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8 Thomas Street, 
Madison, ME 04950

$380,000


Bed


4

Baths


2,012

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Paloma Fondeur Gomez

Hannah Brann

The Maine Real Estate Experience

Last updated:

February 10, 2026, 11:30 AM

MLS#

1651300

Source:

ME MREIS

About This Home

8 Thomas Street

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.

Home Facts

Multi-Family

4 Baths

Built in 1900

Price Summary

380,000

$188 per Sq. Ft.

MLS #:

1651300

Last Updated:

February 10, 2026, 11:30 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,012 Sq. Ft.


Structure

Structure

Building Area:

2,012 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

21,780


Finances & Disclosures

Finances

Price:

$380,000

Price per Sq. Ft:

$188 per Sq. Ft.

MLS Logo
MREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.