$152,000
SOLD JUL 7, 2025

352 St Thomas St Madawaska, ME 04756

-- Bed
7 Baths
4,680 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

46% Below List Price

0 Day on Market

Highlights

  • No HOA
  • Open Lot
  • Carpet
  • Forced Air Heating System

About This Home

As of July 2025

Fantastic Investment Opportunity!
This 7-unit multifamily building offers strong rental income potential and is perfect for investors looking to expand their portfolio. Featuring a mix of spacious units, off-street parking, and a convenient location, this property has room for future growth.

Last Agent to Sell the Property

Mindy Braley

NextHome Discover Listed on: 05/01/2025

NextHome Discover

Last Buyer's Agent

Mindy Braley

NextHome Discover Listed on: 05/01/2025

NextHome Discover

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $896

Year Built

  • Built in 1947

Lot Details

  • 4,792 Sq Ft Lot
  • Open Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7 Full Bathrooms
  • 4,680 Sq Ft Home
  • Multi-Level Property
  • Fireplace Features Blower Fan

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Garage
  • Basement Garage
  • Driveway
  • Assigned Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number MADA-000006-000000-000113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$896

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: head up Legion St and this is the big grey building on the left hand side at the end of the road.
  • Above Grade Finished Sq Ft: 4680.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1947
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 29.81
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 4680.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Heat Fuel:Electric: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 7
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Water Heater:Oil2: Yes
  • Heat System:Blowers: Yes
  • Basement Entry:Exterior Only: Yes
  • Electric:Fuses: Yes
  • Advertising Remarks:Advertising Remarks: Fantastic Investment Opportunity! This 7-unit multifamily building offers strong rental income potential and is perfect for investors looking to expand their portfolio. Featuring a mix of spacious units, off-street parking, and a convenient location, this property has room for future growth.
  • Levels:Multi-Level3: Yes
  • Vehicle Storage Basement: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 7
  • Flooring: Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Sidewalks, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Other Exterior, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Basement, Assigned, 5 - 10 Spaces, Paved, On Site
  • Parking Assigned: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Blowers
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: MADA-000006-000000-000113
  • Zoning: residential

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 896.0
  • Tax Lot: 65
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2025
Closed on
Jul 2, 2025
Sold by
Sodacova Maine Inc
Bought by
Cypress Management Llc
Seller's Agent
Mindy Braley
NextHome Discover
Buyer's Agent
Mindy Braley
NextHome Discover
List Price
$279,000
Sold Price
$152,000
Premium/Discount to List
-$127,000
-45.52%
Views
1
Current Estimated Value
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,000
Avg. Annual Appreciation
-13.66%
Original Mortgage
$458,832
Outstanding Balance
$456,479
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
-$316,479

Purchase Details

Closed on
Jun 25, 2020
Sold by
Deschaine Barbara A and Deschaine Guy D
Bought by
Bonhomme John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2005
Sold by
Lachance Joseph W
Bought by
Deschaine Guy D and Deschaine Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $279,000 --
Warranty Deed $279,000 --
Warranty Deed $279,000 --
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $458,832 New Conventional
Closed $458,832 Construction
Previous Owner $100,000 New Conventional
Previous Owner $104,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2025 07/07/25 Sold $152,000 -45.5% $32 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $279,000 -- $60 / Sq Ft
Source: Maine Listings

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 $2,983 $131,100 $15,100 $116,000
2021 $2,884 $131,100 $15,100 $116,000
2020 $2,996 $131,100 $15,100 $116,000
2019 $3,042 $131,100 $15,100 $116,000
2018 $2,648 $131,100 $15,100 $116,000
2017 $2,583 $131,100 $15,100 $116,000
2016 $2,452 $131,100 $15,100 $116,000
2015 $2,438 $131,100 $15,100 $116,000
2014 $2,281 $131,100 $15,100 $116,000
2013 $2,347 $131,100 $15,100 $116,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1621039

Maine Listings

APN: MADA-000006-000000-000065