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!
Active
$265,000
54 Weston Avenue, Madison, ME 04950
8beds
4,684sqft
Multi Family
Built in 1910
-- sqft lot
$254,300 Zestimate®
$57/sqft
$-- HOA
What's special
Detached two-car garageRare double lot
- 66 days
- 190
- 18
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Real Broker
Source: Maine Listings,MLS#: 1672049
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
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $265,000+76.7%$57/sqft |
Source: | ||
| 8/30/2022 | Sold | $150,000-12.8%$32/sqft |
Source: | ||
| 7/28/2022 | Pending sale | $172,000$37/sqft |
Source: | ||
| 6/28/2022 | Listed for sale | $172,000$37/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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






