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Sold on 04/30/2026
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389 Gray Rd, Windham, ME 04062

  • $525,000

    Last sold 04/30/2026 after 66 Days

  • 2

    bed

  • 3

    bath

  • 2,916

    Sqft ($180/Sqft)

Multi-family not for sale
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About 389 Gray Rd

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 1.17 Acre
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property 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 area.
Listed by
Listing Agent - Jamie Sparta
Listing Office - Portside Real Estate Group
Source: MREIS mls logo
MLS#1654048 • last updated 1 month ago
Movoto checked MREIS for data 18 minutes ago
Overview
Heating Baseboard, Direct Vent Furnace, Direct Vent Heater, Forced Air, Hot Water
Levels/Style Farmhouse, Other, 2
MLS # 1654048
SqFt 2916
Status Closed
Lot Size (Acres) 1.17
Lot Size (Sqft) 50965.2
Property Tax 5932
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Flooring Laminate, Tile, Wood
Accessibility Features Level Entry
Exterior
Patio/ Porch Deck
Amenities / Utilities
Water Source Public
Location
High School District RSU 15/MSAD 15
Zoning Farm
Multifamily Details
Total # Of Units 2
Operating Expense 5820
Gross Income 51648
$552K
Range: $497K-$607K
Last 30 days 
Rental est.: $7,966/month
Gross rent multiplier: 5.6 - Great
  • May 2026
    mls logo MLS # 1654048
  • May 1, 2026 Sold
    $525,000 (-1.9%)
  • Mar 27, 2026 Pending
    —
  • Mar 25, 2026 Active
    —
  • Mar 12, 2026 Listed
    $535,000
  • Feb 23, 2026 Listed
    $535,000 (+42.7%)
  • Aug 2020
    mls logo MLS # 1457630
  • Aug 10, 2020 Sold
    $375,000 (+7.4%)
  • Jul 10, 2020 Pending
    —
  • Jun 26, 2020 Pending Continue To Show
    —
  • Jun 22, 2020 Listed
    $349,000 (+16.4%)
  • Oct 2018
    mls logo MLS # 1347306
  • Oct 28, 2018 Expired
    —
  • May 14, 2018 Listed
    —
  • May 9, 2018 Pending
    —
  • May 4, 2018 Listed
    $299,900
  • Apr 27, 2018 Listed
    $299,900 (+30.4%)
  • Aug 2015
    mls logo MLS # 1211484
  • Aug 15, 2015 Sold
    $230,000 (-4.1%)
  • Apr 16, 2015 Listed
    $239,900
  • Mar 2015
    mls logo MLS # 1155615
  • Mar 27, 2015 Expired
    —
  • Sep 26, 2014 Listed
    $239,900 (+128.7%)
  • Jan 2014
    mls logo MLS # 1109130
  • Jan 7, 2014 Canceled
    —
  • Sep 5, 2013 Listed
    $104,900
  • Jan 2014
    mls logo MLS # 1109127
  • Jan 7, 2014 Canceled
    —
  • Sep 5, 2013 Listed
    $104,900 (+57.7%)
  • Jun 2013
    mls logo MLS # 1092899
  • Jun 28, 2013 Sold
    $66,500
  • May 18, 2013 Listed
    $66,500 (-48.8%)
  • Nov 2011
    mls logo MLS # 1005498
  • Nov 18, 2011 Expired
    —
  • Mar 16, 2011 Listed
    $129,900
  • Nov 2011
    mls logo MLS # 1005494
  • Nov 18, 2011 Expired
    —
  • Mar 16, 2011 Listed
    $129,900 (+62.6%)
  • Jul 2000
    mls logo MLS # 375845
  • Jul 12, 2000 Expired
    —
  • May 8, 2000 Listed
    $79,900
  • 389 Gray Rd
    $525K
  • —
  • 04062
    $575K +20% y/y
  • Windham
    $546K -2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Windham Primary School
public Grades K-3
Regional School Unit 14
5/10
Manchester School
public Grades 4-5
Regional School Unit 14
3/10
Windham Middle School
public Grades 6-8
Regional School Unit 14
5/10
Windham High School
public Grades 9-12
Regional School Unit 14
Source: GreatSchools.org © 2026. All rights reserved.

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