13047 - Well-maintained 2-unit apartment building offering an excellent opportunity for investors or owner-occupants. The first-floor unit features one bedroom, while the upper-level unit offers two bedrooms and is occupied by a long-term tenant of several years. Both units are currently rented, providing immediate income. Property includes a two-car detached garage, an additional storage shed, and a nice yard. Conveniently located close to town, shopping, and local amenities. Solid rental history and desirable location make this a strong income-producing property.
Multi-familyProperty Type
9,583 sq ftLot Size
$86Price/Sq.Ft.
2 garage spacesParking
Listed by Abby Nichols• Allied Realty
Bought with Haylee Wing• Coldwell Banker Plourde Real Estate
Good investment opportunity with two units. One bedroom unit on the first floor, two bedroom unit on the second floor. Laundry area for both units on the first floor with separate entrances. Both have separate heating systems, both have separate parking. Newly updated electrical.
Year
Property tax
Land + Additions
Assessment*
2025
$2,911 (+25.2%)
$31,100 + $172,500
$203,600
2024
$2,325 (+11.4%)
$27,600 + $116,800
$144,400
2023
$2,088 (+9.7%)
$23,400 + $101,600
$125,000
2022
$1,904 (+0.3%)
$18,600 + $83,800
$102,400
2021
$1,899 (−5.0%)
$17,700 + $80,100
$97,800
2020
$1,998 (+1.0%)
$17,700 + $76,300
$94,000
2019
$1,978 (−1.2%)
$17,500 + $75,600
$93,100
2018
$2,002
$17,500 + $75,600
$93,100
2017
$2,002 (+2.4%)
$17,500 + $75,600
$93,100
2016
$1,955 (+7.7%)
$17,500 + $75,600
$93,100
2015
$1,815
$17,500 + $75,600
$93,100
2014
$1,815 (+11.2%)
$17,500 + $75,600
$93,100
2013
$1,632
$17,500 + $75,600
$93,100
Public record
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
—
Sq. Ft.
1,632
Year built
—
Style
Multi-Family (2-4 Unit)
County
Somerset County
APN
511082
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking Information
Has Garage
# of Garage Spaces: 2
Parking Features: Gravel, 5 - 10 Spaces, On Site, Detached
Vehicle Storage: 2 Car, Detached
Interior
Virtual Tour
Bathroom Information
# of Baths (Full): 2
Basement Information
Basement Entry: Doghouse, Interior Entry, Full
Interior Features
Flooring: Carpet, Laminate, Wood
Multi-Unit Information
# of Units Total: 2
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 1
Operating Expense: $12,490
Gross Income: $17,288
Unit 1 Information
# of Baths (Full): 1
# of Bedrooms: 1
# of Rooms: 5
Actual Rent: $850
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Baths (Full): 1
# of Bedrooms: 1
# of Rooms: 3
Actual Rent: $850
Dedicated Electric Meter: No
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Wood Frame, Vinyl Siding
Roof: Metal
Total Building Area (Sq. Ft.): 1,632
Property Information
Year Built: 9999
Above-Grade Finished Area (Sq. Ft.): 1,632
Lot Information
Lot Size (Sq. Ft.): $9,583.20
Lot Size (Acres): 0.22
Lot Size Source: Public Records
Lot Features: Near Town, Level
Zoning: None
Financial
Tax Information
Annual Tax Amount: $2,911.48
Tax Year: 2025
Utilities
Utility Information
Has Heating
Heating: Direct Vent Heater, Forced Air
Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public
Water Heater: Electric
Location
HOA Information
Pets Allowed: No Restrictions
Location Information
Unparsed Address: 8 Preble Avenue, Madison, ME 04950
Directions: Use GPS.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,632
Stories: 2.0
Lot Size: 9,583 square feet
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Somerset County
APN: 511082
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Main Street Middle School
Public 3-6 • Assigned • 0.5mi
Provided by GreatSchools
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
2/10 Heat Factor
7 days above 90° expected this year, 15 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)
26
9
30
9
42
24
53
35
64
45
76
56
81
61
81
54
73
48
61
40
45
31
31
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 29% for direct sun exposure in Madison. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.2 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$173,000 – $209,000
Sell confidently with a local market expert in Madison.