8 Thomas ST, Madison, ME 04950
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8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
8 Thomas ST, Madison, ME 04950
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Listed by The Maine Real Estate Experience
$ 380,000
Active

8 Thomas ST Madison, ME 04950

4 Baths

2,012 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 2,012 sqft

MLS Listing ID 1651300

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,012

Year Built 1900

Annual Tax Amount $1,103

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Source Maine Listings

Land Area 2012

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.

Location

State ME

County Somerset

Zoning None

Rooms

Basement Interior, Brick/Mortar, Sump Pump, Unfinished

Interior

Interior Features Walk-in Closets, Attic, Shower, Primary Bedroom w/Bath

Heating Hot Water, Direct Vent Heater

Cooling Window Unit(s)

Flooring Vinyl, Tile, Laminate

Appliance Tankless Water Heater

Laundry Washer Hookup

Exterior

Parking Features 5 - 10 Spaces, Gravel, Off Street

Utilities Available 1

View Y/N No

Roof Type Metal

Street Surface Paved

Porch Deck, Patio

Garage No

Building

Lot Description Level, Intown, Near Town, Neighborhood

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Wood Siding,Aluminum Siding,Wood Frame

Schools

School District Rsu 59/Msad 59

Others

Restrictions Unknown

Energy Description Propane

Virtual Tour https://tours.elevateaerialandphotography.com/idx/307705


Maine MLS (MREIS) IDX
Jeffrey Jolicoeur

Jeffrey Jolicoeur

Team Leader, Broker | BR916783

+1(207) 649-6893

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8 Thomas ST