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    Downtown Two-Unit Residential Property Title is generated by Realmo AI

    97 13th Avenue, Madawaska, ME 04756

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    For Sale
    $95,000

    MULTI_FAMILY - Madawaska, ME

    Property size:
    1,554 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $61/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 97 13th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Industrial
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Parking features
    Carport
    Interior features
    1st Floor Bedroom, Bathtub
    Basement
    Daylight, Full
    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
    Linoleum, Vinyl
    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 Jun 5, 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.

    HighLights

    • Two‑unit property with two 1‑bedroom, 1‑bath apartments
    • In‑unit laundry in each apartment
    • Dry basement provides additional storage space
    • Updates reported: roof, boiler, and electrical
    • Metal roof; wood‑frame construction with shingle siding
    • Utilities: public water and public sewer; zoned oil hot water/baseboard heating

    Overview

    This for-sale two-unit residential property includes two spacious 1-bedroom, 1-bath apartments. Each unit offers in-unit laundry, supporting everyday convenience. The layout features large rooms designed for comfortable living. Updates reported for the property include the roof, boiler, and electrical systems, which can help reduce near-term maintenance concerns. A dry basement is available for additional storage and practical utility.

    The property is located downtown in Madawaska with easy access to shops, services, and local amenities. The listing indicates a small lot size of 0.06 acres and a total property size of 1,554 square feet.

    From an occupancy standpoint, the configuration supports multiple use scenarios, including living in one unit while renting the other, or adding a two-unit income property to an investment portfolio. With two separate apartments and in-unit laundry, it may appeal to tenants seeking self-contained convenience. The recent major system updates and dry basement further strengthen day-to-day usability for either an owner-occupant or a landlord.
    Property Profile 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

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    FAQs

    What type of property is this?
    Duplex - Two 1-bedroom units with in-unit laundry and recent major systems updates, offering flexible owner-occupant or rental use.
    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.
    What are key features of this property?
    This property features: Two‑unit property with two 1‑bedroom, 1‑bath apartments; In‑unit laundry in each apartment; Dry basement provides additional storage space
    (207) 227-4501
    We can help!
    Listing Contact
    Leigh Smith
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    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
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