272 Portland Road, Gray, ME 04039 (MLS# 1488660)

272 Portland Road, Gray, ME 04039

$1,425,000

Property Type: Multi-Family Baths: 20 Square Footage: 7,415 Lot Size (sq. ft.): 326,700 Status: Closed

Current Price: $1,425,000 List Date: 5/18/2021 Last Modified: 1/07/2025

Overview

Description

Great cash flow at a 9 Cap with very low vacancy. Busy Bee Cabins in Gray consists of 11 Cabins, 2 single wide trailers, 1 triplex, and the Main house with owner or manager quarters and 2 additional apartments. Seller built a 2 story barn/garage which is 40x60 with 2400s/f on 1st floor and 1200s/f of storage space on 2nd floor which can be finished. The 1st floor ceiling is 15' with an 12x13.6 overhead door, radiant heat, epoxy floors, 3/4 bath. Current manager would stay on for new owners.

Listing Details MLS# 1488660

Location Information

Street #: 272
Street Name: Portland
Street Type: Road
County: Cumberland
Town: Gray
State/Province: ME
Zip Code: 04039
Zip +4: 8904
Leased Land: No
Book: 26466
Page: 78
Map: 069
Block: 041
Lot: 001
Zoning: Commercial, Res, Ag
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 11909
Tax Year: 2020

Contract Information

Original List Price: 1550000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: Yes
Deed/Conveyance Type Offered: Warranty
Number of Units: 19
Total Baths: 20
Total Full Baths: 19
Total Half Baths: Yes
Year Built: 1950
SqFt Finished Above Grade: 7415
SqFt Finished Total: 7415
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 4060
Lot Size Acres +/-: 7.5
Source of Acreage: Survey
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2021-06-24
Closed Date: 2021-10-29
Closed Price: 1425000

Water Info

Water Frontage: No
Water View: No

Units

# of 1 BD Units: 18
# of 2 BD Units: Yes

More Information

Unit 1

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1126
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 9

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 10

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 11

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 12

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1083
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 13

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1200
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 14

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1040
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 15

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: No
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 16

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1516
# Full Baths: Yes
# Half Baths: Yes
# of Rooms: 5
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 17

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 18

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 880
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 19

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1126
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: dpierce3@maine.rr.com

Site

Level: Yes
Wooded: Yes

Location

Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Dirt: Yes
Gravel: Yes
Private Road: Yes

Style

Camp: Yes
Cottage: Yes
Farmhouse: Yes
Other: Yes

Construction

Wood Frame: Yes

Basement

Slab: Yes

View

Trees/Woods: Yes

Foundation Materials

Poured Concrete: Yes
Slab: Yes

Exterior

Other Exterior: Yes

Roof

Other: Yes
Rolled/Hot Mop: Yes
Shingle: Yes

Heat System

Baseboard: Yes
Direct Vent Heater: Yes

Heat Fuel

K-1/Kerosene: Yes
Propane: Yes

Income & Expenses

Gross Income: 225923
Operating Expenses: 79522

Cooling

Other: Yes
Wall/Window Unit(s): Yes

Floors

Laminate: Yes
Other: Yes
Vinyl: Yes
Wood: Yes

Parking

21+ Spaces: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Private Sewer: Yes

Water

Private: Yes

Driveway

Common: Yes
Gravel: Yes
Other: Yes
Reclaimed: Yes

Restrictions

No Cats Allowed: Yes
No Dogs Allowed: Yes

Basement Entry

Bulkhead: Yes

Water Heater

Electric: Yes
Off Heating System: Yes

Vehicle Storage

Detached: Yes
Heated: Yes
Storage Above: Yes

Property Features

Site: Level; Wooded Location: Near Town; Near Turnpike/Interstate Roads: Dirt; Gravel; Private Road View: Trees/Woods Style: Camp; Cottage; Farmhouse; Other Construction: Wood Frame Basement: Slab Basement Entry: Bulkhead Foundation Materials: Poured Concrete; Slab Exterior: Other Exterior Roof: Other; Rolled/Hot Mop; Shingle Heat System: Baseboard; Direct Vent Heater Heat Fuel: K-1/Kerosene; Propane Water Heater: Electric; Off Heating System Cooling: Other; Wall/Window Unit(s) Floors: Laminate; Other; Vinyl; Wood Driveway: Common; Gravel; Other; Reclaimed Parking: 21+ Spaces Vehicle Storage: Detached; Heated; Storage Above Restrictions: No Cats Allowed; No Dogs Allowed Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer Water: Private

Documents

Property Disclosure Public Access ›

Lead Paint Addendum Public Access ›

IDX

Listing Office: Bean Group

Selling Office: Signature Homes Real Estate Group, LLC

Last Updated: January - 07 - 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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.