Active

Price cut: $10K (5/11)

$149,900

8 Preble Avenue, Madison, ME 04950

2beds

1,632sqft

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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.

154 days

349

16

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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
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

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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.

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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