240 Main St

Madawaska ME 04756

1845 sq. ft.

35719.2 sq. ft.

Multi-Family

Last sold for $185,000

Daniel Demers, last sold this property on 04 November 2025 after -302 days on market.

Overview

Unique Investment Opportunity - Income-Generating Property with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space—all in one! Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business + rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work, and grow!

Features

3 bathrooms

2 carspaces

2 garage spaces

1845 sq. ft. floor area

35719.2 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Madawaska over the last 12 months, the estimated median property value of 240 Main St is $79k.

Median value

$79k

Estimated value range

$46k - $350k

Median days on market

Estimated value trend

-19%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Madawaska. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 240 Main St

2025

Sold

$185,000

04 Nov 2025 by Daniel Demers, of Sell Your Home Services

Happy sellers in Madawaska

We have insufficient information to provide an overview of customer satisfaction for Madawaska. Viewing the agent profiles, reviews and sales for Madawaska can provide insights for this location.