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400 E Main Street, Madawaska, ME 04756

$169,999
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New to the Market Active
BATHS1 full SQUARE FEET2,600 MLS#1679725
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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!

400 E Main Street | MLS# 1679725

This multi-family property located at 400 E Main Street, Madawaska, ME 04756 is currently listed for sale with an asking price of $169,999. Search Madawaska real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry, Walk-Out Access, Finished, Full
Basement: Yes
Cooling: Heat Pump
Garage: 1 car attached
Heating: Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
Home Style: Other
Lot Size: 0.06 Acres
Roof Type: Shingle
Taxes: $2,057
Year Built: 1926

Feature Descriptions

Electric: Circuit Breakers
Exterior: Wood Frame, Vinyl Siding
Flooring: Carpet, Laminate
Foundation: Poured Concrete
Lot: Business District, Intown, Near Shopping, Corner Lot, Rolling Slope, Sidewalks
Parking: Paved,1 - 4 Spaces, Off Street, On Street, Garage Door Opener, Inside Entrance
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 1900
SQ FT Below Grade: 700
Water: Public

Listed By / Shown By

Listed By

Agency Name: Crown Lakes Realty
Agent Name: Jack Girard
Agency Phone: 207-436-8889

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Estimated Payment

$ 599.35 per month $378.35 Principal & Interest $171.42 Property Tax $49.58 Homeowner's Insurance

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