Multifamily Investment Opportunity in
164 Madison Avenue Skowhegan, ME 04976
164 Madison Avenue, Skowhegan, ME, 04976
$1,900,000
For Sale
$1,900,000
MULTI_FAMILY - Colonial - Skowhegan, ME
Property Size17,870 SF
Lot Size1.46 Acres
Price / SF$106.32
Days on Market63
Property Features for 164 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 21
- Rooms
- Bathroom 10, Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 15, Bathroom 12, Bathroom 2, Bathroom 19, Bathroom 14, Bathroom 9, Basement, Bathroom 5, Bathroom 11, Bathroom 13, Bathroom 21, Bathroom 4, Bathroom 20, Bathroom 18, Bathroom 1, Bathroom 17, Bathroom 16, Bathroom 8
- Parking features
- Heated
- Security features
- Security System
- Patio and Porch features
- Porch, Deck
- Pets allowed
- No
- Interior features
- Storage
- Basement
- Full, Finished
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- Size
- 17,870 SF
- Lot size
- 1.46 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 17778
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Other (Heating), Radiant, Heat Pump (Heating), Hot Water(Heating), Baseboard
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1880
- Floors in Building
- 3
- Number of units
- 15
- Flooring type
- Carpet, Laminate, Vinyl, Hardwood
- Building materials
- Wood Frame, Brick, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agency
Allied Realty
(207) 474-9553
Listed by
Aaron Bolster
(207) 474-9553
Added: May 21 Updated: Jul 7 at 10:33AM Checked: Jul 22 at 9:06PM
MLS# 1658643
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents an opportunity to expand a real estate portfolio with the acquisition of 164 Madison Avenue and 9 Walton Court, totaling 15 units. The properties are situated on well-landscaped grounds. One building features two units: a large four-bedroom apartment with a four-bay heated garage, and a spacious one-bedroom apartment. The total living space for this structure is 4,417 square feet. This building could serve as an owner-occupied residence with an attached in-law suite or as a source of additional income. The second building is a 12,553-square-foot structure comprising 13 units, with renovations completed by the seller over time. The combined properties are located in Skowhegan, Maine, within Somerset County, and the total lot size is 1.46 acres. The properties are zoned for residential use.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Graf Plumbing & Heating
Plumbing Service
Walton Court
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two buildings totaling 15 units for sale in Skowhegan.
Where is this apartment building located?
The property is located at 164 Madison Avenue Skowhegan, ME.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 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
