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    Multifamily Investment Opportunity in Skowhegan
    Updated: May 21
    Multifamily Investment Opportunity in Skowhegan

    164 Madison Avenue, Skowhegan, ME 04976

    $1,900,000
    17,870 sqft 1.46 AC lot
    Two‑building multifamily package totaling 15 units for sale: 164 Madison Avenue and 9 Walton Court
    Second building features 13 units (12,553 sqft) with “many renovations” reported over the seller’s tenure
    Includes a 4,417 sqft structure with 2 units: a large 4‑bedroom plus a spacious 1‑bedroom apartment
    4‑bedroom unit includes a 4‑bay heated garage; potential for owner‑occupied use with an in‑law suite attached
    Lake waterfront feature; public water and public sewer
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    Skowhegan Multifamily Investment Opportunity
    Updated: May 21
    Skowhegan Multifamily Investment Opportunity

    164 Madison Avenue, Skowhegan, ME 04976

    $1,900,000
    17,870 sqft 1.46 AC lot
    Portfolio opportunity: Sale includes 15 units across two buildings.
    Potential for owner occupancy with in‑law suite or rental income from both units in the first building (4,417 sqft).
    Second building is a 13‑unit structure (12,553 sqft) with renovations.
    First building includes a large 4‑bedroom unit with a 4‑bay heated garage.
    Multiple heating and cooling systems: Heat Pump, Oil, Baseboard, Hot Water, Radiant, Central Air.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Skowhegan, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Multifamily and Office Property
    Mixed-Use Multifamily and Office Property

    767 River Road, Mexico, ME 04257

    $675,000
    4,740 sqft 1.57 AC lot

    Includes five 1-bedroom units, dedicated office space, and a detached studio on a landscaped 1.57-acre parcel.

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    Mixed-Use Building with Office Space
    Mixed-Use Building with Office Space

    767 River Road, Mexico, ME 04257

    $675,000
    3,726 sqft 1.57 AC lot

    Mixed-use property with five one-bedroom apartments and dedicated office space on 1.57 acres along Route 2.

    View details
    Waterville Multifamily and Commercial Opportunity
    Waterville Multifamily and Commercial Opportunity

    80-88 Elm St, Waterville, ME 04901

    $1,900,000
    9,829 sqft

    Multifamily and commercial property with income potential in Waterville.

    View details
    Waterville Redevelopment Opportunity
    Waterville Redevelopment Opportunity

    30 Chase Ave, Waterville, ME

    $1,500,000
    119,771 sqft 26.00 AC lot

    Redevelopment project with approvals for mixed-use development.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Skowhegan, ME Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Skowhegan, ME on our real estate platform. These investment opportunities span a total of 35,740 square feet of properties for sale, with an estimated market value of $3,800,000.

    Sale prices for two-family homes in Skowhegan, ME start at $1,900,000, averaging $1,900,000, and reaching up to $1,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 10K
    Population Growth (5Y) +3.7%
    Median Household Income $55,245
    College Educated 30.1%

    High-Yield Neighborhoods for Investment

    Identify Skowhegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04976 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.77%
    Property Tax per SF $37.33 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Somerset County

    New Delisted

    Total CRE Inventory on Market (SF)

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