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8 Thomas Street, Madison, ME 04950

$380,000
  • 8 Thomas Street, Madison, ME 04950 Main Photo

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Active
BEDS0 BATHS4 full SQUARE FEET2,012 MLS#1651300
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRSU 59-MSAD 59

Property 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.

8 Thomas Street | MLS# 1651300

This multi-family property located at 8 Thomas Street, Madison, ME 04950 is currently listed for sale with an asking price of $380,000. Thomas Street is located within the RSU 59-MSAD 59 school district. Search Madison real estate on darmstrong.spragueandcurtis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry
Cooling: Window Unit(s)
Heating: Direct Vent Heater, Hot Water
Lot Size: 0.50 Acres
Roof Type: Metal
Taxes: $1,103
Year Built: 1900

Feature Descriptions

Appliances: Tankless Water Heater
Electric: Circuit Breakers
Flooring: Laminate, Tile, Vinyl
Sewer: Public Sewer
SQ FT Above Grade: 2012
SQ FT Below Grade: 0
Water: Public

Local Schools

School District: RSU 59-MSAD 59

Listed By / Shown By

Listed By

Agency Name: The Maine Real Estate Experience
Agency Phone: 207-345-2207

Shown By

Agent Name: Dylan Armstrong
Agent Phone: (207) 441-6095
Agency Title: Sprague and Curtis Real Estate

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Estimated Payment

$ 1,048.47 per month $845.72 Principal & Interest $91.92 Property Tax $110.83 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/04/2026. The listing information on this page last changed on 03/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 03/04/2026 12:19:08 AM EST) or MREIS (last updated Wed 03/04/2026 12:15:16 AM EST). Real estate listings held by brokerage firms other than Sprague and Curtis Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



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