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152 Main Street, 
Madison, ME 04950

$195,000


Bed


3

Baths


2,112

Sq Ft


Multi-Family

Pending

Listed by

Chelsea Vangorden

Allied Realty

Last updated:

September 23, 2025, 03:45 PM

MLS#

1636284

Source:

ME MREIS

About This Home

152 Main Street

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!

Home Facts

Multi-Family

3 Baths

Built in 1940

Price Summary

195,000

$92 per Sq. Ft.

MLS #:

1636284

Last Updated:

September 23, 2025, 03:45 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,112 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

2,112 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

9,147


Finances & Disclosures

Finances

Price:

$195,000

Price per Sq. Ft:

$92 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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