8 College Avenue, Gorham, ME 04038 (MLS# 1623144)

8 College Avenue, Gorham, ME 04038

$1,799,000

Property Type: Commercial Square Footage: 5,444 Lot Size (sq. ft.): 26,572 Status: Pending

Current Price: $1,799,000 List Date: 3/03/2026 Last Modified: 3/03/2026

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# 1623144

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
Full Tax Amount $: 11315
Tax Year: 2024
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 1920000

Property Information

Primary Use: Multi Family
Surveyed: Unknown
Year Built: 1803
Year Renovated +/-: 2022
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 3
SqFt Finished Total: 5444
Lot Size Acres +/-: 0.61

Status Change Info

Pending Date: 2026-03-02

Commercial Bldg Information

Gross Income: 171000
Operating Expenses: 24662.06
Total Units: 8

Water Info

Water Frontage: No
Water View: No

More Information

Utilities

Utilities On: Yes

Location

Downtown: Yes
Historic District: Yes
Near Shopping: Yes

Property Uses

Commercial: Yes

Construction

Wood Frame: Yes

Basement

Full: Yes
Partial: Yes
Unfinished: Yes

Foundation Materials

Granite: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Direct Vent Furnace: Yes

Heat Fuel

Gas Bottled: Yes

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Other: Yes

Building Features

Fire System: 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

Property Features

Location: Downtown; Historic District; Near Shopping Construction: Wood Frame Property Uses: Commercial Basement: Full; Partial; Unfinished Foundation Materials: Granite Exterior: Vinyl Siding Roof: Shingle Heat System: Direct Vent Furnace Heat Fuel: Gas Bottled Cooling: None Floors: Carpet; Laminate; Other Building Features: Fire System Parking: 5 - 10 Spaces; Off Street; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Lead Paint Addendum Public Access ›

Income and Expenses ›

Floor Plan ›

FEMA Map ›

Deed Public Access ›

IDX

Listing Office: King + Miller Real Estate

Last Updated: March - 03 - 2026

Broker Attribution: info@kingmillerrealestate.com

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