8 Preble Ave

Madison, ME 04950

$159,900
Price
2
Beds
1,632 Sq. Ft.
$98 / Sq. Ft.
1,632
Sq. Ft.
$98
per Sq. Ft.
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Description

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...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.
  1. Listed by Abby Nichols • Allied Realty

Property Details for 8 Preble Avenue

Waterfront
No
ArchitecturalStyle
Split Level
Garage Spaces
2.00
Garage
Yes
Zoning
None
LISTING UPDATED: 01/12/2026 02:19 PM

Property Details for 8 Preble Avenue

StatusActive
MLS #1648987
Days on Market23
Taxes$2,911 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built999
Lot Size0.22 AC / 9,583 SF
CountySomerset County

Location

Listing Courtesy of Allied Realty
Add your commute

Building Information for 8 Preble Avenue

Stories-Residences2Year Built999Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$1,022 per month

30 year fixed, 6.15% Interest

Principal and Interest

$779

Property Taxes

$243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8 Preble Avenue

Summary
Location and General Information
  • Zip Code: 1417
  • Directions: Use GPS.
  • Town: Madison
  • State/Province: ME
  • Zip Code: 04950
  • County: Somerset
  • Geo Latitude: 44.791747
  • Geo Longitude: -69.880913
  • Tax Lot: 32
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Town: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Detached
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 5469
  • Tax Map Number: 17
  • Tax Year: 2025
  • Parcel Number: MADN-000017-000000-000032
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $2,911.48
  • Restrictions:No Restrictions: Yes
Virtual Tour
Property
Heating and Cooling
  • Water Heater:Electric: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 1632.0
  • Lot Size Acres: 0.22
  • Source of Acreage: Public Records
  • Building Area Total: 1632.0
  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9583.2
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Street Number: 8
  • 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
Parking
  • Driveway:Gravel: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 999
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:2 Car: Yes
  • Vehicle Storage:Detached: Yes
  • Roof: Metal
Interior Features
  • Basement: Interior, Full, Doghouse
  • Flooring: Wood, Laminate, Carpet
  • Cooling: None
  • Heating: Forced Air, Direct Vent Heater
  • Foundation Details: Concrete Perimeter
  • 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: $17,288.00
  • Operating Expenses: $12,490.00
Multi-Family Information
  • Number of Units: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $800.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 3.00
  • Unit 1:# of Bedrooms: 1.00
  • Unit 1:Dedicated Electric Meter: No
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • 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: Yes
  • Unit 2:Monthly Rent: $800.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 1.00
  • Unit 2:Dedicated Electric Meter: No
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • 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: 1
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 0

Property History for 8 Preble Avenue

DateEvent & SourcePriceAppreciation
Jan 5, 2026

Listed (Active)

Maine Listings #1648987

$159,900—
Sep 30, 2019

Sold

Maine Listings #1323413

$74,000—
Aug 2, 2019

Pending

Maine Listings #1323413

—
Aug 2, 2019

Active Under Contract

Maine Listings #1323413

—
Aug 21, 2017

Listed (Active)

Maine Listings #1323413

$74,900—
DateEvent & SourcePrice
01/05/2026

Listed (Active)

Maine Listings #1648987

$159,900
09/30/2019

Sold

Maine Listings #1323413

$74,000
08/02/2019

Pending

Maine Listings #1323413

—
08/02/2019

Active Under Contract

Maine Listings #1323413

—
08/21/2017

Listed (Active)

Maine Listings #1323413

$74,900

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

Public Records for 8 Preble Avenue

Taxable ValueLand$27,600Additions$116,800Total$144,400
Tax Record2024$2,325 ($194 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtStories2Lot Size9,583 SqFtStyleSingle Family ResidenceZoningRES INCountySOMERSETAPNMADN M:017 L:032

Schools near 8 Preble Avenue

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

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More information about 8 Preble Avenue, Madison, ME 04950

8 Preble Avenue is a multi-family home for sale in Madison, ME 04950. This property was listed for sale on January 5, 2026 by Allied Realty, it's currently listed at $159,900. It has been on the market for a total of 23 days and was last sold on September 30, 2019. 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. 8 Preble Avenue is a 2-bed, 2-bath, 1,632 sqft multi-family home built in 999.

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.