Katie McAllister
McAllister Real Estate
(207) 495-7926
113 Total Sales
1 in Madawaska
$130,000 Price
240 Main St Madawaska, ME 04756
Madawaska AreaEstimated Value: $187,672
Studio
3
Baths
1,845
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- 0.82 Acre Lot
- Corner Lot
- Screened Porch
- Attic
- No HOA
- 2 Car Detached Garage
About This Home
As of November 2025Unique 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!
Last Agent to Sell the Property
Sell Your Home Services Brokerage Phone: 888-219-3009 Listed on: 05/19/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,943
Year Built
- Built in 1930
Lot Details
- 35,719 Sq Ft 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
- Storage
- 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
Location
- Property is near shops
Utilities
- Central Air
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Electricity To Lot Line
- 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
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
May 19, 2025
Closed on
Oct 30, 2025
Sold by
Bought by
Seller's Agent
Daniel Demers
Sell Your Home Services
Buyer's Agent
Dawn Roberts
Big Bear Real Estate Company
List Price
$280,000
Sold Price
$185,000
Premium/Discount to List
-$95,000
-33.93%
Views
28
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
$2,672
Avg. Annual Appreciation
1.86%
Purchase Details
Closed on
Oct 9, 2012
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
$67,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 15, 2011
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Madawaska, ME
-
Katie McAllister
-
Lydia Kieffer-Till
Lydia Kieffer-Till
Kieffer Real Estate
(207) 762-7345
113 Total Sales
2 in Madawaska
$325K - $390K Price Range
-
Richard Theriault
Richard Theriault
Keller Williams Realty
(207) 746-0603
111 Total Sales
1 in Madawaska
$70,000 Price
-
Tim Adler
Tim Adler
RE/MAX County
(207) 762-8837
114 Total Sales
1 in Madawaska
$110,000 Price
-
Jeffrey Mateja
Jeffrey Mateja
Responds QuicklyKeller Williams Realty
(207) 387-7299
724 Total Sales
1 in Madawaska
$130,000 Price
-
Susan Roberts
Susan Roberts
Responds QuicklyRealty of Maine
(207) 605-8239
231 Total Sales
1 in Madawaska
$125,000 Price
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 |
|---|---|---|---|
| $185,000 | -- | ||
| -- | -- | ||
| -- | -- |
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 | $105,000 | ||
| Closed | $75,000 | ||
| Previous Owner | $67,000 | ||
| Closed | $67,200 |
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 |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | Sold | $185,000 | -7.5% | $100 / Sq Ft |
| 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 |
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 |
|---|---|---|---|---|
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Demers
Seller's Agent in 2025
Daniel Demers
Sell Your Home Services
(877) 893-6566
4,352 Total Sales
-
Dawn Roberts
D
Buyer's Agent in 2025
Dawn Roberts
Big Bear Real Estate Company
(207) 554-9241
17 Total Sales
Map
Source: Maine Listings
MLS Number: 1616395
APN: MADA-000004-000000-000005
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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