152 Main St Madison, ME 04950
Estimated payment $1,149/month
Highlights
- Colonial Architecture
- No HOA
- Level Lot
- Wood Flooring
- Baseboard Heating
About This Home
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!
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $220,000 | New Conventional | |
| Closed | $220,000 | New Conventional |
Source: Maine Listings
MLS Number: 1636284
APN: MADN-000020-000000-000045
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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