272 Portland Road

Closed 10/29/21
Closed 10/29/21
Busy Bee Cabins 1
Busy Bee Cabins 2
Busy Bee Cabins 5
Busy Bee 5
Cabin
Cabin
Cabin
Cabin
Cabin
Cabin
Apartment
Apartment
Apartment
Garage
Garage
Garage
Garage
Main House
Main House
Main House
Main House
Yard
Main House
Main House
Busy Bee Trailers
Busy Bee Cabins 4
Sold
Last Sold Price
$1,425,000
7,415 sqft$192/sqft
272 Portland Rd, Gray, ME 04039
Multi FamilyProperty Type
7.5 acresLot Size
1950Year Built
$192/sq ftPrice per sq ft
4060 carsParking Spaces

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.
  • Listed by: Edward Herczeg 207.774.4224 frontdesk@beangroup.com • Bean Group
Listing closed: 10/29/2021 12:00 AM • Source: Maine Listings, MLS#: 1488660

Recent comparable sales

Median sold price

$615,000

Avg days on market

4

Sale-to-list ratio

107.5%

Gray, ME

9 comparable properties found

$460,000 | 253 Portland Road, Gray, ME 04039
1/2
1

$460,000

Sold 01/22/26

Unavailable
Bedrooms
1,680
Square Feet
1.84
Acres

253 Portland Road, Gray, ME 04039

$306,000 | 12 Karen Drive, Gray, ME 04039
1/23
2

$306,000

Sold 12/05/25

Unavailable
Bedrooms
1,976
Square Feet
4.23
Acres

12 Karen Drive, Gray, ME 04039

$620,000 | 111 Lawrence Road, Gray, ME 04039
1/45
3

$620,000

Sold 04/30/25

Unavailable
Bedrooms
3,824
Square Feet
2
Acres

111 Lawrence Road, Gray, ME 04039

4

$1,100,000

Sold 07/08/25

Unavailable
Bedrooms
20
Bathrooms
10,300
Square Feet
1.14
Acres

111 Roseview Drive, Gray, TN 37615

$555,225 | 25 Abbey Lane, Gray, ME 04039
1/54
5

$555,225

Sold 06/09/25

Unavailable
Bedrooms
1,848
Square Feet
1.84
Acres

25 Abbey Lane, Gray, ME 04039

$615,000 | 242 West Gray Road, Gray, ME 04039
1/64
6

$615,000

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Unavailable
Bedrooms
1,760
Square Feet
1.87
Acres

242 West Gray Road, Gray, ME 04039

$649,500 | 9 Brown Street, Gray, ME 04039
1/76
7

$649,500

Sold 06/17/26

Unavailable
Bedrooms
2,928
Square Feet
0.2
Acres

9 Brown Street, Gray, ME 04039

8

$1,507,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
1.86
Acres

5026 Bobby Hicks Highway, Gray, TN 37615

$175,000 | Lot 14 Aerie Drive, Gray, ME 04039
1/10
9

$175,000

Sold 05/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
10.19
Acres

Lot 14 Aerie Drive, Gray, ME 04039

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Property Information for 272 Portland Road

Property Details
  • Taxes: $11,909 / year
  • MLS Type: Multi-Family
  • County: Cumberland County
  • Architectural Style: Other, Cottage, Camp, Farmhouse
  • Style: Camp, Cottage, Farmhouse, Other
  • View: Trees/Woods
  • Has Waterfront: No
  • Zoning: Commercial, Res, Ag
Building Information
  • Residences: 19
  • Year Built: 1950
  • Lot Size: 7.50 AC / 326,700 SF
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:001-000

Schools near 272 Portland Road

This home is within Regional School Unit 15 Msad 15.
Rating
School
Type
Grades
Distance
Russell School
Public - K to 2
Gray-New Gloucester Middle School
Public - 5 to 8
Gray-New Gloucester High School
Public - 9 to 12
Burchard A Dunn School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 272 Portland Road, Gray, ME 04039
$1,425,000
–
7,415
326,700
272 Portland Road, Unit 272, Gray, ME 04039
–
–
–
–
–
26-acres Portland Road, Gray, ME 04039
$385,000
–
–
–
1,132,560
268 Portland Road, Gray, ME 04039
$365,027
4
1,700
74,052
297 Portland Road, Gray, ME 04039
$229,000
4
1,708
43,560
264 Portland Road, Gray, ME 04039
–
–
3.5
3,116
73,616

Explore Nearby Homes

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.