Extensively Renovated 4-Unit
8 Thomas Street Madison, ME 04950
8 Thomas Street, Madison, ME, 04950
$380,000
For Sale
$380,000
Four 1-bedroom units offer private balconies or patios, with one interior unit still in progress and exterior work underway.
Property Size2,012 SF
Price / SF$188.87
Days on Market173
Property Features for 8 Thomas Street
General Information
- Standard status
- Active
- Size
- 2,012 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
The Maine Real Estate Experience
(207) 503-2526
Listed by
Paloma Fondeur Gomez
(207) 503-2526
Source
Compass
Added: Jan 30 Updated: Jul 22 at 7:57AM Checked: Jul 22 at 7:57AM
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Investment Insights
Based on property information with market context.
Extensively renovated 4-unit quadplex featuring four separate 1-bedroom layouts, each with private outdoor space in the form of a balcony or patio. Since 2018, the owner redesigned each unit entirely and completed multiple additions, including full re-insulation of walls, ceilings, and floors and added 2x6 posts for added structural support in expansion areas. Interior finishes include reclaimed wood accent walls made from original materials and reclaimed brick feature walls salvaged during chimney removal. One interior unit remains in progress, and exterior improvements—including remaining siding, staircases, balconies, and railings—provide a clear opportunity to complete the final phase. Rear stair components for the second-floor balconies have already been purchased and are ready for installation. An additional storage structure is included and conveyed as-is.
The property is located in-town Madison and has been operating successfully as a short-term vacation rental on platforms including Airbnb and Vrbo, generating established supplemental income.
All four units are configured as 1-bedroom homes with dedicated outdoor space, while the remaining exterior scope and one in-progress interior unit represent the primary items for a buyer to address to finalize the property’s current build-out.
The property is located in-town Madison and has been operating successfully as a short-term vacation rental on platforms including Airbnb and Vrbo, generating established supplemental income.
All four units are configured as 1-bedroom homes with dedicated outdoor space, while the remaining exterior scope and one in-progress interior unit represent the primary items for a buyer to address to finalize the property’s current build-out.
Key Highlights
- Extensively renovated 4‑unit multifamily with all four units designed as 1‑bedroom layouts
- Each unit includes private outdoor space with a balcony or patio
- Renovations since 2018 include full redesign of each unit plus re‑insulation of walls, ceilings, and floors
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 1-bedroom units offer private balconies or patios, with one interior unit still in progress and exterior work underway.
Where is this quadplex located?
The property is located at 8 Thomas Street Madison, ME.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Extensively renovated 4‑unit multifamily with all four units designed as 1‑bedroom layouts; Each unit includes private outdoor space with a balcony or patio; Renovations since 2018 include full redesign of each unit plus re‑insulation of walls, ceilings, and floors
