8 Preble Avenue, Madison, ME 04950
FOR SALE

8 Preble Avenue
Madison, ME 04950

  • 2 Beds
  • 2 Baths
  • 1,632 sqft

$159,900

$159,900

2 Beds
2 Baths
1,632 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination
Last check for updates: about 5 hours ago
Listing courtesy of Allied Realty
Source: Maine Listings, MLS#1648987
Also Listed on Maine Listings.

Description

13047 - Well-maintained 2-unit apartment building offering an excellent opportunity for investors or owner-occupants. The first-floor unit features one bedroom, while the upper-level unit offers two bedrooms and is occupied by a long-term tenant of several years. Both units are currently rented, providing immediate income. Property includes a two-car detached garage, an additional storage shed, and a nice yard. Conveniently located close to town, shopping, and local amenities. Solid rental history and desirable location make this a strong income-producing property.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$98
Listed
119 days ago

Home Details for 8 Preble Avenue

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Doghouse,Interior Entry
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1632 Square Feet
Heating & Cooling
Heating: Direct Vent Heater,Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Direct Vent Heater
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Wood
Levels, Entrance, & Accessibility
Floors: Carpet, Laminate, Wood

Exterior Features

Exterior Home Features
Roof: MetalNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1632 Square Feet

Days on Market

Days on Market: 119

Property Information

Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Split Level

Price & Status

Price
List Price: $159,900Price Per Sqft: $98

Location

Direction & Address
City: Madison

Agent Information

Listing Agent
Listing ID: 1648987

Building

Building Area
Building Area: 1632 Square Feet

Lot Information

Lot Area: 9583.2 sqft

Miscellaneous

BasementMls Number: 1648987Above Grade Unfinished Area: 1632

Price History for 8 Preble Avenue

DatePriceEventSource
01/09/2026$159,900Listed For SaleMaine Listings #1648987
09/30/2019$74,000Sold
Maine Listings #1323413
06/18/2018$74,900Listed For SaleAgent Provided
03/29/2018$74,900ListingRemovedAgent Provided
08/29/2017$74,900Listed For SaleAgent Provided

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Property Tax and Assessment

Year2024
Tax$2,325
Assessment$144,400
Home facts updated by county records

Comparable Sales for 8 Preble Avenue

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.46
Multi-Family Home
$173,000
10/21/25
4
3
2,112
0.87
Multi-Family Home
$172,000
01/06/26
2
2
800
0.70
Multi-Family Home
$199,000
04/28/26
5
2
2,564
0.99
Multi-Family Home
$14,500
05/13/25
4
3
1,344
6.72
Multi-Family Home
$339,000
10/15/25
4
2
1,600

What Locals Say about Madison

At least 6 Trulia users voted on each feature.
  • 100 % Say yards are well-kept

  • 86 % Say parking is easy

  • 86 % Say kids play outside

  • 83 % Say it's dog friendly

  • 75 % Say there's holiday spirit

  • 75 % Say they plan to stay for at least 5 years

  • 71 % Say car is needed

  • 70 % Say people would walk alone at night

  • 67 % Say neighbors are friendly

  • 63 % Say there are sidewalks

  • 63 % Say streets are well-lit

  • 60 % Say it's walkable to grocery stores

  • 54 % Say there's wildlife

  • 50 % Say it's walkable to restaurants

  • 44 % Say there are community events

  • 40 % Say it's quiet

Learn more about our methodology.
  • Amandaroy14
    "Many families in Area, good schools, friendly townspeople, nice town events, old down home feeling to it "
  • Trulia User
    "I’ve seen a woman drive into the neighborhood and let her older dog out of the car to do his business. 2x’s so far."
  • Sharyn
    "Great area for recreation year round: boating, fishing, snow mobiling, skiing nearby, golf, summer theatre, involved summer community. Small town feeling. "

LGBTQ Local Legal Protections

Allied Realty
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
8 Preble Avenue, Madison, ME 04950 is a 2 bedroom, 2 bathroom, 1,632 sqft multi-family. This property is currently available for sale and was listed by Maine Listings on Jan 9, 2026. The MLS # for this home is MLS# 1648987.