Bought with Allied Realty
$474,000
$424,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
3 Baths
3,495 SqFt
SOLD DATE : 09/30/2025
Key Details
Sold Price $474,000
Property Type Multi-Family
Listing Status Sold
Square Footage 3,495 sqft
MLS Listing ID 1616180
Sold Date 09/30/25
Style Colonial
Full Baths 2
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,495
Year Built 1900
Annual Tax Amount $3,913
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Source Maine Listings
Land Area 3495
Property Description
12920 - Madison Avenue properties are rarely for sale; this building is ready for serious consideration for your portfolio. It is a mixed-use property that has many updated capital improvements including new siding and a large, paved parking lot. The front two thirds of the first floor is being used as professional office space for an accounting firm, which is approximately 1,600 sqft. The rear portion of the first floor is a private recently renovated 2-bedroom apartment. The second level is another rent producing unit of another 2 bedrooms. The third story is cold storage at this time; however, one could explore the older apartment (has not been occupied for many years) and see what is needed for code enforcement to deem it a 4th unit. Inquire today for more details!
Location
State ME
County Somerset
Zoning Commercial
Rooms
Basement Interior, Brick/Mortar, Crawl Space, Partial, Unfinished
Interior
Interior Features 1st Floor Bedroom, One-Floor Living, Storage
Heating Heat Pump, Forced Air, Direct Vent Heater, Baseboard
Cooling Heat Pump
Flooring Vinyl, Laminate, Carpet
Equipment Internet Access Available
Laundry Laundry - 1st Floor, Main Level
Exterior
Parking Features 11 - 20 Spaces, Paved, On Site, Detached
Garage Spaces 1.0
Utilities Available 1
View Y/N No
Roof Type Pitched,Shingle
Street Surface Paved
Accessibility Level Entry
Garage Yes
Building
Lot Description Open, Level, Intown, Near Shopping, Near Town, Retail Strip
Story 3
Foundation Stone, Concrete Perimeter, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Structure Type Vinyl Siding,Wood Frame
Others
Energy Description Oil, K-1Kerosene, Electric
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