54 Weston Ave Madison, ME 04950
Madison AreaEstimated payment $1,898/month
Highlights
- Wood Flooring
- Victorian Architecture
- No HOA
- Main Floor Bedroom
- Attic
- 2 Car Detached Garage
About This Home
Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,590
Year Built
- Built in 1910
Lot Details
- 10,019 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Garage Door Opener
Home Design
- Victorian Architecture
- Stone Foundation
- Poured Concrete
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Clapboard
Interior Spaces
- 2-Story Property
- Storage
- Washer Hookup
- Attic
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
Outdoor Features
- Enclosed Glass Porch
Location
- Property is near golf course and shops
- City Lot
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Internet Available
Listing and Financial Details
- Tax Lot 147
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $14,731
- Gross Income $40,200
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 |
|---|---|---|---|---|
| 2025 | $5,590 | $390,900 | $31,500 | $359,400 |
| 2024 | $4,365 | $271,100 | $28,000 | $243,100 |
| 2023 | $3,926 | $235,100 | $23,700 | $211,400 |
| 2022 | $3,502 | $188,400 | $18,800 | $169,600 |
| 2021 | $3,494 | $179,900 | $17,900 | $162,000 |
| 2020 | $3,661 | $172,300 | $17,900 | $154,400 |
| 2019 | $3,625 | $170,600 | $17,800 | $152,800 |
| 2018 | $3,668 | $170,600 | $17,800 | $152,800 |
| 2017 | $3,668 | $170,600 | $17,800 | $152,800 |
| 2016 | $3,583 | $170,600 | $17,800 | $152,800 |
| 2015 | $3,327 | $170,600 | $17,800 | $152,800 |
| 2014 | $3,327 | $170,600 | $17,800 | $152,800 |
| 2013 | $2,991 | $170,600 | $17,800 | $152,800 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/15/2026 07/15/26 | For Sale | $265,000 | +76.7% | $57 / Sq Ft | |
| 08/30/2022 08/30/22 | Sold | $150,000 | -12.8% | $38 / Sq Ft | View Prior Sale |
| 07/28/2022 07/28/22 | Pending | -- | -- | -- | |
| 06/28/2022 06/28/22 | For Sale | $172,000 | -- | $43 / 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 |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $126,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Maine Listings
MLS Number: 1672049
APN: MADN-000021-000000-000147
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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