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    45 Madison Ave Madison, ME 04950

    For Sale
    $255,000

    MULTI_FAMILY - Colonial - Madison, ME

    Property size:
    2,304 SF
    Lot size:
    0.13 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 45 Madison Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Pets allowed
    No
    Interior features
    1st Floor Bedroom, Attic
    Basement
    Full, Unfinished
    Size
    2,304 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1925
    Number of units
    2
    Flooring type
    Wood, Tile
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Metal
    Architectural style
    Colonial

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

    Listing agent Sylvia Turner (207) 474-9553

    Listing date Nov 12, 2025

    MLS# 1614162 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 in Downtown Madison

    This remodeled 2-unit apartment building in downtown Madison presents a prime investment opportunity. Remodeled between 2023 and 2024, the property is suitable for homeowners or investors. Each unit features 2 bedrooms and 1 bath. The building could be converted into a 4-bedroom residential home. Situated on a corner lot, the property includes two separate driveways. Upgrades include new high-efficiency hot water heaters and a new oil-fired burner. The property allows the owner to live in one unit and rent the other to offset the mortgage, building equity and generating rental income. The property is serviced by Madison Electric.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Somerset
    State
    Maine
    Longitude
    -69.881909
    Latitude
    44.799528

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    FAQs

    What type of property is this?
    Duplex - Remodeled 2-unit apartment, ideal for homeowners or investors.
    Where is this duplex located?
    The property is located at 45 Madison Ave Madison, ME.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - Remodeled 2-unit apartment (2023-2024) ideal for homeowners or investors.; - Potential to convert to a 4-bedroom residential home.; - Desirable corner lot with two separate driveways.
    (207) 474-9553
    Request Owner's contact information
    45 Madison Ave Madison, ME 04950
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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
    45 Madison Ave Madison, ME 04950
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