Condo Investment Properties for Sale in Gorham, ME
Listed for sale 3 days ago
$ 349,900
ROI
22.1
Cash Flow/m
232- 1 Bed
- 1 Bath
- 540 sft
2 Thistle Drive #2, Gorham, ME, 04038
Listed for sale 4 days ago
$ 369,000
ROI
20.8Cash Flow/m
111- 1 Bed
- 1 Bath
- 750 sft
13 Thistle Drive #13, Gorham, ME, 04038
Listed for sale 4 days ago
$ 379,900
ROI
20.2Cash Flow/m
42- 1 Bed
- 1 Bath
- 750 sft
12 Thistle Drive #12, Gorham, ME, 04038
Listed for sale 4 days ago
$ 369,000
ROI
20.8Cash Flow/m
111- 1 Bed
- 1 Bath
- 750 sft
0 Thistle Drive #13, Gorham, ME, 04038
Why Invest in Gorham, Maine?
Gorham, ME condo investments offer steady rental demand from university students and commuters to Portland. Appreciation has averaged 9% annually amid low inventory. Renter-occupied units exceed 30%, supporting reliable cash flow. Cap rates hover around 5-6% with median rents near $1,800. Proximity to Sebago Lake boosts long-term value for investors.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
9.3%
1Y Appreciation
Frequently Asked Questions
Yes, high renter occupancy and university demand ensure steady income. Average yields reach 5-6% with low vacancy. Proximity to Portland adds commuter appeal.
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