SOLD OCT 21, 2025

Off market oct 2025 for $173K

—

•

2,112

sq ft

152 Main St, Madison, ME 04950

About this home

13007 - PRIME Investment Opportunity in Madison! Here's your chance to scoop up a 3-unit multi-family property sitting right on Main Street—where tenants (or you!) can walk to shops, restaurants, schools, and the park. Talk about LOCATION, LOCATION, LOCATION! This gem sits on an oversized lot with a shared driveway and comes with long-term tenants in all 3 units and a solid rental history. inside you'll find a spacious 2 bed / 1 bath unit, and two 1 bed / 1 bath unit. With all units currently rented and a historically low vacancy rate, you've got steady income right out of the gate! Want to live here yourself? No problem! With no long-term leases in place, you've got the flexibility to move in and make it your own. The property already has strong bones—half the roof was replaced after the 2023 ''Grinch Storm, '' and while the other half may need updating soon, the potential here is HUGE. A little paint and TLC will go a long way in boosting value. Opportunities like this don't pop up every day. Whether you're looking to expand your portfolio or get started in real estate investing, this property checks all the boxes. Don't wait—this Madison multi-unit won't last long!

Multi-familyProperty Type

1940Year Built

9,147 sq ftLot Size

$82Price/Sq.Ft.

5 spacesParking

Listed by Chelsea VanGorden • Allied Realty

Bought with Laura Dionne • Keller Williams Realty

Redfin checked: a few seconds ago

•Source:MREIS #1636284

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 04950, ME

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.4%

+0.2% MoM

Median sale price

$230K

$15K MoM

Avg. days on market

51d

0 days MoM

Recently sold homes

0 MoM

New listings for sale

$130,000
2 beds1 bath784 sq ft
986 Lakewood Rd, Madison, ME 04950
$158,000
3 beds1 bath1,152 sq ft
134 Weston Ave, Madison, ME 04950
See all

Provided by Redfin

Sale history for 152 Main St

Year

Property tax

Land + Additions

Assessment*

2025

$1,675 (+21.6%)

$30,700 + $86,400

$117,100

2024

$1,378 (+11.7%)

$27,200 + $58,400

$85,600

2023

$1,234 (−11.2%)

$23,100 + $50,800

$73,900

2022

$1,389 (+0.3%)

$18,300 + $56,400

$74,700

2021

$1,385 (−5.1%)

$17,400 + $53,900

$71,300

2020

$1,460 (+0.9%)

$17,400 + $51,300

$68,700

2019

$1,447 (−1.2%)

$17,300 + $50,800

$68,100

2018

$1,464

$17,300 + $50,800

$68,100

2017

$1,464 (−24.3%)

$17,300 + $50,800

$68,100

2016

$1,934 (+7.7%)

$17,300 + $74,800

$92,100

2015

$1,796

$17,300 + $74,800

$92,100

2014

$1,796 (+11.2%)

$17,300 + $74,800

$92,100

2013

$1,615

$17,300 + $74,800

$92,100

Tax history for 152 Main St

Year

Property tax

Land + Additions

Assessment*

2025

$1,675 (+21.6%)

$30,700 + $86,400

$117,100

2024

$1,378 (+11.7%)

$27,200 + $58,400

$85,600

2023

$1,234 (−11.2%)

$23,100 + $50,800

$73,900

2022

$1,389 (+0.3%)

$18,300 + $56,400

$74,700

2021

$1,385 (−5.1%)

$17,400 + $53,900

$71,300

2020

$1,460 (+0.9%)

$17,400 + $51,300

$68,700

2019

$1,447 (−1.2%)

$17,300 + $50,800

$68,100

2018

$1,464

$17,300 + $50,800

$68,100

2017

$1,464 (−24.3%)

$17,300 + $50,800

$68,100

2016

$1,934 (+7.7%)

$17,300 + $74,800

$92,100

2015

$1,796

$17,300 + $74,800

$92,100

2014

$1,796 (+11.2%)

$17,300 + $74,800

$92,100

2013

$1,615

$17,300 + $74,800

$92,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

9,148 Sq. Ft.

Year renovated

—

Sq. Ft.

2,112

Year built

—

Style

Other

County

Somerset County

APN

511475

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Property details

Parking

Parking Information
Parking Features: 5 - 10 Spaces, Paved, Common

Interior

Bathroom Information
# of Baths (Full): 3

Basement Information
Basement Entry: Interior, Full, Bulkhead, Unfinished

Interior Features
Flooring: Wood, Laminate, Carpet

Exterior

Building Information
Construction Materials: Metal Clad, Wood Frame
Foundation Details: Concrete Perimeter
Roof: Metal
Total Building Area (Sq. Ft.): 2,112

Property Information
Year Built: 1940
Above-Grade Finished Area (Sq. Ft.): 2,112

Lot Information
Lot Size (Sq. Ft.): $9,147.60
Lot Size (Acres): 0.21
Lot Size Source: Public Records
Lot Features: Open, Level, Sidewalks, Intown, Near Shopping
Road Surface Type: Paved
Zoning: None

Financial

Tax Information
Annual Tax Amount: $1,378
Tax Year: 2024

Utilities

Utility Information
Has Heating
Heating: Hot Water, Baseboard
Electric: Fuses
Sewer: Public Sewer
Water Source: Public
Water Heater: Oil

Location

Multi-Unit Information
# of Units Total: 3
# of 1 Bedroom Units: 2
# of 2 Bedroom Units: 1
Operating Expense: $15,427.46
Gross Income: $31,800

Unit 1 Information
# of Bedrooms: 1
Actual Rent: $950
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 2
Actual Rent: $950
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 1
Actual Rent: $750
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

HOA Information
Pets Allowed: No Restrictions

Location Information
Unparsed Address: 152 Main Street, Madison, ME 04950
Directions: Use GPS.

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,112
Stories: —
Lot Size: 9,148 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Somerset County
APN: 511475

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Main Street Middle School

Public 3-6 • Assigned • 0.2mi

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° expected this year, 16 days in 30 years

4/10 Wind Factor

10% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Madison, ME • 04950

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Sell confidently with a local market expert in Madison. 3 minutes to get started.

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New listings for sale in 04950

$130,000

2 beds1 bath784 sq ft

986 Lakewood Rd, Madison, ME 04950

$158,000

3 beds1 bath1,152 sq ft

134 Weston Ave, Madison, ME 04950

Home values near 152 Main St

Data from public records.

Address	Redfin Estimate
161 Main Street, Madison, ME 3 Beds \| 2.5 Baths \| 1734 Sq. Ft.	$343,638
160 Main Street, Madison, ME - Beds \| 1.5 Baths \| 2580 Sq. Ft.	$266,788

Address	Redfin Estimate
164 Main Street, Madison, ME 6 Beds \| 3 Baths \| 1346 Sq. Ft.	$336,324
165 Main Street, Madison, ME 4 Beds \| 2 Baths \| 2456 Sq. Ft.	$227,274

Address	Redfin Estimate
162 Main Street, Madison, ME 3 Beds \| 2 Baths \| 1248 Sq. Ft.	$195,380
9 Heald Street, Madison, ME 4 Beds \| 2.5 Baths \| 1768 Sq. Ft.	$223,803

Property information provided by MREIS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 04950, ME

Sale history for 152 Main St

Tax history for 152 Main St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 04950

Home values near 152 Main St

More real estate resources