Closed

$474,000

157 Madison Avenue, Skowhegan, ME 04976

7beds

3,495sqft

Multi Family

Built in 1900

-- sqft lot

$487,500 Zestimate^®

$136/sqft

$1,526 Estimated rent

Home value

$487,500

Estimated sales range

Not available

$1,526/mo

Zestimate^® history

Owner options

List your home for rent

$1,526/mo

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$1,526/mo

Rent Zestimate^®

Refinance and save

$2,462/mo

Est. payment

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$2,462/mo

Est. payment

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What's special

Professional office spaceRent producing unitLarge paved parking lot

12920 - Madison Avenue properties are rarely for sale; this building is ready for serious consideration for your portfolio. It is a mixed-use property that has many updated capital improvements including new siding and a large, paved parking lot. The front two thirds of the first floor is being used as professional office space for an accounting firm, which is approximately 1,600 sqft. The rear portion of the first floor is a private recently renovated 2-bedroom apartment. The second level is another rent producing unit of another 2 bedrooms. The third story is cold storage at this time; however, one could explore the older apartment (has not been occupied for many years) and see what is needed for code enforcement to deem it a 4th unit. Inquire today for more details!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Baseboard, Direct Vent Heater, Forced Air, Heat Pump

Cooling

Heat Pump

Features

1st Floor Bedroom, One-Floor Living, Storage
Flooring: Carpet, Laminate, Vinyl
Basement: Interior Entry,Crawl Space,Partial,Unfinished,Brick/Mortar

Interior area

Total structure area: 3,495
Total interior livable area: 3,495 sqft
Finished area above ground: 3,495
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Paved, 11 - 20 Spaces, On Site, Detached
Garage spaces: 1

Accessibility

Accessibility features: Level Entry

Features

Stories: 3

Lot

Size: 0.31 Acres
Features: City Lot, Near Shopping, Near Town, Retail Strip, Level, Open Lot

Details

Zoning: Commercial
Other equipment: Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Stone, Brick/Mortar
Roof: Pitched,Shingle

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Skowhegan

Financial & listing details

Price per square foot: $136/sqft
Annual tax amount: $3,913
Date on market: 5/19/2025
Road surface type: Paved

Price history

Date	Event	Price
9/30/2025	Sold	$474,000+11.8%$136/sqft
Source: Maine Listings #1616180 Report a problem
9/12/2025	Pending sale	$424,000$121/sqft
Source: Maine Listings #1616180 Report a problem
6/26/2025	Price change	$424,000-1.2%$121/sqft
Source: Maine Listings #1616180 Report a problem
5/19/2025	Listed for sale	$429,000$123/sqft
Source: Maine Listings #1616180 Report a problem
4/1/2025	Pending sale	$429,000$123/sqft
Source: Maine Listings #1616180 Report a problem
3/14/2025	Listed for sale	$429,000$123/sqft
Source: Maine Listings #1616180 Report a problem