sold
$1,500,000
Jul 15, 2025
Source: Maine Listings #1622877
Pending
$1,500,000
Jul 1, 2025
Source: Maine Listings #1622877
PendingToActive
$1,500,000
Jun 18, 2025
Source: Maine Listings #1622877
Pending
$1,500,000
May 16, 2025
Source: Maine Listings #1622877
Listed For Sale
$1,500,000

Market trends in Gorham

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
54
14MoM

Around this home

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.
  • Aqueen22
    "great place to live "
    0
    Flag
  • M. B.
    "Gorham is in a location where you have to drive a minimum of 15-20min to get to the highways. Driving into downtown Portland can take up to 1hr with rush hour traffic. "
    3
    Flag
  • Wilson d.
    "I lived here for twenty years. The neighbours are very friendly and helpful. This is one of the best communities in southern Maine. "
    2
    Flag
  • Guitahguy22
    "The rusticity and diversity of the neighborhood. I grew up in south Portland and since I’ve been in Gorham it’s been a pleasure, to say the least "
    8
    Flag
  • Marion R.
    "Your children can walk to school. You can walk to the store and all around town. The people are very friendly and easy going. The home has a lovely yard with room for a pool in the back. The hardwood floors have been redone. It is move-in ready!"
    4
    Flag

LGBTQ Local Legal Protections

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 206-424-8443

Frequently asked questions about 518 Ossipee Trail E

  • What is 518 Ossipee Trail E estimated to be worth?
    Trulia's estimated value for 518 Ossipee Trail E in Gorham, ME is $1,524,500.
  • What is the price history for 518 Ossipee Trail E?
    518 Ossipee Trail E in Gorham, ME last sold for $1,500,000 in November 2025.
  • Is Gorham a buyer's or seller's market?
    Gorham is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Gorham?
    Residents describe Gorham, ME as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Gorham, ME.
  • Does 518 Ossipee Trail E have parking?
    Yes, 518 Ossipee Trail E in Gorham, ME has on-site parking.

Explore by feature - Pet Friendly

7 pet-friendly rentals in Gorham, ME

Explore by feature - Washer/dryer

8 rentals with a washer/dryer in Gorham, ME

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 518 Ossipee Trail E

Skip to last item
Skip to first item

Homes for sale near 518 Ossipee Trail E

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item