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Bean Group
Offered at $235,000Active
beds
—
baths
3
sq ft
4,684
Built
1910

54 Weston Avenue

Madison, ME 04950

About this home

Whether you're looking to owner occupy while your tenants help pay the mortgage or expand your investment portfolio, this versatile multi-unit property is one you won't want to miss. Offering over 4,500 square feet of living space, the property features one spacious 4-bedroom unit, one 3-bedroom unit, and one 1-bedroom unit, providing excellent income potential. Live in one unit and let the rental income offset much of your mortgage, or lease all three units as a strong investment opportunity. The property has seen several major updates over the past few years and is situated on a quiet road on a rare double lot. A detached two-car garage offers additional rental or storage income potential, while the unfinished attic presents an opportunity for future expansion. The current rents are below market value, offering room to increase income over time. For investors looking to maximize the property's potential, there may also be an opportunity to reconfigure the layout into four 2-bedroom units and one 1-bedroom unit, subject to municipal approval and any required permits. Properties offering this combination of size, flexibility, income potential, and future upside are hard to find. Schedule your private showing today!

Listing last checked: Listing updated:

Listed by Listing Agent · Real Broker · MLS #1672049

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Details at a glance

Interior3 property facts
Heating
Oil, Baseboard, Hot Water
Cooling
None
Flooring
Laminate, Vinyl, Wood
Building5 property facts
Style
Other
Year built
1910
Garage
2
Foundation
Granite,Poured Concrete
Roof
Metal, Shingle
Land & utilities4 property facts
Lot size
0.23 acres
Water
Public
Sewer
Public Sewer
Zoning
Res Intown
Financial2 property facts
Annual taxes
$5,590
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $235,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,654 / monthAdjust
Principal & interest
$1,188
Property tax
$466
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,590. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 54 Weston Avenue

Can I request a private showing?

Request a tour of 54 Weston Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.