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  • $185,000

    240 Main Street, Madawaska, ME 04756

    6beds
    1,845sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $190,100 Zestimate®
    $100/sqft
    $1,372 Estimated rent

    Home value

    $190,100

    Estimated sales range

    Not available

    $1,372/mo

    Zestimate® history
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    $1,253/mo

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    What's special

    Commercial garageNew roofHigh-visibility location
    Unique Investment Opportunity - Income-Generating Property with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space—all in one! Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business + rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work, and grow!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sell Your Home Services 888-219-3009

    Bought with:

    Big Bear Real Estate Company

    Source: Maine Listings,MLS#: 1616395MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Heat Pump, Other
    Cooling
    • Central Air
    Features
    • 1st Floor Bedroom, Attic, In-Law Floorplan, One-Floor Living, Storage
    • Flooring: Carpet, Vinyl
    • Basement: Interior Entry,Brick/Mortar
    • Furnished: Yes
    Interior area
    • Total structure area: 1,845
    • Total interior livable area: 1,845 sqft
    • Finished area above ground: 1,845
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Common, Concrete, Paved, 1 - 4 Spaces, On Site, Other, Detached, Heated Garage, Storage
    • Garage spaces: 2
    Features
    • Levels: Multi/Split
    • Patio & porch: Porch
    Lot
    • Size: 0.82 Acres
    • Features: Business District, Near Shopping, Near Town, Neighborhood, Other, Retail Strip, Corner Lot, Sidewalks
    Details
    • Zoning: Residential
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other,Split Level
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1930

    Utilities & green energy

    • Electric: On Site, Circuit Breakers, Three Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & HOA

    Location
    • Region: Madawaska

    Financial & listing details

    • Price per square foot: $100/sqft
    • Annual tax amount: $1,943
    • Date on market: 5/19/2025
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/4/2025Sold$185,000-7.5%$100/sqft
    Source: Maine Listings #1616395 Report a problem
    9/17/2025Pending sale$199,900$108/sqft
    Source: Maine Listings #1616395 Report a problem
    5/29/2025Price change$199,900-8.7%$108/sqft
    Source: Maine Listings #1616395 Report a problem
    5/22/2025Price change$219,000-15.4%$119/sqft
    Source: Maine Listings #1616395 Report a problem
    5/19/2025Listed for sale$259,000$140/sqft
    Source: Maine Listings #1616395 Report a problem
    5/19/2025Pending sale$259,000$140/sqft
    Source: Maine Listings #1616395 Report a problem
    4/11/2025Price change$259,000-7.5%$140/sqft
    Source: Maine Listings #1616395 Report a problem
    3/18/2025Listed for sale$280,000+0.7%$152/sqft
    Source: Maine Listings #1616395 Report a problem
    1/8/2024Listing removed--
    Source: Maine Listings #1564606 Report a problem
    11/2/2023Price change$278,000-14.5%$151/sqft
    Source: Maine Listings #1564606 Report a problem
    7/7/2023Listed for sale$325,000+160.2%$176/sqft
    Source: Maine Listings #1564606 Report a problem
    7/26/2016Listing removed$124,900$68/sqft
    Source: CENTURY 21 Queen City Real Estate #1251954 Report a problem
    2/22/2016Listed for sale$124,900+64.6%$68/sqft
    Source: CENTURY 21 Queen City Real Estate #1251954 Report a problem
    10/11/2012Listing removed$75,900$41/sqft
    Source: CENTURY 21 Queen City Real Estate #1040614 Report a problem
    2/3/2012Listed for sale$75,900$41/sqft
    Source: CENTURY 21 Queen City Real Estate #1040614 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04756

    Nearby schools

    GreatSchools rating
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