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8 Thomas St

Madison, Maine 04950

$380,000 - For Sale

4 Beds

4 Baths

2,500 SQ. FT.

.5 Acres

8 Thomas St

Madison, Maine 04950

$380,000 - For Sale

4 Beds

4 Baths

2,500 SQ. FT.

.5 Acres

Overview

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.

Seller is finalizing siding installation and minor touch ups for move-in readiness. 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.

Type

Multi-Family

Parking Space

5-10

Year Built

1900

Stories

Price

$380,000

MLS#

1651300

Amenities

Appliances

Full Refrigerator
Range/Oven
Stainless Steel Appliances
Washer/Dryer

Exterior Amenities

Balcony
Covered Entry Porch
Deck
Patio
Sewer - Public
Water - Public

Interior Amenities

Cooling - Window Unit
Heating - Direct Vent
Heating-Hot Water, Radiator
Tankless Water Heater

Local Weather

Virtual Tour

Hannah Brann