Bought with Keller Williams Realty
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152 Main ST Madison, ME 04950
SOLD DATE : 10/21/2025Want to know what your home might be worth? Contact us for a FREE valuation!

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Key Details
Sold Price $173,000
Property Type Multi-Family
Listing Status Sold
Square Footage 2,112 sqft
MLS Listing ID 1636284
Sold Date 10/21/25
Style Colonial
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,112
Year Built 1940
Annual Tax Amount $1,378
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Source Maine Listings
Land Area 2112
Property Description
13007 - PRIME Investment Opportunity in Madison! Here's your chance to scoop up a 3-unit multi-family property sitting right on Main Street—where tenants (or you!) can walk to shops, restaurants, schools, and the park. Talk about LOCATION, LOCATION, LOCATION! This gem sits on an oversized lot with a shared driveway and comes with long-term tenants in all 3 units and a solid rental history. inside you'll find a spacious 2 bed / 1 bath unit, and two 1 bed / 1 bath unit. With all units currently rented and a historically low vacancy rate, you've got steady income right out of the gate! Want to live here yourself? No problem! With no long-term leases in place, you've got the flexibility to move in and make it your own. The property already has strong bones—half the roof was replaced after the 2023 ''Grinch Storm,'' and while the other half may need updating soon, the potential here is HUGE. A little paint and TLC will go a long way in boosting value. Opportunities like this don't pop up every day. Whether you're looking to expand your portfolio or get started in real estate investing, this property checks all the boxes. Don't wait—this Madison multi-unit won't last long!
Location
State ME
County Somerset
Zoning None
Rooms
Basement Interior, Full, Bulkhead, Unfinished
Interior
Heating Hot Water, Baseboard
Cooling None
Flooring Wood, Laminate, Carpet
Exterior
Parking Features 5 - 10 Spaces, Paved, Common
View Y/N No
Roof Type Metal
Street Surface Paved
Garage No
Building
Lot Description Open, Level, Sidewalks, Intown, Near Shopping
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Colonial
Structure Type Metal Clad,Wood Frame
Others
Energy Description Oil
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