25 Main Street, Gray, ME 04039

$750,000
Property Type: Multi-Family Baths: 2 Square Footage: 3,696 Lot Size (sq. ft.): 47,045 Status: Active
Current Price: $750,000 List Date: 8/21/2025 Last Modified: 9/03/2025

Description

This opportunity does not come around often. Located directly in the heart of Gray Village, 25 Main Street offers a rare opportunity for investors, business owners, or those seeking a versatile live-work property. Originally built in 1900 and fully renovated down to studs in 2018 with new wiring, insulation, and systems, this Colonial now features two updated 1-bedroom, 1-bath units, each designed with comfortable layouts and modern finishes with their own private deck. Hardwood floors, refreshed kitchens and baths, and bright living spaces make the units attractive for long-term tenants or short-term rental opportunities. Both units currently rented on month to month basis. Zoned for both residential and commercial use, the property provides endless flexibility. The large 1.08-acre in-town lot offers uncommon space for parking, outdoor use, or potential future enhancements — a rarity right in the Village center. Whether you're looking for a strong rental investment, a property to live in while generating income, or a unique location for a home-based business, this property is positioned to deliver both charm and return. Don't miss your chance to own one of Gray's most distinctive and versatile properties.

Supplements: ********

More Information MLS# 1635141

Location Information

Book: 27300 Leased Land: No Page: 102 Map: U02 Lot: 58 Zoning Overlay: No Association: No Tree Growth Y/N: No Street #: 25 Street Name: Main Street Type: Street County: Cumberland Town: Gray State/Province: ME Zip Code: 04039 Zip +4: 9531 Zoning: Village Full Tax Amount $: 4379 Tax Year: 2024 Geo Lat: 43.888378 Geo Lon: -70.32937

Property Information

Surveyed: Yes Seasonal: No Owner Occupied: No Number of Units: 2 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Lot Size Acres +/-: 1.08 Total Baths: 2 Total Half Baths: 0 SqFt Finished Above Grade: 1848 SqFt Finished Below Grade: 1848 SqFt Source: Public Records Garage: No Garage Spaces: 10 Total Full Baths: 2 Year Built: 1900 SqFt Finished Total: 3696 Source of Acreage: Public Records

Site

Level: 1 Open: 1

Location

Business District: 1 Intown: 1 Near Golf Course: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1

Water Info

Water Frontage: No Water View: No

Style

Cape Cod: 1

Construction

Wood Frame: 1

Basement

Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Wood Siding: 1

Roof

Pitched: 1 Shingle: 1

Heat System

Forced Air: 1

Heat Fuel

Gas Bottled: 1

Income & Expenses

Gross Income: 45600 Operating Expenses: 7778

Cooling

None: 1

Floors

Hardwood: 1

Units

# of 1 BD Units: 2

Parking

5 - 10 Spaces: 1 On Site: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 1900 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: Second Security Deposit: No Monthly Rent: 1900 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1

Amenities

Laundry - 1st Floor: 1 Laundry - 2nd Floor: 1

Patio and Porch Features

Deck: 1

Vehicle Storage

Storage Above: 1

Contract Information

Status: Active Original List Price: 750000 List Price: $750,000 Current Price: $750,000

Property Features

Site: Level; Open Location: Business District; Intown; Near Golf Course; Near Turnpike/Interstate; Neighborhood Roads: Paved; Public Transportation: Major Road Access Style: Cape Cod Construction: Wood Frame Basement: Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Wood Siding Roof: Pitched; Shingle Heat System: Forced Air Heat Fuel: Gas Bottled Water Heater: Electric Cooling: None Floors: Hardwood Amenities: Laundry - 1st Floor; Laundry - 2nd Floor Patio and Porch Features: Deck Driveway: Paved Parking: 5 - 10 Spaces; On Site Vehicle Storage: Storage Above Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: Elevate Maine Realty
IDX
Last Updated: September - 03 - 2025
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