Courtesy: Allied Realty
207-474-9553
Income Property! Here is a 9 (expandable to 10) family apartment building with many updates already done. Good rental history, and plenty of parking out back. Natural Gas under sidewalk in front of building if that is your preferred method of heating and cooking but with the low cost of Madison Electric, maybe you have more options available. Close walk to shopping. Will need a 24 hour advanced notice to show.
Courtesy: The Maine Real Estate Experience
207-345-2207
Extensively renovated 4-unit multifamily in a quiet, in-town Madison location with strong value-add potential. Since 2018, the owner has redesigned each unit entirely and completed multiple additions, along with full re-insulation of walls, ceilings, and floors and added 2x6 posts for additional structural support in areas of expansion. Distinctive finishes include reclaimed wood accent walls crafted from original materials and reclaimed brick feature walls salvaged during chimney removal. All four units are 1-bedroom layouts, each offering private outdoor space with a balcony or patio. One interior unit remains in progress, and exterior improvements—including remaining siding, staircases, balconies, and railings—present an opportunity for a buyer to complete the final phase and add value. Rear stair components for the second-floor balconies have already been purchased and are ready for installation. The property is not zoned, allowing flexibility for residential or commercial use (buyer to verify). An additional storage structure is included and conveyed as-is. Conveniently located near town amenities while maintaining a quiet neighborhood setting. This property is currently operating successfully as a short-term vacation rental on platforms including Airbnb and Vrbo, providing a strong, established, source of supplemental income for the owner.
Courtesy: Allied Realty
207-474-9553
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.
Madison is located in Maine. Madison, Maine has a population of 4,711. Madison is less family-centric than the surrounding county with 15.58% of the households containing married families with children. The county average for households married with children is 23.54%.
The median household income in Madison, Maine is $44,307. The median household income for the surrounding county is $47,488 compared to the national median of $69,021. The median age of people living in Madison is 50.1 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 43.8 inches per year, with 75.3 inches of snow per year.
