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$255,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 0.13 Acres
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12913 - Prime investment opportunity downtown Madison. This beautifully remodeled 2-unit apartment (2023-2024) is perfect for homeowners or savvy investors! Each unit offers 2-bedrooms 1 bath. The home could be converted to a 4-bedroom residential home if desired. This unit sits on a desirable corner lot with two separate driveways. Recent upgrades include new high efficiency hot water heaters and a new oil-fired burner for worry-free living. Live in one unit and rent the other to offset your mortgage. Build equity and generate rental income. Madison Electric for affordable power. Call for your showing today.

Full Property Details for 45 Madison Ave

General

  • Price: $255,000
  • Taxes: $2,772 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1614162
  • Updated: 11/12/2025
  • Added to Site: 208 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Attic
  • Flooring: Wood, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Other Rooms

  • Laundry: Washer Hookup

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Location

  • County: Somerset

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other, Colonial
  • Construction: Vinyl Siding, Wood Frame
  • Roof: Metal
  • Building Size: 2304
  • Square Feet: 2,304
  • Living Area: 2,304 Sq. Ft.
  • Finished Total: 2,304 Sq. Ft.
  • Finished Above Grnd: 2,304 Sq. Ft.
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,662.8
  • Lot Size Source: Public Records
  • Zoning: None
  • Lot Description: Open, Corner Lot, Level, Interior Lot, Intown, Near Shopping

Financial Considerations

  • Tax Amount: $2,772.42
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 135

Listed by Allied Realty (207) 474-9553

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Listing agent

— 45 Madison Ave —

  • Allied Realty

    207-474-9553

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 45 Madison Ave

School District:School Administrative District 59
NameGradesDistance
Madison Area Memorial High School
486 Main Street, Madison, ME 04950
9-121.7 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 45 Madison Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/12/2025
Price Reduced
$255,000
-1.92%
MLS
10/06/2025
Price Reduced
$260,000
-6.81%
MLS
8/25/2025
Price Reduced
$279,000
-2.11%
MLS
2/10/2025
Listed
$285,000
16.33%
MLS
6/06/2024
Sold
$245,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 45 Madison Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,772
35%
$172,200
40%
2023
$2,051
13%
$122,800
26%
2022
$1,816
—
$97,700
5%
2021
$1,812
-5%
$93,300
4%
2020
$1,898
1%
$89,300
1%
2019
$1,881
-1%
$88,500
—
2018
$1,903
—
$88,500
—
2017
$1,903
2%
$88,500
—
2016
$1,859
8%
$88,500
—
2015
$1,726
—
$88,500
—
2014
$1,726
11%
$88,500
—
2013
$1,551
—
$88,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Allied Realty (207) 474-9553

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45 Madison Avenue, Madison, ME 04950 (MLS# 1614162) is a Multi-Family property with 2 units containing 0 bedrooms and 2 full bathrooms. 45 Madison Avenue is currently listed for $255,000 and was received on June 23, 2025. Want to learn more about 45 Madison Avenue? 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.

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