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$185,000
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Property Description
Unique Investment Opportunity - Income-Generating Property with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space-all in one! Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business + rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work, and grow!
Full Property Details
Full Property Details for 240 Main St
General
- Sold For: $185,000
- Taxes: $1,943 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1616395
- Added to Site: 243 day(s) ago
Interior
- Interior Features: In-Law Apartment, 1st Floor Bedroom, Attic, One-Floor Living, Storage
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Other Rooms
- Laundry: Laundry - 1st Floor, Main Level, Washer Hookup
Additional Information
- Equipment: Internet Access Available
Exterior
- Porch/Patio/Deck: Glass Enclosed, Porch, Screened
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Storage Above, Heated, 1 - 4 Spaces, Concrete, Paved, Common, On-Site Parking, Other, Detached
Location
- County: Aroostook
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Other Heating System, Heat Pump, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Utilities On
Structural Information
- Architectural Style: Split Level, Other
- Construction: Vinyl Siding, Wood Frame
- Roof: Shingle
- Building Size: 1845
- Square Feet: 1,845
- Living Area: 1,845 Sq. Ft.
- Finished Total: 1,845 Sq. Ft.
- Finished Above Grnd: 1,845 Sq. Ft.
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.82
- Lot Size (Sq. Ft.): 35,719.2
- Lot Size Source: Seller
- Zoning: Residential
- Lot Description: Other Location, Corner Lot, Sidewalks, Near Shopping, Near Town, Neighborhood, Retail Strip
Financial Considerations
- Tax Amount: $1,943
- Tax Year: 2022
Disclosures and Reports
- Lot Number: 129
Listed by Sell Your Home Services (888) 219-3009
Sold by Big Bear Real Estate Company (207) 764-4600
Get Pre-Approved Today
Schools
Schools serving 240 Main St
School District:Madawaska
| Name | Grades | Distance |
|---|---|---|
Madawaska Elementary School 353 11th Avenue, Madawaska, ME 04756 | PK-6 | 1.3 mi |
Madawaska Middle/High School 135 7th Avenue, Madawaska, ME 04756 | 7-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 240 Main St
Date
Details
Price
Change
Source
11/04/2025
Sold
$185,000
-7.45%
MLS
5/29/2025
Price Reduced
$199,900
-8.72%
MLS
5/22/2025
Price Reduced
$219,000
-15.44%
MLS
4/11/2025
Price Reduced
$259,000
-7.5%
MLS
3/17/2025
Listed
$280,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
240 Main Street, Madawaska, ME 04756 (MLS# 1616395) is a Multi-Family property that was sold at $185,000 on November 04, 2025. Want to learn more about 240 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Madawaska? You can browse all Madawaska real estate or contact a Coldwell Banker agent to request more information.

