45 Madison Avenue, Madison, ME 04950
$255,000
Property Type:
Multi-Family
Baths:
2
Square Footage:
2,304
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$255,000
List Date:
6/23/2025
Last Modified:
12/10/2025
Description
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.
Supplements: ********
More Information MLS# 1614162
Location Information
Book: 6141
Leased Land: No
Page: 343
Map: 19
Lot: 135
Zoning Overlay: No
Association: No
Tree Growth Y/N: No
Street #: 45
Street Name: Madison
Street Type: Avenue
County: Somerset
Town: Madison
State/Province: ME
Zip Code: 04950
Zip +4: 1219
Zoning: None
Full Tax Amount $: 2772.42
Tax Year: 2024
Geo Lat: 44.799519
Geo Lon: -69.881901
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 2
Deed/Conveyance Type Offered: Warranty
Deed: All
Lot Size Acres +/-: 0.13
Total Baths: 2
Total Half Baths: 0
Color: Grey
Road Frontage: Yes
Road Frontage +/-: 154
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 2304
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 2
Year Built: 1925
SqFt Finished Total: 2304
Source of Acreage: Public Records
Levels
Multi-Level: 1
Site
Corner Lot: 1
Level: 1
Open: 1
Location
Interior Lot: 1
Intown: 1
Near Shopping: 1
Roads
Paved: 1
Water Info
Water Frontage: No
Water View: No
Style
Colonial: 1
Other: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Poured Concrete: 1
Exterior
Vinyl Siding: 1
Roof
Metal: 1
Heat System
Baseboard: 1
Hot Water: 1
Heat Fuel
Oil: 1
Income & Expenses
Gross Income: 0
Operating Expenses: 0
Cooling
None: 1
Floors
Tile: 1
Wood: 1
Units
# of 2 BD Units: 2
Parking
1 - 4 Spaces: 1
Off Street: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 0
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Utilities
Utilities On: Yes
Gas
No Gas: 1
Sewer
Public Sewer: 1
Water
Public: 1
Driveway
Paved: 1
Restrictions
No Restrictions: 1
Basement Entry
Interior: 1
Water Heater
Electric: 1
Heat Pump: 1
Tank: 1
Amenities
1st Floor Bedroom: 1
Attic: 1
Laundry - Hookup: 1
Patio and Porch Features
Porch: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 285000
List Price: $255,000
Current Price: $255,000
Property Features
Site: Corner Lot; Level; Open
Location: Interior Lot; Intown; Near Shopping
Roads: Paved
Style: Colonial; Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Foundation Materials: Poured Concrete
Exterior: Vinyl Siding
Roof: Metal
Heat System: Baseboard; Hot Water
Heat Fuel: Oil
Water Heater: Electric; Heat Pump; Tank
Cooling: None
Floors: Tile; Wood
Amenities: 1st Floor Bedroom; Attic; Laundry - Hookup
Patio and Porch Features: Porch
Driveway: Paved
Parking: 1 - 4 Spaces; Off Street
Vehicle Storage: No Vehicle Storage
Restrictions: No Restrictions
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Documents
Property Disclosure Public Access ›
Listing Office:
Allied Realty
IDX
Last Updated: December - 10 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.