240 Main St Madawaska, ME 04756
Estimated payment $1,218/month
Highlights
- 0.82 Acre Lot
- Corner Lot
- Screened Porch
- Attic
- No HOA
- 2 Car Detached Garage
About This Home
Unique Investment Opportunity - Income-Generating Property
with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space—all in one!
Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy
maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental
Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property
managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business +
rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work,
and grow!
Listing Agent
Sell Your Home Services Brokerage Phone: 888-219-3009 Listed on: 05/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,943
Year Built
- Built in 1930
Lot Details
- 0.82 Acre Lot
- Corner Lot
Parking
- 2 Car Detached Garage
- Parking Storage or Cabinetry
- Heated Garage
- Common or Shared Parking
- Shared Driveway
Home Design
- Split Level Home
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,845 Sq Ft Home
- 1-Story Property
- Screened Porch
- Attic
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- In-Law or Guest Suite
- 3 Full Bathrooms
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Basement
- Brick Basement
- Interior Basement Entry
Utilities
- Central Air
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Three-Phase Power
- Oil Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 129
- Assessor Parcel Number MADA-000004-000000-000005
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $6,000
- Gross Income $36,000
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 |
|---|---|---|---|---|
| 2022 | $1,943 | $85,400 | $8,900 | $76,500 |
| 2021 | $1,879 | $85,400 | $8,900 | $76,500 |
| 2020 | $1,951 | $85,400 | $8,900 | $76,500 |
| 2019 | $1,981 | $85,400 | $8,900 | $76,500 |
| 2018 | $1,725 | $85,400 | $8,900 | $76,500 |
| 2017 | $1,682 | $85,400 | $8,900 | $76,500 |
| 2016 | $1,597 | $85,400 | $8,900 | $76,500 |
| 2015 | $1,588 | $85,400 | $8,900 | $76,500 |
| 2014 | $1,486 | $85,400 | $8,900 | $76,500 |
| 2013 | $1,529 | $85,400 | $8,900 | $76,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $199,900 | -8.7% | $108 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $219,000 | -15.4% | $119 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $259,000 | -7.5% | $140 / Sq Ft |
| 03/18/2025 03/18/25 | For Sale | $280,000 | -- | $152 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | -- | -- | |
| Not Resolvable | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $105,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $75,000 | Commercial | |
| Previous Owner | $67,200 | Commercial |
Source: Maine Listings
MLS Number: 1616395
APN: MADA-000004-000000-000005
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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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