Madison, ME 04950,152 Main ST
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Madison, ME 04950,152 Main ST
Madison, ME 04950,152 Main ST
Madison, ME 04950,152 Main ST
Madison, ME 04950,152 Main ST
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Listed by Allied Realty
$ 195,000
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Active

152 Main ST Madison, ME 04950

3 Baths

2,112 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 2,112 sqft

MLS Listing ID 1636284

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 3 bed / 1 bath unit, a 2 bed / 1 bath unit, as well as 1 bed / 1 bath. 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 Wood Siding,Wood Frame

Others

Energy Description Oil


Maine MLS (MREIS) IDX
The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500

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152 Main ST