Active

Price cut: $10K (5/11)

$149,900

8 Preble Avenue, Madison, ME 04950

2beds

1,632sqft

$1,030/mo

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$92/sqft

$-- HOA

What's special

Two-car detached garageNice yardAdditional storage shed

13047 - Well-maintained 2-unit apartment building offering an excellent opportunity for investors or owner-occupants. The first-floor unit features one bedroom, while the upper-level unit offers two bedrooms and is occupied by a long-term tenant of several years. Both units are currently rented, providing immediate income. Property includes a two-car detached garage, an additional storage shed, and a nice yard. Conveniently located close to town, shopping, and local amenities. Solid rental history and desirable location make this a strong income-producing property.

200 days

221

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Direct Vent Heater, Forced Air

Cooling

None

Features

Flooring: Carpet, Laminate, Wood
Basement: Doghouse,Interior Entry,Full

Interior area

Total structure area: 1,632
Total interior livable area: 1,632 sqft
Finished area above ground: 1,632
Finished area below ground: 0

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Property

Parking

Total spaces: 2
Parking features: Gravel, 5 - 10 Spaces, On Site, Detached
Garage spaces: 2

Lot

Size: 9,583 Square Feet
Features: Near Town, Level, Open Lot

Details

Parcel number: MADNM017L032
Zoning: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Split Level
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Poured Concrete
Roof: Metal

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $92/sqft
Tax assessed value: $144,400
Annual tax amount: $2,911
Date on market: 1/9/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/11/2026	Price change	$149,900-6.3%$92/sqft
Source: Maine Listings #1648987 Report a problem
1/9/2026	Listed for sale	$159,900+116.1%$98/sqft
Source: Maine Listings #1648987 Report a problem
9/30/2019	Sold	$74,000-1.2%$45/sqft
Source: Maine Listings #1323413 Report a problem
6/18/2018	Listed for sale	$74,900$46/sqft
Source: Hearth and Home Realty #1323413 Report a problem
3/29/2018	Listing removed	$74,900$46/sqft
Source: Hearth and Home Realty #1323413 Report a problem
8/29/2017	Listed for sale	$74,900$46/sqft
Source: Hearth and Home Realty #1323413 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,325 +11.4%	$144,400 +15.5%
2023	$2,088 +9.7%	$125,000 +22.1%
2022	$1,904 +0.3%	$102,400 +4.7%
2021	$1,899 -5%	$97,800 +4%
2020	$1,998 +1%	$94,000 +1%
2019	$1,978 -1.2%	$93,100
2018	$2,002	$93,100
2017	$2,002 +2.4%	$93,100
2016	$1,955 +7.7%	$93,100
2015	$1,815	$93,100
2014	$1,815 +11.2%	$93,100
2013	$1,632 +3.7%	$93,100
2012	$1,574	$93,100 +21.1%
2006	--	$76,900

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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