8 Thomas Street, Madison, ME 04950 (MLS # 1651300)

View Virtual Tour PRICE $380,000 BEDS 0 BATHS 4 HOME SIZE 2,500 sqft LOT SIZE 21,780 sqft Request More Info Schedule a Showing

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.