45 Madison Ave Madison, ME 04950
Estimated payment $1,718/month
Highlights
- Colonial Architecture
- Main Floor Bedroom
- Corner Lot
- Wood Flooring
- Attic
- No HOA
About This Home
12913 - Prime investment opportunity downtown Madison. This beautifully remodeled 2-unit apartment (2023-2024) is perfect for homeowners or savvy investors! Each unit offers 2-bedrooms 1 bath. The home could be converted to a 4-bedroom residential home if desired. This unit sits on a desirable corner lot with two separate driveways. Recent upgrades include new high efficiency hot water heaters and a new oil-fired burner for worry-free living. Live in one unit and rent the other to offset your mortgage. Build equity and generate rental income. Madison Electric for affordable power. Call for your showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,772
Year Built
- Built in 1925
Lot Details
- 5,663 Sq Ft Lot
- Corner Lot
- Interior Lot
- Level Lot
- Open Lot
Home Design
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,304 Sq Ft Home
- Multi-Level Property
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Electric Water Heater
Additional Features
- Porch
- City Lot
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 135
- Assessor Parcel Number MADN-000019-000000-000135
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 | $2,772 | $172,200 | $16,600 | $155,600 |
| 2023 | $2,051 | $122,800 | $14,100 | $108,700 |
| 2022 | $1,816 | $97,700 | $10,700 | $87,000 |
| 2021 | $1,812 | $93,300 | $10,200 | $83,100 |
| 2020 | $1,898 | $89,300 | $10,200 | $79,100 |
| 2019 | $1,881 | $88,500 | $10,100 | $78,400 |
| 2018 | $1,903 | $88,500 | $10,100 | $78,400 |
| 2017 | $1,903 | $88,500 | $10,100 | $78,400 |
| 2016 | $1,859 | $88,500 | $10,100 | $78,400 |
| 2015 | $1,726 | $88,500 | $10,100 | $78,400 |
| 2014 | $1,726 | $88,500 | $10,100 | $78,400 |
| 2013 | $1,551 | $88,500 | $10,100 | $78,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Price Changed | $279,000 | -2.1% | $121 / Sq Ft |
| 06/23/2025 06/23/25 | For Sale | $285,000 | 0.0% | $124 / Sq Ft |
| 04/10/2025 04/10/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $285,000 | +16.3% | $124 / Sq Ft |
| 06/06/2024 06/06/24 | Sold | $245,000 | -2.0% | $106 / Sq Ft |
| 05/02/2024 05/02/24 | Pending | -- | -- | -- |
| 04/08/2024 04/08/24 | For Sale | $250,000 | 0.0% | $109 / Sq Ft |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- |
| 03/15/2024 03/15/24 | For Sale | $250,000 | +257.1% | $109 / Sq Ft |
| 02/26/2021 02/26/21 | Sold | $70,000 | -17.6% | $28 / Sq Ft |
| 12/24/2020 12/24/20 | Pending | -- | -- | -- |
| 11/25/2020 11/25/20 | For Sale | $85,000 | -- | $34 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $245,000 | None Available | |
| Warranty Deed | $245,000 | None Available | |
| Deed | -- | None Available | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $45,500 | Purchase Money Mortgage | |
| Previous Owner | $70,000 | Commercial | |
| Previous Owner | $19,000 | Commercial |
Source: Maine Listings
MLS Number: 1614162
APN: MADN-000019-000000-000135
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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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