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  • $173,000

    152 Main Street, Madison, ME 04950

    4beds
    2,112sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $174,600 Zestimate®
    $82/sqft
    $1,490 Estimated rent

    Home value

    $174,600

    Estimated sales range

    Not available

    $1,490/mo

    Zestimate® history
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    $1,160/mo

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    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: October 21, 2025 at 11:27am

    Listed by:

    Allied Realty

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1636284MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Wood
    • Basement: Bulkhead,Interior Entry,Full,Unfinished
    Interior area
    • Total structure area: 2,112
    • Total interior livable area: 2,112 sqft
    • Finished area above ground: 2,112
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Common, Paved, 5 - 10 Spaces
    Lot
    • Size: 9,147 sqft
    • Features: City Lot, Near Shopping, Level, Open Lot, Sidewalks
    Details
    • Parcel number: MADNM020L045
    • Zoning: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Metal Clad
    • Roof: Metal
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Fuses
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Madison

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/21/2025Sold$173,000-11.3%$82/sqft
    Source: Maine Listings #1636284 Report a problem
    9/22/2025Contingent$195,000$92/sqft
    Source: Maine Listings #1636284 Report a problem
    9/12/2025Price change$195,000-9.3%$92/sqft
    Source: Maine Listings #1636284 Report a problem
    9/2/2025Listed for sale$215,000$102/sqft
    Source: Maine Listings #1636284 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,378 +11.7%$85,600 +15.8%
    2023$1,234 -11.2%$73,900 -1.1%
    2022$1,389 +0.3%$74,700 +4.8%

    Find assessor info on the county website

    Neighborhood: 04950

    Nearby schools

    GreatSchools rating
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