8 Thomas St
Description
Extensively renovated 4-unit multifamily in a quiet, in-town Madison location with strong value-add potential. Since 2018, the owner has redesigned each unit entirely and completed multiple additions, along with full re-insulation of walls, ceilings, and floors and added 2x6 posts for additional structural support in areas of expansion. Distinctive finishes include reclaimed wood accent walls crafted from original materials and reclaimed brick feature walls salvaged during chimney removal. All four...Extensively renovated 4-unit multifamily in a quiet, in-town Madison location with strong value-add potential. Since 2018, the owner has redesigned each unit entirely and completed multiple additions, along with full re-insulation of walls, ceilings, and floors and added 2x6 posts for additional structural support in areas of expansion. Distinctive finishes include reclaimed wood accent walls crafted from original materials and reclaimed brick feature walls salvaged during chimney removal. All four units are 1-bedroom layouts, each offering private outdoor space with a balcony or patio. One interior unit remains in progress, and exterior improvements—including remaining siding, staircases, balconies, and railings—present an opportunity for a buyer to complete the final phase and add value. Rear stair components for the second-floor balconies have already been purchased and are ready for installation. The lot provides room for a future garage, and the property is not zoned, allowing flexibility for residential or commercial use (buyer to verify). An additional storage structure is included and conveyed as-is. Conveniently located near town amenities while maintaining a quiet neighborhood setting. This property is currently operating successfully as a short-term vacation rental on platforms including Airbnb, Vrbo, and Booking.com, providing a strong, established, source of supplemental income for the owner.
- Listed by Paloma Fondeur Gomez • The Maine Real Estate Experience
- Listed by Hannah Brann • The Maine Real Estate Experience
Property Details for 8 Thomas Street
Waterfront
No
Garage Spaces.00
GarageNo
ZoningNone
Subdivision NameN/A
LISTING UPDATED: 02/07/2026 08:59 PM
Property Details for 8 Thomas Street
| Status | Active |
|---|---|
| MLS # | 1651300 |
| Days on Market | 2 |
| Taxes | $1,103 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.50 AC / 21,780 SF |
| County | Somerset County |
Location
Listing Courtesy of The Maine Real Estate Experience
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Building Information for 8 Thomas Street
Stories2Residences4Year Built1900Building Size-Lot Size0.50 AC / 21,780 SF
Payment Calculator
$1,944 per month
30 year fixed, 6.15% Interest
Principal and Interest
$1,852
Property Taxes
$92
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 8 Thomas Street
Summary
Location and General Information
- Road Surface Type: Paved
- Directions: GPS Friendly - Use 8 Thomas St Madison, 04950. No sign on property.
- Town: Madison
- State/Province: ME
- Zip Code: 04950
- County: Somerset
- Geo Latitude: 44.802272
- Geo Longitude: -69.87751
- Tax Lot: 187
- Site:Level: Yes
- Location:Intown: Yes
- Location:Near Town: Yes
- Location:Neighborhood: Yes
- Recreational Water:Nearby: Yes
- Recreational Water:River/Brook/Stream: Yes
Parking
- Parking Features: 5 - 10 Spaces, Gravel, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 5950
- Tax Map Number: 21
- Tax Year: 2025
- Parcel Number: MADN-000021-000000-000187
- Location Information:Association Y/N: No
- Tax Annual Amount: $1,103.00
School Information
- School District: RSU 59/MSAD 59
Virtual Tour
- Virtual Tour URLUnbranded: https://tours.elevateaerialandphotography.com/idx/307705
Property
Green Features
- Energy Efficiency:Ceiling Fans: Yes
- Energy Efficiency:Tankless Water Heater: Yes
Heating and Cooling
- Water Heater:Electric: Yes
- Water Heater:On Demand: Yes
- Water Heater:Tankless: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2500.0
- Lot Size Acres: 0.5
- Source of Acreage: Seller
- Building Area Total: 2500.0
- Lot Size Area: 0.5
- Lot Size Units: Acres
- Lot Size Square Feet: 21780.0
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 8
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Owner Occupied: Yes
- Property Information:Short Sale Continue to Show: No
- Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
- Property Information:Deed: All
- Property Information:Deed Restrictions: Unknown
- Property Information:Bank Owned REO: No
- Property Information:2 Detached Houses on 1 Lot: No
- Property Information:Total Half Baths: .00
- Property Information:Color: Charcoal/Natural Woo
- Property Information:Source of Road Frontage: Other
- Property Information:Road Front Other Source: N/A
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Aluminum Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Metal
- Other Structures: Shed(s)
- Patio and Porch Features:Deck: Yes
- Patio and Porch Features:Patio: Yes
Interior Features
- Basement: Interior, Brick/Mortar, Sump Pump, Unfinished
- Flooring: Vinyl, Tile, Laminate
- Interior Features: Walk-in Closets, Attic, Shower, Primary Bedroom w/Bath
- Cooling: Window Unit(s)
- Heating: Hot Water, Direct Vent Heater
- Foundation Details: Brick/Mortar
- Laundry Features: Washer Hookup
- # Stories: 2
- # Floors: 2
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $61,200.00
- Operating Expenses: $20,000.00
Multi-Family Information
- Number of Units: 4
- Building Info:# Stories: 2
- Building Info:# Floors: 2
- Building Info:# Heating Units: 4
- Building Info:# Water Heaters: 1
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $900.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 1.00
- Unit 1:# of Bedrooms: 1.00
- Unit 1:Dedicated Electric Meter: Yes
- 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: First
- 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: 1.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: Yes
- 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:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 1.00
- Unit 3:# of Bedrooms: 1.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: Yes
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: Second
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 1.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: Yes
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 4
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 8 Thomas Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 6, 2026 | Listed (Active) Maine Listings #1651300 | $380,000 | — |
| Sep 6, 2024 | Expired Maine Listings #1584232 | $35,000 | — |
| Mar 11, 2024 | Listed (Active) Maine Listings #1584232 | $45,000 | — |
| Oct 22, 2018 | Sold Maine Listings #1336862 | $25,500 | — |
| Sep 28, 2018 | Pending Maine Listings #1336862 | — | |
| Sep 27, 2018 | Active Under Contract Maine Listings #1336862 | — | |
| Jan 22, 2018 | Listed (Active) Maine Listings #1336862 | $75,000 | — |
| Jun 15, 2004 | Expired Maine Listings #706143 | $86,500 | — |
| May 15, 2004 | Listed (Active) Maine Listings #706143 | $86,500 | — |
| Nov 25, 2002 | Sold Maine Listings #586111 | $72,222 | — |
| Nov 24, 2002 | Active Under Contract Maine Listings #586111 | — | |
| Oct 2, 2002 | Listed (Active) Maine Listings #586111 | $65,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/06/2026 | Listed (Active) Maine Listings #1651300 | $380,000 |
| 09/06/2024 | Expired Maine Listings #1584232 | $35,000 |
| 03/11/2024 | Listed (Active) Maine Listings #1584232 | $45,000 |
| 10/22/2018 | Sold Maine Listings #1336862 | $25,500 |
| 09/28/2018 | Pending Maine Listings #1336862 | — |
| 09/27/2018 | Active Under Contract Maine Listings #1336862 | — |
| 01/22/2018 | Listed (Active) Maine Listings #1336862 | $75,000 |
| 06/15/2004 | Expired Maine Listings #706143 | $86,500 |
| 05/15/2004 | Listed (Active) Maine Listings #706143 | $86,500 |
| 11/25/2002 | Sold Maine Listings #586111 | $72,222 |
| 11/24/2002 | Active Under Contract Maine Listings #586111 | — |
| 10/02/2002 | Listed (Active) Maine Listings #586111 | $65,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8 Thomas Street
Taxable ValueLand$35,300Additions$94,400Total$129,700
Tax Record2024$2,088 ($174 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,012 SqFtAbove Grade Finished SqFt2,012 SqFtStories2Lot Size21,780 SqFtStyleSingle Family ResidenceZoningRES INCountySOMERSETAPNMADN M:021 L:187
Schools near 8 Thomas Street
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.
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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 The Maine Real Estate Experience
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.
