Jeffrey Jolicoeur
EXP Realty
(207) 250-5695
184 Total Sales
1 in Madison
$25,000 Price
152 Main St Madison, ME 04950
Madison AreaEstimated Value: $196,227
Studio
3
Baths
2,112
Sq Ft
$93/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Baseboard Heating
- Wood Flooring
- Property is near shops
- Level Lot
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!
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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
Bedrooms and Bathrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
Location
- Property is near shops
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Oil Water Heater
Listing and Financial Details
- Tax Lot 45
- Assessor Parcel Number MADN-000020-000000-000045
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $15,427
- Gross Income $31,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2025
Closed on
Oct 21, 2025
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,227
Avg. Annual Appreciation
17.53%
Purchase Details
Closed on
Aug 11, 2017
Sold by
Bought by
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
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madison, ME
-
Jeffrey Jolicoeur
-
Mariya Doncheva
Mariya Doncheva
Realty of Maine
(207) 300-6105
178 Total Sales
1 in Madison
$209,900 Price
-
Laura Preston
Laura Preston
NextHome Experience
(207) 492-4095
89 Total Sales
1 in Madison
$214,900 Price
-
Amanda Taylor
Amanda Taylor
Taylor Realty, Inc.
(207) 708-8614
88 Total Sales
9 in Madison
$64K - $475K Price Range
-
Christopher Voynik
Christopher Voynik
Listings Direct
(207) 742-1810
129 Total Sales
2 in Madison
$95K - $150K Price Range
-
Kirk Toth
Kirk Toth
Strategic Real Estate Services
(207) 614-7733
106 Total Sales
4 in Madison
$125K - $235K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $173,000 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $220,000 | ||
| Previous Owner | $220,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,675 | $117,100 | $30,700 | $86,400 |
| 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
C
Seller's Agent in 2025
Chelsea VanGorden
Allied Realty
(207) 313-0933
58 Total Sales
-
Laura Dionne
Buyer's Agent in 2025
Laura Dionne
Keller Williams Realty
(207) 228-3450
126 Total Sales
Map
Source: Maine Listings
MLS Number: 1636284
APN: MADN-000020-000000-000045
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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