8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
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Listed by Paulette Dickinson The Maine Real Estate Experience
$ 380,000
Est. payment | /mo

4 Baths

2,012 SqFt


$ 380,000
Est. payment | /mo

4 Baths

2,012 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,012 sqft

Price per Sqft $188

MLS Listing ID 1651300

Style Post & Beam

Full Baths 4

HOA Y/N No

Year Built 1900

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Source Maine Listings

Land Area 2012

Property Description

Extensively renovated 4-unit multifamily in a quiet, in-town Madison location with strong value-add potential. Since 2018, the owner has redesigned each unit entirely and completed multiple additions, along with full re-insulation of walls, ceilings, and floors and added 2x6 posts for additional structural support in areas of expansion. Distinctive finishes include reclaimed wood accent walls crafted from original materials and reclaimed brick feature walls salvaged during chimney removal.

All four units are 1-bedroom layouts, each offering private outdoor space with a balcony or patio. One interior unit remains in progress, and exterior improvements—including remaining siding, staircases, balconies, and railings—present an opportunity for a buyer to complete the final phase and add value. Rear stair components for the second-floor balconies have already been purchased and are ready for installation. The property is not zoned, allowing flexibility for residential or commercial use (buyer to verify). An additional storage structure is included and conveyed as-is. Conveniently located near town amenities while maintaining a quiet neighborhood setting.

This property is currently operating successfully as a short-term vacation rental on platforms including Airbnb and Vrbo, providing a strong, established, source of supplemental income for the owner.

Location

State ME

County Somerset

Zoning None

Direction GPS Friendly - Use 8 Thomas St Madison, 04950. No sign on property.

Rooms

Other Rooms Shed(s)

Basement Interior, Brick/Mortar, Sump Pump, Unfinished

Interior

Interior Features Walk-in Closets, Attic, Shower, Primary Bedroom w/Bath

Heating Hot Water, Direct Vent Heater

Cooling Window Unit(s)

Flooring Vinyl, Tile, Laminate

Furnishings Unfurnished

Window Features Double Pane Windows

Appliance Tankless Water Heater

Laundry Washer Hookup

Exterior

Parking Features 5 - 10 Spaces, Gravel, Off Street

Utilities Available Utilities On

Roof Type Metal

Porch Deck, Patio

Garage No

Building

Lot Description Level, Intown, Near Town, Neighborhood

Story 2

Entry Level Multi-Level

Foundation Brick/Mortar

Water Public

Level or Stories 2

Schools

School District Rsu 59/Msad 59

Others

Tax ID MADN-000021-000000-000187

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Maine MLS (MREIS) IDX

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8 Thomas ST