389 Gray Road, Windham, ME 04062

New Listing
$535,000
Property Type: Multi-Family Baths: 3 Square Footage: 2,916 Lot Size (sq. ft.): 50,965 Status: Active
Current Price: $535,000 List Date: 3/12/2026 Last Modified: 3/12/2026

Description

Charming 2-unit property full of classic character, ideally located just minutes from Windham schools, shopping, and local amenities. This multi-family offers a strong rental history with reliable income, making it a great opportunity for both investors and owner-occupants. Each unit features original charm with modern touches and plenty of natural light, while the property provides ample parking and a convenient location for tenants. A rare chance to own a solid income-producing property in a great area.

Supplements: ********

More Information MLS# 1654048

Location Information

Book: 37032 Leased Land: No Page: 332 Map: 43 Lot: 8 Zoning Overlay: No Association: No School District: RSU 15/MSAD 15 Tree Growth Y/N: No Street #: 389 Street Name: Gray Street Type: Road County: Cumberland Town: Windham State/Province: ME Zip Code: 04062 Zip +4: 4248 Zoning: Farm Full Tax Amount $: 5932 Tax Year: 2025 Geo Lat: 43.782294 Geo Lon: -70.413882

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 2 Deed: All Deed Restrictions: Unknown 2 Detached Houses on 1 Lot: No Lot Size Acres +/-: 1.17 Total Baths: 3 Total Half Baths: 0 Color: Tan Road Frontage: No SqFt Finished Above Grade: 2916 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 2 Total Full Baths: 3 Year Built: 1900 SqFt Finished Total: 2916 Source of Acreage: Public Records

Site

Level: 1 Open: 1

Location

Near Town: 1 Rural: 1 Suburban: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1

Water Info

Water Frontage: No Water View: No

Style

Farmhouse: 1 Other: 1

Construction

Wood Frame: 1

Structure Type

Duplex: 1

Basement

Bulkhead: 1 Dirt Floor: 1 Partial: 1 Sump Pump: 1

Exterior

Vinyl Siding: 1

Roof

Fiberglass: 1 Pitched: 1 Shingle: 1

Heat System

Baseboard: 1 Direct Vent Furnace: 1 Direct Vent Heater: 1 Forced Air: 1 Hot Water: 1

Building Info

# Stories: 2 # Heating Units: 2

Heat Fuel

Propane: 1

Income & Expenses

Gross Income: 51648 Operating Expenses: 5820

Cooling

None: 1

Floors

Laminate: 1 Tile: 1 Wood: 1

Accessibilitiy Amenities

Level Entry: 1

Units

# of 2 BD Units: 1 # of 3 BD Units: 1

Parking

5 - 10 Spaces: 1 Off Street: 1 On Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2275 # Full Baths: 2 # of Rooms: 5 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1900 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Gas

Bottled: 1

Sewer

Private Sewer: 1 Septic Tank: 1

Water

Public: 1

Driveway

Gravel: 1

Restrictions

No Restrictions: 1

Basement Entry

Bulkhead: 1

Water Heater

Electric: 1 Gas: 1 Off Heating System: 1 Tankless: 1

Amenities

1st Floor Bedroom: 1 Bathtub: 1 Storage: 1

Patio and Porch Features

Deck: 1

Equipment

Internet Access Available: 1

Vehicle Storage

2 Car: 1 Detached: 1

Contract Information

Status: Active Original List Price: 535000 List Price: $535,000 Current Price: $535,000

Property Features

Site: Level; Open Location: Near Town; Rural; Suburban Roads: Paved; Public Transportation: Major Road Access Style: Farmhouse; Other Structure Type: Duplex Construction: Wood Frame Basement: Bulkhead; Dirt Floor; Partial; Sump Pump Basement Entry: Bulkhead Exterior: Vinyl Siding Roof: Fiberglass; Pitched; Shingle Heat System: Baseboard; Direct Vent Furnace; Direct Vent Heater; Forced Air; Hot Water Heat Fuel: Propane Water Heater: Electric; Gas; Off Heating System; Tankless Cooling: None Floors: Laminate; Tile; Wood Amenities: 1st Floor Bedroom; Bathtub; Storage Patio and Porch Features: Deck Equipment: Internet Access Available Driveway: Gravel Parking: 5 - 10 Spaces; Off Street; On Site Vehicle Storage: 2 Car; Detached Restrictions: No Restrictions Electric: Circuit Breakers Gas: Bottled Sewer: Private Sewer; Septic Tank Water: Public
Listing Office: Portside Real Estate Group
IDX
Last Updated: March - 12 - 2026
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