8 College Avenue, Gorham, ME 04038 (MLS# 1623066)

8 College Avenue, Gorham, ME 04038

$1,799,000

Property Type: Multi-Family Baths: 8 Square Footage: 5,444 Lot Size (sq. ft.): 26,572 Status: Closed

Current Price: $1,799,000 List Date: 5/07/2026 Last Modified: 5/07/2026

Overview

Description

Investment opportunity alert! Say hello to the McLellan House - an 8 Unit historic head-turner and turnkey treasure tucked into the heart of Gorham Village. Situated just steps from USM and all of Gorham's go-to spots - cafes, shops, and community happenings - this handsome colonial offers convenience to all who call it home. A stellar setup for savvy investors, this fully occupied eight-unit gem boasts a strong rental record, smart layouts, and low-maintenance living that keeps headaches (and handyman calls) to a minimum. Each unit is separately metered; tenants handle utilities, while the landlord covers water and sewer. Add in a sizable deck, detached 2-car garage, and spots for each tenant's cars (no parallel parking panic here!) and you've got a perfect combination of convenience and curb appeal. Whether you're looking to grow your portfolio or plant roots in one of Maine's most charming college towns, the McLellan House is your golden goose. Opportunity is knocking - will you ans ... (Read more)

Listing Details MLS# 1623066

Location Information

Street #: 8
Street Name: College
Street Type: Avenue
County: Cumberland
Town: Gorham
State/Province: ME
Zip Code: 04038
Leased Land: No
Book: 37581
Page: 104
Map: 102
Lot: 5
Zoning: UR, Historic
Zoning Overlay: Yes
Association: No
Full Tax Amount $: 11315
Tax Year: 2024
Tree Growth Y/N: No

Contract Information

Original List Price: 1920000

Property Information

Surveyed: Unknown
Seasonal: No
Number of Units: 8
Total Baths: 8
Total Full Baths: 8
Color: White
Year Built: 1803
SqFt Finished Above Grade: 5444
SqFt Finished Total: 5444
SqFt Source: Public Records
Garage: Yes
Garage Spaces: 2
Lot Size Acres +/-: 0.61
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0

Status Change Info

Pending Date: 2026-03-02
Closed Date: 2026-05-06
Closed Price: 1799000

Water Info

Water Frontage: No
Water View: No

Building Info

# Stories: 3
# Floors: 3
# Heating Units: 8
# Water Heaters: 8

More Information

Units

# of 1 BD Units: 8

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
Monthly Rent: 1850
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1750
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: Yes
Level: Second
Security Deposit: Yes
Monthly Rent: 1650
# Full Baths: Yes
# of Rooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: Yes
Level: Third
Security Deposit: Yes
Monthly Rent: 1800
# Full Baths: Yes
# of Rooms: 2
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Site

Open: Yes

Location

Near Town: Yes

Roads

Public: Yes

Transportation

Major Road Access: Yes

Style

Colonial: Yes
Federal: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Partial: Yes
Unfinished: Yes

View

Scenic: Yes

Foundation Materials

Granite: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Direct Vent Furnace: Yes

Heat Fuel

Gas Bottled: Yes

Income & Expenses

Gross Income: 171000
Operating Expenses: 24662.06

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Other: Yes

Parking

5 - 10 Spaces: Yes
Off Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Bottled: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Interior: Yes

Water Heater

Electric: Yes

Patio and Porch Features

Deck: Yes

Vehicle Storage

2 Car: Yes
Auto Door Opener: Yes
Detached: Yes

Property Features

Site: Open Location: Near Town Roads: Public Transportation: Major Road Access View: Scenic Style: Colonial; Federal Construction: Wood Frame Basement: Full; Partial; Unfinished Basement Entry: Interior Foundation Materials: Granite Exterior: Vinyl Siding Roof: Shingle Heat System: Direct Vent Furnace Heat Fuel: Gas Bottled Water Heater: Electric Cooling: None Floors: Carpet; Laminate; Other Patio and Porch Features: Deck Driveway: Paved Parking: 5 - 10 Spaces; Off Street; Paved Vehicle Storage: 2 Car; Auto Door Opener; Detached Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Income and Expenses ›

Lead Paint Addendum Public Access ›

IDX

Listing Office: King + Miller Real Estate

Selling Office: Keller Williams Coastal and Lakes & Mountains Realty

Last Updated: May - 07 - 2026

Broker Attribution: info@kingmillerrealestate.com

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