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Skowhegan Multifamily Investment Opportunity

164 Madison Avenue, Skowhegan, ME 04976

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For Sale

$1,900,000

COMMERCIAL - Skowhegan, ME

Property size:

17,870 SF

Lot size:

1.46 Acres

Price / SF:

$106/SF

HighLights

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.
Attractive, well‑landscaped grounds and lake waterfront features.

We can help!

Contact an agent

Aaron Bolster

For Sale

$1,900,000

COMMERCIAL - Skowhegan, ME

Property size:

17,870 SF

Lot size:

1.46 Acres

Price / SF:

$106/SF

Added:: May 21, 2026
Days on Market:: 39
Last Refresh:: Jun 28 at 2:06 am

Property Features for 164 Madison Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Residential
Rooms: Basement
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: 2024
Tax Annual Amount: 19488

Utilities

Sewer type: Public Sewer
Heating system: Oil, Other (Heating), Heat Pump (Heating), Hot Water(Heating), Radiant, Baseboard
Cooling system: Heat Pump, Central Air
Water source: Public
Water front features: Lake
Water front: 1

Building Details

Year built: 1880
Flooring type: Vinyl, Laminate, Carpet, Hardwood
Building materials: Wood Frame, Brick, Vinyl Siding
Roof type: Metal
Additional Structures: Storage

We can help!

Contact an agent

Aaron Bolster

Listing agent Aaron Bolster

Listing office Allied Realty 187 Madison Avenue, Suite 1, Skowhegan, ME

Listing date May 21, 2026

MLS# 1658792

HighLights

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.
Attractive, well‑landscaped grounds and lake waterfront features.

Overview

This offering presents an opportunity to expand your real estate portfolio with the acquisition of two properties located in Skowhegan. The sale includes 164 Madison Avenue and 9 Walton Court, which together comprise 15 units. The properties feature well-maintained landscaping and grounds. One building contains 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 configuration is suitable for owner occupancy with an attached in-law suite or for generating additional income from both units. The second building is a 13-unit structure encompassing 12,553 square feet. The seller has completed many renovations to this building over time. The total property size is 17,870 square feet, situated on a 1.46-acre lot. The property is zoned for residential use.

Property Profile Location Intelligence

Current Use by Public Records

Graf Plumbing & Heating Plumbing Service Walton Court Apartment Complex

Suggested Use

Location Insight

Map
Local Demand

City: Skowhegan
County: Somerset
State: Maine
Longitude: -69.7230327
Latitude: 44.7725921

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For sale
Apartment buildings
ME
Skowhegan
04976
164 Madison Avenue

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: 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.

164 Madison Avenue, Skowhegan, ME 04976

COMMERCIAL - Skowhegan, ME

Property Features for 164 Madison Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Level Commercial Flex Building

Three-Story Self Storage Facility

Multifamily Investment Opportunity in Skowhegan

Commercial Building in Skowhegan, Maine

Mobile Home & RV Park

Established Tavern with Rental Income

Established Tavern with Apartment

Skowhegan Multifamily Investment Opportunity

Skowhegan Multifamily Investment Opportunity

Multi-Story Storage and Warehouse Building

Maine 8-Park Portfolio Opportunity

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