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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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164 Main St , Gorham, ME 04038
$1,250,000
Est. Payment: $2,777.78/mo
5 Bed
4 Bath
4515 Sqft
Status: Active | Days on site: 2
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3209 - 015347
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House Description

A rare opportunity to own a spacious home in the heart of Gorham with exceptional flexibility and built-in income potential. The main residence at 164 Main Street offers approximately 3,118 square feet of finished living space over two floors, with 4/5 bedrooms, 2 full baths, and an attached 2-car garage. Thoughtfully maintained by the current owners, who have lived and worked here for approximately 30 years, the home offers generous living space in a convenient location near Gorham's walkable downtown, local businesses, restaurants, services, and area amenities. What truly sets this property apart are the additional spaces that complement the main residence. Above the garage is an approximately 644-square-foot one-bedroom apartment, currently rented, providing an opportunity for supplemental income or potential future use for extended family, guests, or other needs. At the rear of the property is approximately 826 square feet of finished professional office space, also currently leased. The office includes a waiting area, office/exam rooms, storage, a bathroom, ADA access, and dedicated parking, allowing the property to provide additional income without sacrificing the primary residential living space. Currently zoned Office Residential, the property's size and configuration may also offer possibilities for additional development, expanded units, a possible backlot, or other future uses, subject to applicable zoning, municipal approvals, and buyer due diligence. Whether you're looking for a substantial primary residence, additional rental income, space for future flexibility, or a property with longer-term possibilities, 164 Main Street offers a combination that is difficult to find in Gorham.

Highlights

Listed by Christy Arnett , 207-653-3433 Maine Real Estate Experts , 207-642-2100.

Property Type

Residential

Lot/Acreage
0.85

Year Built

1905

County

Cumberland

Listing ID

1680534

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Tankless Water Heater, Cable,Internet Access Available
Air Cond:Heat Pump,Wall Unit(s)
Fireplaces:
Floor:Carpet,Laminate,Wood
Above Ground Sq Ft:4515
Below Ground Sq Ft:0
Basement:Bulkhead,Interior Entry,Walk-Out Access,Brick/Mortar,Unfinished
Other:
  • Additional:Attic, Bathtub, Storage, Walk-In Closet(s), Primary Bedroom w/Bath
Water:Public

Exterior Features

Lot:Intown,Near Shopping,Near Town,Level,Open Lot,Sidewalks,Landscaped,Near Public Transit
Zoning:OR
Roof:Composition,Shingle
Sewer:Public Sewer
Parking Features:Paved,11 - 20 Spaces,On Site,Off Street,Garage Door Opener,Inside Entrance
Principal Interest
$2,778
Taxes
$571

Home Price

$1,250,000

Loan Details

30 yrs
%

Down Payment

20%
$250,000
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Monthly Price:
$2,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,777.78 $570.75 $0.00 $3,348.53
Yearly $33,333.33 $6,849.00 $0.00 $40,182.33
Total $1,000,000.00 $205,470.00 $0.00 $1,205,470.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Gorham, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.