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Two-Unit Duplex with Detached Garage
For Sale
$149,900

8 Preble Ave, Madison, ME 04950

Rented duplex with a one-bedroom lower unit, two-bedroom upper unit, and additional storage improvements.

Property Size1,632 SF
Price / SF$91.85
Days on Market41

Property Features for 8 Preble Ave

General Information

Standard status Active
Size 1,632 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 1 x 1BR, 1 x 2BR
Multifamily Units 2

Amenities

storage shed
yard

Building Details

Year Built 999
Buildings 1
Listing Agency: Allied Realty
Listed By: Abby Nichols
Source: Aroostookrealestate
Added: Jul 21 Changed: Aug 29 Last Checked: Aug 30 at 7:01PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allied Realty

Investment Insights

Based on property information with market context.

This 1,632-square-foot duplex contains two separate apartments with a practical unit mix: one bedroom on the first floor and two bedrooms upstairs. Both units are rented, including an upper-level residence occupied by a tenant who has remained in place for several years.

The property also includes a detached two-car garage, a separate storage shed, and a yard. Located at 8 Preble Ave in Madison, the building is near town, shopping, and local amenities, providing convenient access to everyday services while supporting its residential rental use.

Key Highlights

  • Two‑unit duplex totaling 1,632 square feet
  • One‑bedroom first‑floor apartment and two‑bedroom upper unit
  • Both apartments are currently rented

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Dental Office HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 04950, ME

4,726
Population
2,755
Households
1.7
Avg Household Size
46
Median Age
15%
College-Educated
95%
High-School Grad
51.9 sq mi
ZIP Area
91
Density / Sq Mi
$48,750
Median Household Income
$43,668
Median Earnings
$892
Median Rent
$154,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Rented duplex with a one-bedroom lower unit, two-bedroom upper unit, and additional storage improvements.
Where is this duplex located?
The property is located at 8 Preble Ave Madison, ME.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,632 square feet; One‑bedroom first‑floor apartment and two‑bedroom upper unit; Both apartments are currently rented
More about this property
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