Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    97 13th Avenue, Madawaska, ME 04756

    View on Map
    Claim this Listing
    New
    For Sale
    $95,000

    MULTI_FAMILY - Madawaska, ME

    Property size:
    1,554 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $61/SF
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 2:06 am

    Property Features for 97 13th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Industrial
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Parking features
    Carport
    Interior features
    1st Floor Bedroom, Bathtub
    Basement
    Full, Daylight
    Standard status
    Active
    Size
    1,554 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1094

    Utilities

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

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Linoleum
    Building materials
    Wood Frame, Shingle Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Leigh Smith

    Listing agent Leigh Smith

    Listing office RE/MAX County 612 Main Street, Presque Isle, ME

    Listing date May 29, 2026

    MLS# 1659092 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.

    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Madawaska
    County
    Aroostook
    State
    Maine
    Longitude
    -68.329901
    Latitude
    47.35652

    Nearby Similar for Sale

    • $275,000
      4,004 SF

      Madawaska Commercial Building For Sale

      Well-maintained commercial building with convenient floor plan in Madawaska, Maine.
      645 Main Street, Madawaska, ME 04756
      View Details
    • $120,000
      2,080 SF

      Madawaska Commercial Property with Potential

      Commercial property in Madawaska, Maine, featuring original hardwood floors.
      324 Main Street, Madawaska, ME 04756
      View Details
    • $695,000
      16,772 SF

      Maine Motel with Restaurant

      33-room motel with restaurant and owner's residence.
      735 Main Street, Madawaska, ME 04756
      View Details
    • $85,000
      3,674 SF

      Commercial Building with Retail Space

      Commercial building featuring retail space and restaurant potential in Madawaska.
      296 & 298 Main Street, Madawaska, ME 04756
      View Details
    • $215,000
      850 SF

      Downtown Madawaska Multi-Use Building

      Versatile building with retail space and residential units.
      334 Main Street, Madawaska, ME 04756
      View Details
    • $135,000
      1,224 SF

      Multifamily Property in Madawaska, ME

      Three-unit property with potential for two more units.
      432-434 E Main Street, Madawaska, ME 04756
      View Details
    • $140,000
      3,220 SF

      Multi-Family Investment Opportunity

      Two buildings, four units, two bedrooms each, investment opportunity.
      131/132 13th&14th Avenue, Madawaska, ME 04756
      View Details

    FAQs

    Where is this duplex located?
    The property is located at 97 13th Avenue Madawaska, ME.
    What is the asking price?
    The asking price for this property is $95,000.
    (207) 227-4501
    We can help!
    Listing Contact
    Leigh Smith
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    97 13th Avenue, Madawaska, ME 04756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!