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$173,000
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Property Description
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!
Full Property Details
Full Property Details for 152 Main St
General
- Sold For: $173,000
- Taxes: $1,378 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1636284
- Added to Site: 135 day(s) ago
Interior
- Flooring: Wood, Laminate, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Parking
- Parking Features: 5 - 10 Spaces, Paved, Common
Location
- County: Somerset
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Metal Clad, Wood Frame
- Roof: Metal
- Building Size: 2112
- Square Feet: 2,112
- Living Area: 2,112 Sq. Ft.
- Finished Total: 2,112 Sq. Ft.
- Finished Above Grnd: 2,112 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,147.6
- Lot Size Source: Public Records
- Zoning: None
- Lot Description: Open, Level, Sidewalks, Intown, Near Shopping
Financial Considerations
- Tax Amount: $1,378
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 45
Listed by Allied Realty (207) 474-9553
Sold by Keller Williams Realty (207) 879-9800
Get Pre-Approved Today
Schools
Schools serving 152 Main St
School District:School Administrative District 59
| Name | Grades | Distance |
|---|---|---|
Madison Area Memorial High School 486 Main Street, Madison, ME 04950 | 9-12 | 1.5 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 152 Main St
Date
Details
Price
Change
Source
10/21/2025
Sold
$173,000
-11.28%
MLS
9/12/2025
Price Reduced
$195,000
-9.3%
MLS
9/02/2025
Listed
$215,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
152 Main Street, Madison, ME 04950 (MLS# 1636284) is a Multi-Family property that was sold at $173,000 on October 21, 2025. Want to learn more about 152 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

