157 South Street, Gorham, ME 04038

Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
157 South Street,Gorham, ME 04038
$550,000
  • 2 Beds
  • 2 Baths
  • 1,568 sq. ft.
  • Single family
  • Active
Listed by:julie radjavitch
Office:real broker
MLS#:1631507
Source:ME_MREIS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$350.77

About this home

The value here is the land and incredible location in the heart of Gorham! Offering 4.80 +/- acres downtown on city water and city sewer. Potential for up to 20 dwelling units according to Urban Residential Zoning with additional potential units under the Development Transfer Overlay District and Affordable Housing Density Bonus depending on Planning Board Review. Residential and other permitted uses allowed. The existing house is a 2 bedroom, 1.5 bath home ready for your desired renovations or could be torn down for a different vision for the land use. Only a half mile to the nearest high school, 0.6 miles to Gorham Center and 0.7 miles to the University of Southern Maine campus. Close to nearby restaurants, groceries, banking and other conveniences! By Appointment Only.

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Home facts

  • Year built:1957
  • Listing ID #:1631507
  • Updated:September 04, 2025 at 01:22 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,568 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1957
  • Building area:1,568 sq. ft.
  • Lot area:4.8 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$350.77
  • Tax amount:$5,082 (2024)
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