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  • $265,000

    54 Weston Avenue, Madison, ME 04950

    8beds
    4,684sqft
    : 
    $1,836/mo
    Get pre-qualified
    Multi Family
    Built in 1910
    -- sqft lot
    $254,300 Zestimate®
    $57/sqft
    $-- HOA

    What's special

    Detached two-car garageRare double lot
    Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
    66 days
    190
    18

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Real Broker

    Source: Maine Listings,MLS#: 1672049MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Attic, Bathtub, Pantry, Storage
      • Flooring: Laminate, Vinyl, Wood
      • Basement: Doghouse,Interior Entry,Walk-Out Access,Finished,Full,Unfinished
      Interior area
      • Total structure area: 4,684
      • Total interior livable area: 4,684 sqft
      • Finished area above ground: 3,984
      • Finished area below ground: 700

      Property

      Parking
      • Total spaces: 2
      • Parking features: Common, Paved, 5 - 10 Spaces, On Site, Garage Door Opener, Detached
      • Garage spaces: 2
      Features
      • Stories: 2
      • Patio & porch: Glassed-in Porch, Porch
      Lot
      • Size: 10,018 Square Feet
      • Features: City Lot, Near Golf Course, Near Shopping, Neighborhood, Level, Open Lot, Sidewalks
      Details
      • Parcel number: MADNM021L147
      • Zoning: Res Intown
      • Other equipment: Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Victorian
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Clapboard
      • Foundation: Granite, Poured Concrete
      • Roof: Metal,Shingle
      Condition
      • Year built: 1910

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $57/sqft
      • Tax assessed value: $271,100
      • Annual tax amount: $5,590
      • Date on market: 7/15/2026
      • Road surface type: Paved

        Estimated market value

        $254,300

        $242,000 - $267,000

        $1,100/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$265,000+76.7%$57/sqft
        Source: Maine Listings #1672049 Report a problem
        8/30/2022Sold$150,000-12.8%$32/sqft
        Source: Maine Listings #1534344 Report a problem
        7/28/2022Pending sale$172,000$37/sqft
        Source: Maine Listings #1534344 Report a problem
        6/28/2022Listed for sale$172,000$37/sqft
        Source: Maine Listings #1534344 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,365 +11.2%$271,100 +15.3%
        2023$3,926 +12.1%$235,100 +24.8%
        2022$3,502 +0.2%$188,400 +4.7%
        2021$3,494 -4.6%$179,900 +4.4%
        2020$3,661 +1%$172,300 +1%
        2019$3,625 -1.2%$170,600
        2018$3,668 $170,600
        2017$3,668 +2.4%$170,600
        2016$3,583 +7.7%$170,600
        2015$3,327 $170,600
        2014$3,327 +11.2%$170,600
        2013$2,991 +3.7%$170,600
        2012$2,885 $170,600
        2010-- $170,600 +4%
        2009-- $164,000 +1.2%
        2008-- $162,000 +11.3%
        2006-- $145,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04950

        Getting around

        48 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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