25 Main St

$750,000
Price
2
Beds
3,696 Sq. Ft.
$203 / Sq. Ft.
3,696
Sq. Ft.
$203
per Sq. Ft.

Description

This opportunity does not come around often. Located directly in the heart of Gray Village, 25 Main Street offers a rare opportunity for investors, business owners, or those seeking a versatile live-work property. Originally built in 1900 and fully renovated down to studs in 2018 with new wiring, insulation, and systems, this Colonial now features two updated 1-bedroom, 1-bath units, each designed with comfortable layouts and modern finishes with their own private deck. Hardwood floors, refreshed...This opportunity does not come around often. Located directly in the heart of Gray Village, 25 Main Street offers a rare opportunity for investors, business owners, or those seeking a versatile live-work property. Originally built in 1900 and fully renovated down to studs in 2018 with new wiring, insulation, and systems, this Colonial now features two updated 1-bedroom, 1-bath units, each designed with comfortable layouts and modern finishes with their own private deck. Hardwood floors, refreshed kitchens and baths, and bright living spaces make the units attractive for long-term tenants or short-term rental opportunities. Both units currently rented on month to month basis. Zoned for both residential and commercial use, the property provides endless flexibility. The large 1.08-acre in-town lot offers uncommon space for parking, outdoor use, or potential future enhancements — a rarity right in the Village center. Whether you're looking for a strong rental investment, a property to live in while generating income, or a unique location for a home-based business, this property is positioned to deliver both charm and return. Don't miss your chance to own one of Gray's most distinctive and versatile properties.
  1. Listed by Caleb Giustra • Elevate Maine Realty

Property Details for 25 Main Street

Waterfront
No
ArchitecturalStyle
Cape Cod
Garage Spaces
10.00
Garage
No
Zoning
Village
LISTING UPDATED: 09/03/2025 09:51 AM

Property Details for 25 Main Street

StatusActive
MLS #1635141
Days on Market125
Taxes$4,379 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size1.08 AC / 47,044 SF
CountyCumberland County

Location

Listing Courtesy of Elevate Maine Realty
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Building Information for 25 Main Street

Stories-Residences2Year Built1900Building Size-Lot Size1.08 AC / 47,044 SF

Payment Calculator

$4,071 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,706

Property Taxes

$365

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25 Main Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 9531
  • Directions: GPS accurate. Directly across from Gray town office.
  • Town: Gray
  • State/Province: ME
  • Zip Code: 04039
  • County: Cumberland
  • Geo Latitude: 43.888378
  • Geo Longitude: -70.32937
  • Tax Lot: 58
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Business District: Yes
  • Location:Intown: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
  • Transportation:Major Road Access: Yes
Parking
  • Parking Features: Storage Above, 5 - 10 Spaces, Paved, On Site
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 27300
  • Tax Map Number: U02
  • Tax Year: 2024
  • Parcel Number: GRAY-000035-000402-000058
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $4,379.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
Lot Information
  • SqFt Finished Below Grade: 1848.0
  • SqFt Finished Above Grade: 1848.0
  • Lot Size Acres: 1.08
  • Source of Acreage: Public Records
  • Building Area Total: 3696.0
  • Lot Size Area: 1.08
  • Lot Size Units: Acres
  • Lot Size Square Feet: 47044.8
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 25
  • Property Information:Surveyed: Yes
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Wood Frame
  • Roof: Pitched, Shingle
  • Vehicle Storage:Storage Above: Yes
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Interior, Unfinished
  • Cooling: None
  • Heating: Forced Air
  • Foundation Details: Stone, Brick/Mortar
  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $45,600.00
  • Operating Expenses: $7,778.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $1,900.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 1.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $1,900.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: Yes
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 2
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 25 Main Street

DateEvent & SourcePriceAppreciation
Jul 8, 2025

Listed (Active)

Maine Listings #1635141

$750,000
Oct 2, 2009

Sold

Maine Listings #946837

$145,000
Sep 24, 2009

Pending

Maine Listings #946837

Sep 24, 2009

Active Under Contract

Maine Listings #946837

Aug 18, 2009

Listed (Active)

Maine Listings #946837

$155,000
Jul 24, 2009

Expired

Maine Listings #903582

$199,888
Jul 24, 2008

Listed (Active)

Maine Listings #903582

$285,000
Feb 22, 2007

Expired

Maine Listings #829179

$330,000
Jan 15, 2007

Listed (Active)

Maine Listings #829179

$279,900
Nov 11, 2006

Expired

Maine Listings #794945

$330,000
May 11, 2006

Listed (Active)

Maine Listings #794945

$298,500
Jul 3, 2005

Expired

Maine Listings #731100

$255,000
Jan 2, 2005

Listed (Active)

Maine Listings #731100

$255,000
Sep 28, 2004

Sold

Maine Listings #708999

$189,000
Jul 30, 2004

Pending

Maine Listings #708999

Jul 30, 2004

Active Under Contract

Maine Listings #708999

Jun 14, 2004

Listed (Active)

Maine Listings #708999

$189,900
Jun 11, 2004

Expired

Maine Listings #704309

$189,000
May 11, 2004

Listed (Active)

Maine Listings #704309

$189,000
Apr 1, 2004

Expired

Maine Listings #676955

$195,000
Mar 8, 2004

Listed (Active)

Maine Listings #676955

$195,000
Jan 18, 2004

Expired

Maine Listings #645547

$195,000
Nov 18, 2003

Listed (Active)

Maine Listings #645547

$220,000
Oct 16, 2002

Expired

Maine Listings #551731

$239,900
Apr 16, 2002

Listed (Active)

Maine Listings #551731

$245,000
DateEvent & SourcePrice
07/08/2025

Listed (Active)

Maine Listings #1635141

$750,000
10/02/2009

Sold

Maine Listings #946837

$145,000
09/24/2009

Pending

Maine Listings #946837

09/24/2009

Active Under Contract

Maine Listings #946837

08/18/2009

Listed (Active)

Maine Listings #946837

$155,000
07/24/2009

Expired

Maine Listings #903582

$199,888
07/24/2008

Listed (Active)

Maine Listings #903582

$285,000
02/22/2007

Expired

Maine Listings #829179

$330,000
01/15/2007

Listed (Active)

Maine Listings #829179

$279,900
11/11/2006

Expired

Maine Listings #794945

$330,000
05/11/2006

Listed (Active)

Maine Listings #794945

$298,500
07/03/2005

Expired

Maine Listings #731100

$255,000
01/02/2005

Listed (Active)

Maine Listings #731100

$255,000
09/28/2004

Sold

Maine Listings #708999

$189,000
07/30/2004

Pending

Maine Listings #708999

07/30/2004

Active Under Contract

Maine Listings #708999

06/14/2004

Listed (Active)

Maine Listings #708999

$189,900
06/11/2004

Expired

Maine Listings #704309

$189,000
05/11/2004

Listed (Active)

Maine Listings #704309

$189,000
04/01/2004

Expired

Maine Listings #676955

$195,000
03/08/2004

Listed (Active)

Maine Listings #676955

$195,000
01/18/2004

Expired

Maine Listings #645547

$195,000
11/18/2003

Listed (Active)

Maine Listings #645547

$220,000
10/16/2002

Expired

Maine Listings #551731

$239,900
04/16/2002

Listed (Active)

Maine Listings #551731

$245,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25 Main Street

Taxable ValueLand$147,000Additions$304,400Total$451,400
Tax Record2025$4,370 ($364 / month)
Home Facts
Beds2Baths2Total Finished SqFt2,592 SqFtAbove Grade Finished SqFt2,592 SqFtStories2Lot Size47,045 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated2015ZoningVILLAGCountyCUMBERLANDAPNGRAY M:035 B:402 L:058-000

Schools near 25 Main Street

This home is within Regional School Unit 15 Msad 15.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Russell School
PublicK to 2

Gray-New Gloucester Middle School
Public5 to 8

Gray-New Gloucester High School
Public9 to 12

Burchard A Dunn School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

25 Main Street is a multi-family home for sale in Gray, ME 04039. This property was listed for sale on July 8, 2025 by Elevate Maine Realty, it's currently listed at $750,000. It has been on the market for a total of 125 days and was last sold on October 2, 2009. This listing's school district is Regional School Unit 15 Msad 15. Nearby schools include Russell School, Gray-New Gloucester Middle School and Gray-New Gloucester High School. 25 Main Street is a 2-bed, 2-bath, 3,696 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Elevate Maine Realty

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.