389 Gray Rd

2,916 Sq. Ft.
$183 / Sq. Ft.
2,916
Sq. Ft.
$183
per Sq. Ft.

Description

Charming 2-unit property full of classic character, ideally located just minutes from Windham schools, shopping, and local amenities. This multi-family offers a strong rental history with reliable income, making it a great opportunity for both investors and owner-occupants. Each unit features original charm with modern touches and plenty of natural light, while the property provides ample parking and a convenient location for tenants. A rare chance to own a solid income-producing property in a great...Charming 2-unit property full of classic character, ideally located just minutes from Windham schools, shopping, and local amenities. This multi-family offers a strong rental history with reliable income, making it a great opportunity for both investors and owner-occupants. Each unit features original charm with modern touches and plenty of natural light, while the property provides ample parking and a convenient location for tenants. A rare chance to own a solid income-producing property in a great area.
  1. Listed by Jamie Sparta • Portside Real Estate Group

Property Details for 389 Gray Road

Waterfront
No
ArchitecturalStyle
Other, Farmhouse
Garage Spaces
2.00
Garage
Yes
Zoning
Farm
LISTING UPDATED: 03/12/2026 01:03 PM

Property Details for 389 Gray Road

StatusActive
MLS #1654048
Days on Market8
Taxes$5,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1900
Lot Size1.17 AC / 50,965 SF
CountyCumberland County

Location

Listing Courtesy of Portside Real Estate Group
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Building Information for 389 Gray Road

Stories2Residences2Year Built1900Building Size-Lot Size1.17 AC / 50,965 SF

Payment Calculator

$3,091 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,596

Property Taxes

$494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 389 Gray Road

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 4248
  • Directions: GPS Friendly
  • Town: Windham
  • State/Province: ME
  • Zip Code: 04062
  • County: Cumberland
  • Geo Latitude: 43.782294
  • Geo Longitude: -70.413882
  • Tax Lot: 8
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Town: Yes
  • Location:Rural: Yes
  • Location:Suburban: Yes
  • Transportation:Major Road Access: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Detached, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 37032
  • Tax Map Number: 43
  • Tax Year: 2025
  • Parcel Number: WINM-000043-000000-000008
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $5,932.00
  • Restrictions:No Restrictions: Yes
School Information
  • School District: RSU 15/MSAD 15
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Water Heater:Gas: Yes
  • Water Heater:Off Heating System: Yes
  • Water Heater:Tankless: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2916.0
  • Lot Size Acres: 1.17
  • Source of Acreage: Public Records
  • Building Area Total: 2916.0
  • Lot Size Area: 1.17
  • Lot Size Units: Acres
  • Lot Size Square Feet: 50965.2
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 389
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Tan
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Public
  • Other Equipment: Internet Access Available
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:2 Car: Yes
  • Vehicle Storage:Detached: Yes
  • Roof: Fiberglass, Pitched, Shingle
  • Patio and Porch Features:Deck: Yes
Interior Features
  • Basement: Bulkhead, Dirt Floor, Partial, Sump Pump
  • Flooring: Wood, Tile, Laminate
  • Interior Features: 1st Floor Bedroom, Bathtub, Storage
  • Cooling: None
  • Heating: Hot Water, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard
  • Accessibility Features: Level Entry
  • # Floors: 2
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $51,648.00
  • Operating Expenses: $5,820.00
Multi-Family Information
  • Number of Units: 2
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 2
  • Building Info:# Heating Units: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $2,275.00
  • Unit 1:# Full Baths: 2.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 3.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: First
  • Unit 2:Security Deposit: Yes
  • 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: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • 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: 0
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 389 Gray Road

DateEvent & SourcePriceAppreciation
Feb 23, 2026

Listed (Active)

Maine Listings #1654048

$535,000
Aug 10, 2020

Sold

Maine Listings #1457630

$375,000
Jul 10, 2020

Pending

Maine Listings #1457630

Jun 26, 2020

Active Under Contract

Maine Listings #1457630

Jun 22, 2020

Listed (Active)

Maine Listings #1457630

$349,000
Oct 27, 2018

Expired

Maine Listings #1347306

$299,900
Apr 27, 2018

Listed (Active)

Maine Listings #1347306

$299,900
Aug 13, 2015

Sold

Maine Listings #1211484

$230,000
Jun 4, 2015

Pending

Maine Listings #1211484

Jun 4, 2015

Active Under Contract

Maine Listings #1211484

Apr 16, 2015

Listed (Active)

Maine Listings #1211484

$239,900
Mar 26, 2015

Expired

Maine Listings #1155615

$239,900
Sep 26, 2014

Listed (Active)

Maine Listings #1155615

$239,900
Jan 7, 2014

Withdrawn

Maine Listings #1109130

$104,900
Jan 7, 2014

Withdrawn

Maine Listings #1109127

$104,900
Sep 5, 2013

Listed (Active)

Maine Listings #1109130

$109,500
Sep 5, 2013

Listed (Active)

Maine Listings #1109127

$109,500
Jun 28, 2013

Sold

Maine Listings #1092899

$66,500
Jun 6, 2013

Pending

Maine Listings #1092899

Jun 6, 2013

Active Under Contract

Maine Listings #1092899

May 18, 2013

Listed (Active)

Maine Listings #1092899

$66,500
Nov 18, 2011

Expired

Maine Listings #1005498

$129,900
Nov 18, 2011

Expired

Maine Listings #1005494

$129,900
Mar 16, 2011

Listed (Active)

Maine Listings #1005498

$139,000
Mar 16, 2011

Listed (Active)

Maine Listings #1005494

$139,000
Jan 6, 2000

Sold

Maine Listings #279812

$54,000
Dec 7, 1999

Active Under Contract

Maine Listings #279812

Jun 2, 1999

Listed (Active)

Maine Listings #279812

$69,900
DateEvent & SourcePrice
02/23/2026

Listed (Active)

Maine Listings #1654048

$535,000
08/10/2020

Sold

Maine Listings #1457630

$375,000
07/10/2020

Pending

Maine Listings #1457630

06/26/2020

Active Under Contract

Maine Listings #1457630

06/22/2020

Listed (Active)

Maine Listings #1457630

$349,000
10/27/2018

Expired

Maine Listings #1347306

$299,900
04/27/2018

Listed (Active)

Maine Listings #1347306

$299,900
08/13/2015

Sold

Maine Listings #1211484

$230,000
06/04/2015

Pending

Maine Listings #1211484

06/04/2015

Active Under Contract

Maine Listings #1211484

04/16/2015

Listed (Active)

Maine Listings #1211484

$239,900
03/26/2015

Expired

Maine Listings #1155615

$239,900
09/26/2014

Listed (Active)

Maine Listings #1155615

$239,900
01/07/2014

Withdrawn

Maine Listings #1109130

$104,900
01/07/2014

Withdrawn

Maine Listings #1109127

$104,900
09/05/2013

Listed (Active)

Maine Listings #1109130

$109,500
09/05/2013

Listed (Active)

Maine Listings #1109127

$109,500
06/28/2013

Sold

Maine Listings #1092899

$66,500
06/06/2013

Pending

Maine Listings #1092899

06/06/2013

Active Under Contract

Maine Listings #1092899

05/18/2013

Listed (Active)

Maine Listings #1092899

$66,500
11/18/2011

Expired

Maine Listings #1005498

$129,900
11/18/2011

Expired

Maine Listings #1005494

$129,900
03/16/2011

Listed (Active)

Maine Listings #1005498

$139,000
03/16/2011

Listed (Active)

Maine Listings #1005494

$139,000
01/06/2000

Sold

Maine Listings #279812

$54,000
12/07/1999

Active Under Contract

Maine Listings #279812

06/02/1999

Listed (Active)

Maine Listings #279812

$69,900

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

Public Records for 389 Gray Road

Taxable ValueLand$143,400Additions$348,500Total$491,900
Tax Record2025$5,932 ($494 / month)
Home Facts
Baths2Total Finished SqFt2,268 SqFtAbove Grade Finished SqFt2,268 SqFtUnfinished Basement SqFt612 SqFtStories2Lot Size51,314 SqFtStyleDuplexYear Built1900ZoningWCCountyCUMBERLANDAPNWINM M:43 B:8

Schools near 389 Gray Road

This home is within Regional School Unit 14.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Windham Primary School
PublicK to 3

Manchester School
Public4 to 5

Windham Middle School
Public6 to 8

Windham High School
Public9 to 12

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

389 Gray Road is a multi-family home for sale in Windham, ME 04062. This property was listed for sale on February 23, 2026 by Portside Real Estate Group, it's currently listed at $535,000. It has been on the market for a total of 8 days and was last sold on August 10, 2020. This listing's school district is Regional School Unit 14. Nearby schools include Windham Primary School, Manchester School and Windham Middle School. 389 Gray Road is a 5-bed, 3-bath, 2,916 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 Portside Real Estate 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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.