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    24 Locust St Madison, ME 04950

    New
    For Sale
    $305,000

    MULTI_FAMILY - Madison, ME

    Property size:
    2,330 SF
    Lot size:
    0.25 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 24 Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 3, Basement, Bathroom 2, Bathroom 1
    Parking features
    Off Street
    Patio and Porch features
    Deck
    Interior features
    In-Law Apartment, 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
    Fencing
    Fenced
    Basement
    Full, Unfinished
    Size
    2,330 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1953
    Number of units
    2
    Flooring type
    Tile, Carpet, Wood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal
    Additional Structures
    Storage

    Allied Realty, inc. (207) 474-9553 [email protected]

    Listing agent Anna Pines (207) 864-3900

    Listing date Dec 3, 2025

    MLS# 1634687 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Duplex with Income Potential

    This property features a completely remodeled interior from the last year, offering a like-new feel with finishing touches inside and out. It is conveniently situated near town conveniences in a quieter neighborhood. The property includes a large backyard with a fenced-in area, garden space in the front and back, two porches, and a storage shed. The main living space has three bedrooms plus a bonus room, one and a half bathrooms, a kitchen with new appliances, and a dining room that flows into the living room. Additionally, there is a refinished two-bedroom, one-bathroom unit with new appliances. This unit could serve as a rental opportunity, office space, or a place to run a business. The property is located in Madison, ME, on a lot of 0.25 acres. The property size is 2330 square feet. It is zoned residential and located in Somerset County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Somerset
    State
    Maine
    Longitude
    -69.88079
    Latitude
    44.789664

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    FAQs

    What type of property is this?
    Duplex - Completely remodeled duplex with rental income or business potential.
    Where is this duplex located?
    The property is located at 24 Locust St Madison, ME.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: - Completely remodeled interior within the last year.; - Additional refinished 2 bedroom, 1 bathroom unit for rental income or other use.; - Convenient location near town amenities in a quieter neighborhood.
    (207) 864-3900
    Request Owner's contact information
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    Madison, ME 04950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Locust St Madison, ME 04950
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