$46,000
SOLD JAN 23, 2026

111 4th Ave Madawaska, ME 04756

-- Bed
2 Baths
1,296 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

42% Below List Price

76 Days on Market

Highlights

  • View of Trees or Woods
  • Porch
  • Baseboard Heating
  • No HOA
  • Cooling Available

About This Home

As of January 2026

Charming 2-Unit Multifamily in the Heart of Madawaska! This well-maintained 2-unit multifamily property is perfectly situated close to all that Madawaska has to offer—shopping, medical facilities, restaurants, and more! One unit has been extensively remodeled, featuring new flooring, updated interior doors, a fresh bathroom vanity, and a new toilet. The beautiful wood stairway adds character and warmth to the space. The second unit has a long-term tenant in place, providing immediate rental income, while the vacant unit is move-in ready or available to rent for added investment potential. Whether you're looking for an owner-occupied opportunity or a turnkey investment, this property offers flexibility and convenience. Don't miss out—schedule your showing today!

Last Agent to Sell the Property

Mindy Braley

NextHome Discover Listed on: 10/16/2025

NextHome Discover

Last Buyer's Agent

Mindy Braley

NextHome Discover Listed on: 10/16/2025

NextHome Discover

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1931

Home Design

  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,296 Sq Ft Home
  • Laminate Flooring
  • Views of Woods

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Porch
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 125
  • Assessor Parcel Number MADA-000003-000000-000125

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,890
  • Gross Income $11,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,019

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • MLS Status: Closed
  • Directions: Take 4th Ave and the property is on the right hand side.
  • Above Grade Finished Sq Ft: 1296.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1931
  • Contract Information:List PriceSqFt: 61.65
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Flooring: Laminate

Exterior Features

  • View: Trees/Woods
  • Waterfront: No
  • Patio And Porch Features: Porch
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard, Heat Pump, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: MADA-000003-000000-000125
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11440.0
  • Annual Operating Expense: 8890.0

Tax Info

  • Tax Annual Amount: 1019.0
  • Tax Lot: 125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2009
Sold by
Sirois Gerard G
Bought by
Beaulieu Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,200
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2006
Sold by
Sirois Armand E and Sirois Betty J
Bought by
Sirois Gerard G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
6.16%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $23,200 Commercial
Closed $19,200 Commercial
Previous Owner $24,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 Sold $46,000 -42.4% $35 / Sq Ft
12/31/2025 12/31/25 Pending -- -- --
10/16/2025 10/16/25 For Sale $79,900 -- $62 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $1,019 $44,800 $5,400 $39,400
2021 $986 $44,800 $5,400 $39,400
2020 $1,024 $44,800 $5,400 $39,400
2019 $1,039 $44,800 $5,400 $39,400
2018 $905 $44,800 $5,400 $39,400
2017 $883 $44,800 $5,400 $39,400
2016 $838 $44,800 $5,400 $39,400
2015 $833 $44,800 $5,400 $39,400
2014 $780 $44,800 $5,400 $39,400
2013 $802 $44,800 $5,400 $39,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1641025

Maine Listings

APN: MADA-000003-000000-000125