8 Preble Ave

Madison, ME 04950

$149,900
Price
2
Beds
1,632 Sq. Ft.
$92 / Sq. Ft.
1,632
Sq. Ft.
$92
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: 06/15/2026 12:57 PM

Property Details for 8 Preble Avenue

StatusActive
MLS #1648987
Days on Market160
Taxes$2,911 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built999
Lot Size0.22 AC / 9,583 SF
CountySomerset County
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Location

Listing Courtesy of Allied Realty
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Building Information for 8 Preble Avenue

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

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$990 per month

30 year fixed, 6.36% Interest

Principal and Interest

$747

Property Taxes

$243

HOA Dues

$0

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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
  • Construction: Wood Frame
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: Gravel, Detached, 5 - 10 Spaces, On Site
  • Attached Garage: No
  • Parking: 5 - 10 Spaces, On Site2
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
  • Heat Fuel: Oil, Propane
  • Heat System: Direct Vent Heater, Forced Air
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
  • 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
  • Driveway: Gravel
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
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Vehicle Storage:2 Car: Yes
  • Vehicle Storage:Detached: Yes
  • Roof: Metal
  • Vehicle Storage: 2 Car, Detached
  • Basement Entry: Doghouse, Interior
Interior Features
  • Basement: Full
  • Flooring: Carpet, Laminate, Wood
  • Cooling: None
  • Heating: Oil, Propane, Direct Vent Heater, Forced Air
  • Foundation Details: Poured Concrete
  • 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
  • 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: $850.00
  • 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:Monthly Rent: $850.00
  • 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
May 11, 2026

Price Change

Maine Listings #1648987

$149,900—
Jan 9, 2026

Listed (Active)

Maine Listings #1648987

$159,900—
Sep 30, 2019

Sold

Maine Listings #1323413

$74,000—
DateEvent & SourcePrice
05/11/2026

Price Change

Maine Listings #1648987

$149,900
01/09/2026

Listed (Active)

Maine Listings #1648987

$159,900
09/30/2019

Sold

Maine Listings #1323413

$74,000

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

Public Records for 8 Preble Avenue

Taxable ValueLand$31,100Additions$172,500Total$203,600
Tax Record2025$2,911 ($243 / 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
Main Street Middle School
Public - 3 to 6
Madison Junior High School
Public - 5 to 8
Madison Area Memorial High School
Public - 9 to 12
Madison Elementary School
Public - PK to 2
Rating
School
Distance
Main Street Middle School
Public3 to 6

Madison Junior High School
Public5 to 8

Madison Area Memorial High School
Public9 to 12

Madison Elementary School
PublicPK to 2

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 9, 2026 by Allied Realty, it's currently listed at $149,900. It has been on the market for a total of 160 days and was last sold on September 30, 2019. This listing's school district is Regional School Unit 59 Msad 59. Nearby schools include Main Street Middle School, Madison Junior High School and Madison Area Memorial High 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.