54 Weston AVE
Multi-Family $ 265,000

54 Weston AVE

Madison, ME 04950

  • 3 Baths
    Full Baths: 3
  • 4,684 SqFt
  • 10,018 Lot Size
  • 1910 Year Built
Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss.

Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity.

The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time.

For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits.

Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 4, 684 sqft

    Price per Sqft $56

    MLS Listing ID 1672049

    Full Baths 3

    HOA Y/N No

    Year Built 1910

    Tax Year 2025

    Lot Size 10,018 Sqft

    Acres 0.23

    Source Maine Listings

    Land Area 4684

  • Location

    State ME

    County Somerset

    Zoning Res Intown

    Direction GPS Compatible

  • Rooms

    Basement Doghouse, Interior Entry, Walk-Out Access, Finished, Full, Unfinished

  • Building

    Lot Description Intown, Near Golf Course, Near Shopping, Neighborhood, Level, Open Lot, Sidewalks

    Story 2

    Foundation Granite, Poured Concrete

    Water Public

    Architectural Style Victorian

    Level or Stories 2

  • Interior

    Interior Features 1st Floor Bedroom, Attic, Bathtub, Pantry, Storage

    Heating Oil, Baseboard, Hot Water

    Cooling None

    Flooring Laminate, Vinyl, Wood

    Equipment Internet Access Available

    Laundry Washer Hookup

  • Exterior

    Parking Features Common, Paved, 5 - 10 Spaces, On Site, Garage Door Opener, Detached

    Garage Spaces 2.0

    Roof Type Metal,Shingle

    Porch Glassed-in Porch, Porch

    Garage Yes

  • Schools

    School District Rsu 59/Msad 59

  • Others

    Tax ID MADN-000021-000000-000147

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