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
Documents
Listing Office:
Elevate Maine Realty
IDX
Last Updated: September - 03 - 2025
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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

Property Disclosure Public Access ›