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.
Active
$750,000
25 Main Street, Gray, ME 04039
2beds
3,696sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$203/sqft
$-- HOA
What's special
Modern finishesComfortable layoutsPrivate deckRefreshed kitchens and bathsHardwood floorsBright living spaces
- 134 days |
- 228 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: September 03, 2025 at 06:51am
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1635141
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Hardwood
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 3,696
- Total interior livable area: 3,696 sqft
- Finished area above ground: 1,848
- Finished area below ground: 1,848
Property
Parking
- Total spaces: 10
- Parking features: Paved, 5 - 10 Spaces, On Site, Storage
- Garage spaces: 10
Features
- Patio & porch: Deck
Lot
- Size: 1.08 Acres
- Features: Business District, City Lot, Near Golf Course, Near Turnpike/Interstate, Neighborhood, Level, Open Lot
Details
- Parcel number: GRAYM035B402L058000
- Zoning: Village
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Stone, Brick/Mortar
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Gray
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $451,400
- Annual tax amount: $4,379
- Date on market: 8/21/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Listed for sale | $750,000$203/sqft |
Source: | ||
| 8/21/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/17/2025 | Listed for sale | $750,000+15.4%$203/sqft |
Source: Owner Report a problem | ||
| 7/28/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/29/2025 | Listed for sale | $650,000$176/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,379 -16.1% | $451,400 +31.3% |
| 2023 | $5,220 +8.8% | $343,900 |
| 2022 | $4,797 +2.1% | $343,900 +7.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,784/mo
Principal & interest
$2908
Property taxes
$613
Home insurance
$263
Climate risks
Neighborhood: 04039
Nearby schools
GreatSchools rating
- NARussell SchoolGrades: K-2Distance: 0.1 mi
- 5/10Gray-New Gloucester Middle SchoolGrades: 5-8Distance: 1.5 mi
- 5/10Gray-New Gloucester High SchoolGrades: 9-12Distance: 1.4 mi
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