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Listed by Jack Girard Crown Lakes Realty

$149,900

Est. payment - /mo

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2 Baths

2,600 SqFt

Active

400 E Main ST Madawaska, ME 04756

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Elevate Maine Realty

info@elevatemaine.com +1(207) 331-4565

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $57

MLS Listing ID 1679725

Full Baths 1

HOA Y/N No

Year Built 1926

Tax Year 2026

Lot Size 2,613 Sqft

Acres 0.06

Source Maine Listings

Land Area 2600

Property Description

Also listed as MLS#1677210 & #1679792. A unique and versatile Main Street investment opportunity offering approximately 2,600 square feet across three finished levels, with excellent potential to create a strong multi-family property with multiple income-producing spaces. With its flexible layout, multiple entrances and highly visible location. The upper level features a nicely renovated one-bedroom apartment with an oversized living area, full kitchen, private laundry, and an updated modern bathroom with a custom walk-in tile shower. This comfortable and updated apartment is already well suited for rental income or owner occupancy. The first floor offers an exciting opportunity to create a second residential unit. With a separate entrance, welcoming front area, and four finished rooms, the space already provides a flexible foundation for an additional apartment. With the addition of a full bathroom and the appropriate improvements and approvals, this level could become an excellent second rental unit, creating the potential for two residential units within the property. The lower level adds even more usable finished space and includes a kitchenette and bathroom, offering additional flexibility for storage, recreation, workspace, studio use, or other potential uses. Depending on an investor's vision and applicable approvals, the lower level could further enhance the property's functionality and income potential. The Main Street location also provides an opportunity for a commercial component, making this property appealing to an investor interested in a combination of residential and professional or business use. The first floor could potentially accommodate office or studio space instead of residential use, providing flexibility to adapt the property to the needs of the market. If you're looking to expand an investment portfolio, create a two-unit residential property, live in one unit while generating rental income from another this is the one!

Location

State ME

County Aroostook

Zoning Commercial

Direction Across from the public library.

Rooms

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

Interior

Heating Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned

Cooling Heat Pump

Flooring Carpet, Laminate

Furnishings Partially

Exterior

Parking Features Paved, 1 - 4 Spaces, Off Street, On Street, Garage Door Opener, Inside Entrance

Garage Spaces 1.0

Roof Type Shingle

Garage Yes

Building

Lot Description Business District, Intown, Near Shopping, Corner Lot, Rolling Slope, Sidewalks

Foundation Poured Concrete

Water Public

Architectural Style Other

Others

Tax ID MADA-000003-000000-000012

Nearby Locations

Please Contact Me For More Information.

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME 04105-1301, USA