157 Madison Ave Skowhegan, ME 04976
Estimated payment $2,565/month
Highlights
- Nearby Water Access
- Main Floor Bedroom
- 1 Car Detached Garage
- Colonial Architecture
- No HOA
- Cooling Available
About This Home
12920 - Madison Avenue properties are rarely for sale; this building is ready for serious consideration for your portfolio. It is a mixed-use property that has many updated capital improvements including new siding and a large, paved parking lot. The front two thirds of the first floor is being used as professional office space for an accounting firm, which is approximately 1,600 sqft. The rear portion of the first floor is a private recently renovated 2-bedroom apartment. The second level is another rent producing unit of another 2 bedrooms. The third story is cold storage at this time; however, one could explore the older apartment (has not been occupied for many years) and see what is needed for code enforcement to deem it a 4th unit. Inquire today for more details!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,913
Year Built
- Built in 1900
Lot Details
- 0.31 Acre Lot
- Level Lot
- Open Lot
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,495 Sq Ft Home
- 3-Story Property
- Laundry on main level
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
Unfinished Basement
- Partial Basement
- Brick Basement
- Interior Basement Entry
- Crawl Space
Outdoor Features
- Nearby Water Access
- River Nearby
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Kerosene
- Heating System Uses Oil
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
- Internet Available
Additional Features
- Level Entry For Accessibility
- City Lot
Listing and Financial Details
- Tax Lot 90
- Assessor Parcel Number SKOW-000029-000000-000090
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $15,531
- Gross Income $46,740
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 | $3,990 | $220,800 | $25,800 | $195,000 |
| 2023 | $3,913 | $220,800 | $25,800 | $195,000 |
| 2022 | $3,860 | $220,800 | $25,800 | $195,000 |
| 2021 | $4,052 | $220,800 | $25,800 | $195,000 |
| 2020 | $3,974 | $220,800 | $25,800 | $195,000 |
| 2019 | $3,807 | $220,800 | $25,800 | $195,000 |
| 2018 | $4,019 | $220,800 | $25,800 | $195,000 |
| 2017 | $4,416 | $220,800 | $25,800 | $195,000 |
| 2016 | $3,865 | $203,000 | $27,200 | $175,800 |
| 2015 | $3,715 | $203,000 | $27,200 | $175,800 |
| 2014 | $3,692 | $215,300 | $27,200 | $188,100 |
| 2013 | $2,201 | $134,200 | $27,200 | $107,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | Price Changed | $424,000 | -1.2% | $121 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $429,000 | 0.0% | $123 / Sq Ft |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- |
| 03/14/2025 03/14/25 | For Sale | $429,000 | -- | $123 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | Commercial | |
| Closed | $450,000 | Commercial | |
| Closed | $150,000 | Commercial | |
| Closed | $228,000 | Commercial |
Source: Maine Listings
MLS Number: 1616180
APN: SKOW-000029-000000-000090
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