45 Madison Ave

$255,000
Price
4
Beds
2,304 Sq. Ft.
$111 / Sq. Ft.
2,304
Sq. Ft.
$111
per Sq. Ft.

Description

12913 - Prime investment opportunity downtown Madison. This beautifully remodeled 2-unit apartment (2023-2024) is perfect for homeowners or savvy investors! Each unit offers 2-bedrooms 1 bath. The home could be converted to a 4-bedroom residential home if desired. This unit sits on a desirable corner lot with two separate driveways. Recent upgrades include new high efficiency hot water heaters and a new oil-fired burner for worry-free living. Live in one unit and rent the other to offset your mortgage....12913 - Prime investment opportunity downtown Madison. This beautifully remodeled 2-unit apartment (2023-2024) is perfect for homeowners or savvy investors! Each unit offers 2-bedrooms 1 bath. The home could be converted to a 4-bedroom residential home if desired. This unit sits on a desirable corner lot with two separate driveways. Recent upgrades include new high efficiency hot water heaters and a new oil-fired burner for worry-free living. Live in one unit and rent the other to offset your mortgage. Build equity and generate rental income. Madison Electric for affordable power. Call for your showing today.
  1. Listed by Sylvia Turner • Allied Realty

Property Details for 45 Madison Avenue

Waterfront
No
ArchitecturalStyle
Other, Colonial
Garage Spaces
.00
Garage
No
Zoning
None
LISTING UPDATED: 12/10/2025 09:51 AM

Property Details for 45 Madison Avenue

StatusActive
MLS #1614162
Days on Market253
Taxes$2,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1925
Lot Size0.13 AC / 5,662 SF
CountySomerset County

Location

Listing Courtesy of Allied Realty
Add your commute

Building Information for 45 Madison Avenue

Stories-Residences2Year Built1925Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,491 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,260

Property Taxes

$231

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 45 Madison Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 1219
  • Directions: Main Street in Madison, go past Irving Oil, next road on right in Madison Ave, take right. Apartment is on right, corner of Madison Avenue and Garfield Street.
  • Town: Madison
  • State/Province: ME
  • Zip Code: 04950
  • County: Somerset
  • Geo Latitude: 44.799519
  • Geo Longitude: -69.881901
  • Tax Lot: 135
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Interior Lot: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Paved, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 6141
  • Tax Map Number: 19
  • Tax Year: 2024
  • Parcel Number: MADN-000019-000000-000135
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $2,772.42
  • Restrictions:No Restrictions: Yes
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Heat Pump: Yes
  • Water Heater:Tank: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2304.0
  • Lot Size Acres: 0.13
  • Source of Acreage: Public Records
  • Building Area Total: 2304.0
  • Lot Size Area: 0.13
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5662.8
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 45
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Grey
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1925
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
Interior Features
  • Basement: Interior, Full, Unfinished
  • Flooring: Wood, Tile
  • Interior Features: 1st Floor Bedroom, Attic
  • Cooling: None
  • Heating: Hot Water, Baseboard
  • Foundation Details: Concrete Perimeter
  • Laundry Features: Washer Hookup
  • Bathrooms Total (Integer): 2
  • Bathrooms Total (Decimal): 2.00
  • Bathrooms Total (Notational): 2.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $.00
  • Operating Expenses: $.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: Yes
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 2
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 45 Madison Avenue

DateEvent & SourcePriceAppreciation
Feb 7, 2025

Listed (Active)

Maine Listings #1614162

$285,000
Jun 6, 2024

Sold (Public Record)

Public Record #1534047550

$245,000
Jun 6, 2024

Sold

Maine Listings #1584248

$245,000
May 2, 2024

Active Under Contract

Maine Listings #1584248

Mar 28, 2024

Pending

Maine Listings #1584248

Mar 27, 2024

Active Under Contract

Maine Listings #1584248

Mar 12, 2024

Withdrawn

Maine Listings #1574568

$250,000
Nov 3, 2023

Expired

Maine Listings #1547881

$168,500
Oct 10, 2023

Listed (Active)

Maine Listings #1584248

$250,000
Oct 10, 2023

Listed (Active)

Maine Listings #1574568

$265,000
Mar 2, 2023

Withdrawn

Maine Listings #1547881

$168,500
Nov 3, 2022

Listed (Active)

Maine Listings #1547881

$168,500
Feb 26, 2021

Sold

Maine Listings #1476949

$70,000
Dec 29, 2020

Pending

Maine Listings #1476949

Dec 24, 2020

Active Under Contract

Maine Listings #1476949

Nov 19, 2020

Listed (Active)

Maine Listings #1476949

$85,000
May 26, 1999

Expired

Maine Listings #244767

$69,000
May 26, 1998

Listed (Active)

Maine Listings #244767

$69,000
DateEvent & SourcePrice
02/07/2025

Listed (Active)

Maine Listings #1614162

$285,000
06/06/2024

Sold (Public Record)

Public Record #1534047550

$245,000
06/06/2024

Sold

Maine Listings #1584248

$245,000
05/02/2024

Active Under Contract

Maine Listings #1584248

03/28/2024

Pending

Maine Listings #1584248

03/27/2024

Active Under Contract

Maine Listings #1584248

03/12/2024

Withdrawn

Maine Listings #1574568

$250,000
11/03/2023

Expired

Maine Listings #1547881

$168,500
10/10/2023

Listed (Active)

Maine Listings #1584248

$250,000
10/10/2023

Listed (Active)

Maine Listings #1574568

$265,000
03/02/2023

Withdrawn

Maine Listings #1547881

$168,500
11/03/2022

Listed (Active)

Maine Listings #1547881

$168,500
02/26/2021

Sold

Maine Listings #1476949

$70,000
12/29/2020

Pending

Maine Listings #1476949

12/24/2020

Active Under Contract

Maine Listings #1476949

11/19/2020

Listed (Active)

Maine Listings #1476949

$85,000
05/26/1999

Expired

Maine Listings #244767

$69,000
05/26/1998

Listed (Active)

Maine Listings #244767

$69,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 45 Madison Avenue

Taxable ValueLand$16,600Additions$155,600Total$172,200
Tax Record2024$2,772 ($231 / month)
Home Facts
Beds4Baths1Total Finished SqFt2,304 SqFtAbove Grade Finished SqFt2,304 SqFtStories2Lot Size5,663 SqFtStyleSingle Family ResidenceZoningRES INCountySOMERSETAPNMADN M:019 L:135

Schools near 45 Madison Avenue

This home is within Regional School Unit 59 Msad 59.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Madison Junior High School
Public5 to 8

Madison Area Memorial High School
Public9 to 12

Madison Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

45 Madison Avenue is a multi-family home for sale in Madison, ME 04950. This property was listed for sale on February 7, 2025 by Allied Realty, it's currently listed at $255,000. It has been on the market for a total of 253 days and was last sold on June 6, 2024. This listing's school district is Regional School Unit 59 Msad 59. Nearby schools include Madison Junior High School, Madison Area Memorial High School and Madison Elementary School. 45 Madison Avenue is a 4-bed, 2-bath, 2,304 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Allied Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.