54 Weston Avenue, Madison, ME 04950 (MLS # 1672049)

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!

Last Updated	7/15/2026	Year Built	1910
Garage Spaces	2.0	County	Somerset

Additional Details

AIR	None
APPLIANCES	Water Heater
BASEMENT	Finished, Full, Interior Entry, Unfinished, Walk-Out Access, Yes
CONSTRUCTION	Clapboard, Frame
GARAGE	Yes
HEAT	Baseboard, Hot Water, Oil
INTERIOR	Pantry, Storage
LOT	10019 sq ft
LOT DESCRIPTION	Level, Near Golf Course, Open Lot
LOT DIMENSIONS	0.23
MLS STATUS	Active
PARKING	Common, Paved, On Site, Garage Door Opener, Detached
SEWER	Public Sewer
STORIES	2
STYLE	Victorian
TAXES	5590
UTILITIES	Natural Gas Not Available
WATER	Public

Location

 

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