54 Weston AVE Madison, ME 04950
UPDATED:
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
Property Description
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!
Location
State ME
County Somerset
Zoning Res Intown
Direction GPS Compatible
Rooms
Basement Doghouse, Interior Entry, Walk-Out Access, Finished, Full, Unfinished
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
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
Schools
School District Rsu 59/Msad 59
Others
Tax ID MADN-000021-000000-000147
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