About this home
Exceptional investment opportunity in the heart of Gorham! Located at 14 School Street, this historic mixed-use building features three income-producing units, including two residential apartments and one commercial space, with mostly long-term tenants already in place. Situated within the desirable GVC (Gorham Village Center) zoning district, this property offers both immediate cash flow and future potential. Positioned just steps from the University of Southern Maine campus, local restaurants, shops, and village amenities, tenants enjoy the convenience of a highly walkable location. The property also offers valuable off-street parking, a sought-after feature in the village area. Whether you're looking to expand your investment portfolio, owner-occupy one of the spaces, or capitalize on the flexibility offered by mixed-use zoning, this well-maintained historic property presents a rare opportunity in one of Southern Maine's most desirable communities.
Listing last checked: Listing updated:
Listed by Listing Agent · A Team Realty · MLS #1665570
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Details at a glance
Building2 property facts
- Style
- Mixed Use
- Year built
- 1805
Land & utilities2 property facts
- Lot size
- 0.16 acres
- Zoning
- GVC
Financial2 property facts
- Annual taxes
- $8,884
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,180,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,707 / monthAdjust
- Principal & interest
- $5,967
- Property tax
- $740
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $8,884. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 14 School Street
Can I request a private showing?
Request a tour of 14 School Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.