C
Seller's Agent in 2025
Chelsea VanGorden
Allied Realty
(207) 313-0933
9 in this area
46 Total Sales
152 Main St Madison, ME 04950
--
Bed
3
Baths
2,112
Sq Ft
9,148
Sq Ft Lot
Highlights
- Colonial Architecture
- No HOA
- Level Lot
- Wood Flooring
- Baseboard Heating
About This Home
As of October 202513007 - 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,378
Year Built
- Built in 1940
Lot Details
- 9,148 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- 2,112 Sq Ft Home
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Metal Siding
- Concrete Perimeter Foundation
Flooring
- Wood
- Carpet
- Laminate
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Oil Water Heater
Additional Features
- 3 Full Bathrooms
- City Lot
Listing and Financial Details
- Tax Lot 45
- Assessor Parcel Number MADN-000020-000000-000045
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $15,427
- Gross Income $31,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2025
Closed on
Oct 21, 2025
Sold by
Mckenney Troy and Mckenney Angela
Bought by
Dionne Laura and Dionne Darrin
Seller's Agent
Chelsea VanGorden
Allied Realty
Buyer's Agent
Laura Dionne
Keller Williams Realty
List Price
$215,000
Sold Price
$173,000
Premium/Discount to List
-$42,000
-19.53%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.72%
Original Mortgage
$129,750
Outstanding Balance
$129,629
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$42,371
Purchase Details
Closed on
Aug 11, 2017
Sold by
Weems Virginia L
Bought by
Mckenney Angela and Mckenney Troy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2017
Sold by
Weems Viginia L
Bought by
Mckenney Angela and Mckenney Troy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $173,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $129,750 | Purchase Money Mortgage | |
| Previous Owner | $220,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/21/2025 10/21/25 | Sold | $173,000 | -11.3% | $82 / Sq Ft |
| 09/12/2025 09/12/25 | Price Changed | $195,000 | -9.3% | $92 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $215,000 | -- | $102 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $1,378 | $85,600 | $27,200 | $58,400 |
| 2023 | $1,234 | $73,900 | $23,100 | $50,800 |
| 2022 | $1,389 | $74,700 | $18,300 | $56,400 |
| 2021 | $1,385 | $71,300 | $17,400 | $53,900 |
| 2020 | $1,460 | $68,700 | $17,400 | $51,300 |
| 2019 | $1,447 | $68,100 | $17,300 | $50,800 |
| 2018 | $1,464 | $68,100 | $17,300 | $50,800 |
| 2017 | $1,464 | $68,100 | $17,300 | $50,800 |
| 2016 | $1,934 | $92,100 | $17,300 | $74,800 |
| 2015 | $1,796 | $92,100 | $17,300 | $74,800 |
| 2014 | $1,796 | $92,100 | $17,300 | $74,800 |
| 2013 | $1,615 | $92,100 | $17,300 | $74,800 |
Source: Public Records
Agents Affiliated with this Home
-
Chelsea VanGorden
-
Laura Dionne
Buyer's Agent in 2025
Laura Dionne
Keller Williams Realty
(207) 228-3450
6 in this area
124 Total Sales
Map
Source: Maine Listings
MLS Number: 1636284
APN: MADN-000020-000000-000045
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