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About the Listing 3553 - 023411,024788
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
1651300
Year Built
1900
Total Square Footage
2,012
Lot/Acreage
0.5
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances: Tankless Water Heater
- Air Cond: Window Unit(s)
- Heating: Hot Water,Direct Vent Heater
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2012
- Below Ground Sq Ft: 0
- Basement: Interior,Brick/Mortar,Sump Pump,Unfinished
- Other: Walk-in Closets,Attic,Shower,Primary Bedroom w/Bath
- Water: Public
Exterior Details
- Lot Description: Level,Intown,Near Town,Neighborhood
- Garage Capacity: N/A
- Roof: Metal
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Gravel,Off Street
Financial Details
- Tax Amount: $1,103
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
8 Thomas St Madison, ME 04950
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