USAMEMadisonN/a8 Thomas Street
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8 Thomas Street, Madison, ME

Real Estate

For Sale

Listed price in listed location currency (USD).
$380,000

040

MLS® 1651300

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 2012 sqft
Garage No
HOA Fees 
Taxes $1,103
Days Active 16
Approx. Age 1900
Avg. Price Per Sqft $188
MLS® Number 1651300

Property Address: 8 Thomas Street, Madison, ME, 04950

Average square foot calculated using Size range provided by listing agent.

Description

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 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. This property is currently operating successfully as a short-term vacation rental on platforms including Airbnb and Vrbo, providing a strong, established, source of supplemental income for the owner.
MLS® Number1651300
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup
Exposure
Exterior
GarageNo
Approx. Age1900
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 6, 2026List Date
$380,000List Price
  • Commute

Commute

Starting Address
Destination Address
8 Thomas Street, Madison, ME

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