Back on the market to no fault of its own! This property has already been appraised, and it is listed below appraised value.
Have you been looking for an amazing investment opportunity? Or maybe live in one unit and have your tenant pay most of your mortgage? If so, this great property could be the one you have been looking for. Both units are spacious 2 bedroom units and will be vacant at closing. There is also a nice two car garage with storage above for potential extra income. Outside on your very large intown lot, you will notice plenty of yard space for outdoor activities which you or your tenants will love. Located in a prime location in between the school and Hannaford and walking distance to downtown and the Kennebec River for boating, swimming, and fishing. Only 15 minutes to Skowhegan and 30 minutes to Waterville and Farmington.
Closed
$168,000
221 Main Street, Madison, ME 04950
4beds
1,855sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$91/sqft
$2,076 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,076/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$2,076/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$2,076/mo
Rent Zestimate®
Refinance and save
$1,127/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$1,127/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: June 10, 2025 at 11:24am
Listed by:
Real Broker
Bought with:
Real Broker
Source: Maine Listings,MLS#: 1592682
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub
- Flooring: Carpet, Other, Wood
- Basement: Interior Entry,Finished
Interior area
- Total structure area: 1,855
- Total interior livable area: 1,855 sqft
- Finished area above ground: 1,855
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 5 - 10 Spaces, On Site, Garage Door Opener, Storage
- Attached garage spaces: 2
Features
- Levels: Multi/Split
Lot
- Size: 0.50 Acres
- Features: City Lot, Near Shopping, Level, Open Lot, Sidewalks, Landscaped
Details
- Parcel number: MADNM020L096
- Zoning: Per the town
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Farmhouse,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Roof: Shingle
Condition
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2024 | Sold | $168,000$91/sqft |
Source:  Maine Listings #1592682 Report a problem | ||
| 10/18/2024 | Contingent | $168,000$91/sqft |
Source: Maine Listings #1592682 Report a problem | ||
| 10/7/2024 | Price change | $168,000-1.2%$91/sqft |
Source: Maine Listings #1592682 Report a problem | ||
| 9/25/2024 | Price change | $170,000-2.9%$92/sqft |
Source: Maine Listings #1592682 Report a problem | ||
| 9/5/2024 | Listed for sale | $175,000$94/sqft |
Source: Maine Listings #1592682 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,302 +11.5% | $143,000 +15.7% |
| 2023 | $2,064 +6% | $123,600 +17.9% |
| 2022 | $1,948 -0.2% | $104,800 +4.3% |
Find assessor info on the county website
Neighborhood: 04950
Nearby schools
GreatSchools rating
- 4/10Madison Junior High SchoolGrades: 5-8Distance: 0.1 mi
- 3/10Madison Area Memorial High SchoolGrades: 9-12Distance: 1.3 mi
- 2/10Madison Elementary SchoolGrades: PK-4Distance: 0.8 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Maine
- Somerset County
- Madison
- 04950
- 221 Main Street