272 Portland Rd

Beds
7,415 Sq. Ft.
$192 / Sq. Ft.
7,415
Sq. Ft.
$192
per Sq. Ft.

Description

Great cash flow at a 9 Cap with very low vacancy. Busy Bee Cabins in Gray consists of 11 Cabins, 2 single wide trailers, 1 triplex, and the Main house with owner or manager quarters and 2 additional apartments. Seller built a 2 story barn/garage which is 40x60 with 2400s/f on 1st floor and 1200s/f of storage space on 2nd floor which can be finished. The 1st floor ceiling is 15' with an 12x13.6 overhead door, radiant heat, epoxy floors, 3/4 bath. Current manager would stay on for new owners.Great cash flow at a 9 Cap with very low vacancy. Busy Bee Cabins in Gray consists of 11 Cabins, 2 single wide trailers, 1 triplex, and the Main house with owner or manager quarters and 2 additional apartments. Seller built a 2 story barn/garage which is 40x60 with 2400s/f on 1st floor and 1200s/f of storage space on 2nd floor which can be finished. The 1st floor ceiling is 15' with an 12x13.6 overhead door, radiant heat, epoxy floors, 3/4 bath. Current manager would stay on for new owners.
  1. Listed by Edward Herczeg • Bean Group
    P: (207)-774-4224 frontdesk@beangroup.com

Property Details for 272 Portland Road

Architectural Style
Other, Cottage, Camp, Farmhouse
Style
Camp, Cottage, Farmhouse, Other
View
Trees/Woods
Has Waterfront
No
Zoning
Commercial, Res, Ag
LISTING CLOSED: 10/29/2021 12:00 AM

Property Details for 272 Portland Road

StatusClosed
MLS #1488660
Days on Market38
Taxes$11,909 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1950
Lot Size7.50 AC / 326,700 SF
CountyCumberland County

Location

Listing Courtesy of Bean Group

Sold By Signature Homes Real Estate Group, LLC

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Building Information for 272 Portland Road

Stories-Residences19Year Built1950Building Size-Lot Size7.50 AC / 326,700 SF

Payment Calculator

$8,093 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,101

Property Taxes

$992

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 272 Portland Road

Summary
Location and General Information
  • Water View: No
  • Location: Near Turnpike/Interstate, Near Town
  • Page: 78
  • Directions: From Portland/Falmouth take Portland Road - Route 100 North, toward Gray.
  • Latitude: 43.844548
  • Longitude: -$70.32
Taxes and HOA
  • Association: No
  • Parcel Number: GRAY-000069-000041-000001
  • Tax Lot: 001
  • Tax Block: 041
  • Tax Book Number: 26466
  • Tax Map Number: 069
  • Tax Year: 2020
  • Tax Annual Amount: $11,909.00
Parking
  • Parking Features: Storage Above, Heated, 21+ Spaces, Gravel, Other, Reclaimed, Common, Detached
  • Parking: 21+ Spaces
  • Vehicle Storage: Detached, Heated, Storage Above
  • Has Attached Garage: No
  • Garage Spaces: 4060.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Level, Wooded, Near Turnpike/Interstate, Near Town
  • Lot Size Acres: 7.5
  • Lot Size Area: 7.5
  • Lot Size Source: Survey
  • Lot Size Square Feet: 326700.0
  • Lot Size Units: Acres
  • Roads: Gravel, Private Road, Dirt
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Dirt
  • SqFt Source: Public Records
  • Site: Level, Wooded
Property and Assessments
  • Above Grade Finished Area: 7415.0
  • Building Area Total: 7415.0
  • Property Type: Multi-Family
  • Deed/Conveyance Type Offered: Warranty
  • Surveyed: Yes
  • Restrictions: No Cats Allowed, No Dogs Allowed
  • Construction: Wood Frame
  • Year Built: 1950
Building Features
  • Foundation Details: Concrete Perimeter, Slab
  • Foundation Materials: Poured Concrete, Slab
  • Construction Materials: Other Exterior, Wood Frame
Financial Information
  • List Price/SqFt: $209.04
Utilities
  • Heat Fuel: K-1/Kerosene, Propane
  • Electric: Circuit Breakers
  • Gas: Bottled
  • Sewer: Private Sewer
  • Water Source: Private
  • Water Heater: Electric, Off Heating System
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Other Exterior
  • Roof: Other, Rolled/Hot Mop, Shingle
  • Driveway: Common, Gravel, Other, Reclaimed
Interior Features
  • Bathrooms Full: 19
  • Bathrooms Half: 1
  • Bathrooms Total Decimal: 19.5
  • Bathrooms Total Integer: 20
  • Basement: Bulkhead
  • Basement: Slab
  • Cooling: Wall/Window Unit(s), Other
  • Has Cooling: Yes
  • Heating: Direct Vent Heater, Baseboard
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Other, Laminate
Multi Family
Multi Family Information
  • # of 1 BD Units: 18
  • # of 2 BD Units: 1
  • Number Of Units Total: 19
Income & Expenses
  • Gross Income: $225,923.00
  • Operating Expense: $79,522.00
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed
Tenant Information
  • Occupant Type: Yes

Property History for 272 Portland Road

DateEvent & SourcePriceAppreciation
Oct 29, 2021

Sold

Maine Listings #1488660

$1,425,000
Jun 25, 2021

Pending

Maine Listings #1488660

Apr 19, 2021

Listed (Active)

Maine Listings #1488660

$1,550,000
DateEvent & SourcePrice
10/29/2021

Sold

Maine Listings #1488660

$1,425,000
06/25/2021

Pending

Maine Listings #1488660

04/19/2021

Listed (Active)

Maine Listings #1488660

$1,550,000

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

Public Records for 272 Portland Road

Taxable ValueLand$336,000Additions$1,016,700Total$1,352,700
Tax Record2025$13,094 ($1,091 / month)
Home Facts
Baths3Total Finished SqFt7,173 SqFtAbove Grade Finished SqFt7,173 SqFtStories2Lot Size174,240 SqFtStyleOffice BuildingYear Built1900Year Renovated1980ZoningRURALCountyCUMBERLANDAPNGRAY M:069 B:041 L:001-000Fireplace TypeHas Fireplace

Schools near 272 Portland Road

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bean Group

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.