Multifamily Investment Opportunity in
164 Madison Avenue, Skowhegan, ME 04976
MULTI_FAMILY - Colonial - Skowhegan, ME
Property size:
17,870 SFLot size:
1.46 AcresPrice / SF:
$120/SF- Added:
- Apr 21, 2026
- Days on Market:
- 23
- Last Refresh:
- May 13 at 10:06 pm
Property Features for 164 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 27
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 17, Bathroom 9, Bathroom 24, Bathroom 11, Bathroom 7, Bathroom 26, Bathroom 25, Bathroom 23, Bathroom 21, Bathroom 6, Bathroom 16, Bathroom 10, Bathroom 13, Bathroom 12, Bathroom 22, Bathroom 20, Bathroom 4, Bathroom 14, Bathroom 1, Bathroom 15, Bathroom 27, Bathroom 8, Bathroom 5, Basement, Bathroom 18, Bathroom 19
- Parking features
- Heated
- Security features
- Security System
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- Storage
- Basement
- Finished, Full
- 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
- Other (Heating), Baseboard, Hot Water(Heating), Heat Pump (Heating), Radiant, Oil
- Cooling system
- Central Air, Heat Pump
- 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
- Hardwood, Laminate, Vinyl, Carpet
- Building materials
- Wood Frame, Brick, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Aaron Bolster (207) 474-9553
Listing office Allied Realty 187 Madison Avenue, Suite 1, Skowhegan, ME (207) 474-9553
Listing date Apr 21, 2026
MLS# 1658643
Listing URL
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.
HighLights
- Portfolio opportunity: 15 total units for sale across two buildings.
- Income potential: Includes a 13‑unit building and a 2‑unit building with rent roll.
- Owner‑occupied potential: The 2‑unit building offers a large 4‑bedroom unit with a 4‑bay heated garage and a 1‑bedroom apartment, suitable for owner occupancy with an in‑law suite.
- Sizeable living space: The 2‑unit building has 4,417 sqft of living space, and the 13‑unit building has 12,553 sqft.
- The 13‑unit building has undergone many renovations.
- Amenities: Includes features like heated parking, deck, accessible elevator, and storage.
Overview
This offering presents an opportunity to expand your 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 4-bedroom apartment with a 4-bay heated garage, and a spacious 1-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 both units could be utilized for rental income. The second building is a 13-unit structure encompassing 12,553 square feet, with renovations completed by the seller over time. The combined properties are zoned residential and located in Skowhegan, Maine, within Somerset County. The lot size is 1.46 acres. The total property size is 17,870 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Graf Plumbing & Heating
Plumbing Service
Walton Court
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Skowhegan
- County
- Somerset
- State
- Maine
- Longitude
- -69.723558
- Latitude
- 44.772516
Nearby Similar for Sale
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 $2,150,000.
What are key features of this property?
This property features: Portfolio opportunity: 15 total units for sale across two buildings.; Income potential: Includes a 13‑unit building and a 2‑unit building with rent roll.; Owner‑occupied potential: The 2‑unit building offers a large 4‑bedroom unit with a 4‑bay heated garage and a 1‑bedroom apartment, suitable for owner occupancy with an in‑law suite.
