400 E Main St Madawaska, ME 04756
Madawaska AreaEstimated payment $1,108/month
Highlights
- Corner Lot
- 1 Car Direct Access Garage
- Property is near shops
- No HOA
- Zoned Heating
- Baseboard Heating
About This Home
Also listed as MLS#1677210 & #1679792. A unique and versatile Main Street investment opportunity offering approximately 2,600 square feet across three finished levels, with excellent potential to create a strong multi-family property with multiple income-producing spaces. With its flexible layout, multiple entrances and highly visible location. The upper level features a nicely renovated one-bedroom apartment with an oversized living area, full kitchen, private laundry, and an updated modern bathroom with a custom walk-in tile shower. This comfortable and updated apartment is already well suited for rental income or owner occupancy. The first floor offers an exciting opportunity to create a second residential unit. With a separate entrance, welcoming front area, and four finished rooms, the space already provides a flexible foundation for an additional apartment. With the addition of a full bathroom and the appropriate improvements and approvals, this level could become an excellent second rental unit, creating the potential for two residential units within the property. The lower level adds even more usable finished space and includes a kitchenette and bathroom, offering additional flexibility for storage, recreation, workspace, studio use, or other potential uses. Depending on an investor's vision and applicable approvals, the lower level could further enhance the property's functionality and income potential. The Main Street location also provides an opportunity for a commercial component, making this property appealing to an investor interested in a combination of residential and professional or business use. The first floor could potentially accommodate office or studio space instead of residential use, providing flexibility to adapt the property to the needs of the market. If you're looking to expand an investment portfolio, create a two-unit residential property, live in one unit while generating rental income from another this is the one!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,058
Year Built
- Built in 1926
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
- Lot Has A Rolling Slope
Parking
- 1 Car Direct Access Garage
- Garage Door Opener
- On-Street Parking
- Off-Street Parking
Home Design
- Poured Concrete
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 1 Full Bathroom
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near shops
- City Lot
Utilities
- Cooling Available
- Zoned Heating
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 12
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $8,000
- Gross Income $24,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,595 | $70,100 | $8,900 | $61,200 |
| 2021 | $1,542 | $70,100 | $8,900 | $61,200 |
| 2020 | $1,602 | $70,100 | $8,900 | $61,200 |
| 2019 | $1,626 | $70,100 | $8,900 | $61,200 |
| 2018 | $1,416 | $70,100 | $8,900 | $61,200 |
| 2017 | $1,381 | $70,100 | $8,900 | $61,200 |
| 2016 | $1,311 | $70,100 | $8,900 | $61,200 |
| 2015 | $1,304 | $70,100 | $8,900 | $61,200 |
| 2014 | $1,220 | $70,100 | $8,900 | $61,200 |
| 2013 | $1,255 | $70,100 | $8,900 | $61,200 |
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 |
|---|---|---|---|---|
| 09/08/2026 09/08/26 | For Sale | $169,999 | -- | $65 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Maine Listings
MLS Number: 1679725
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