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157 Madison Avenue, Skowhegan, ME 04976

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For Sale

$429,000

2 baths • 1 half baths • 3,495 sqft

Estimated Payment

$ 2,529 /mo. †

6.65% APR for 30 yrs.
$3,913 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $122.75
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 1616180

Courtesy Of Allied Realty
187 Madison Ave, Skowhegan, ME 04976
(207) 474-9553

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Colonial
  • Cooling System
    Heat Pumps
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Laminate, Vinyl
  • Heating System
    Baseboard, Forced Air, Heat Pump
  • Lot Size
    0.31 Acres

Map and Directions

Directions to 157 Madison Avenue, Skowhegan, ME 04976

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $2,203
  • Property Taxes
    $326
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,529

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Bloomfield Elementary School

Grades 1-3 Public School

Skowhegan, ME 04976 1.6 miles
140 academy cir

284 total students
10:1 Student teacher ratio

School Rating: D

School Details

Margaret Chase Smith School

Grades 4-5 Public School

Skowhegan, ME 04976 0.4 miles
40 heselton st

165 total students
11:1 Student teacher ratio

School Rating: C-

School Details

North Elementary School

Grades PK-KG Public School

Skowhegan, ME 04976 0.3 miles
33 jewett st

132 total students
10:1 Student teacher ratio

School Details

Skowhegan Area Middle School

Grades 6-8 Public School

Skowhegan, ME 04976 1.5 miles
155 academy cir

445 total students
13:1 Student teacher ratio

School Rating: C

School Details

Skowhegan Area High School

Grades 9-12 Public School

Skowhegan, ME 04976 1.6 miles
61 academy cir

729 total students
13:1 Student teacher ratio

School Rating: C-

School Details
Other Nearby Schools Distance Type Grades School Rating
Community Downtown Campus 0.5 miles Public 6-12 D-
Community Early Childhood Campus 1.1 miles Public PK-KG
Somerset Career & Technical Center 1.6 miles Public
Mill Stream Elementary School 5.6 miles Public PK-6 D+

Community Downtown Campus

Distance: 0.5 miles

Type Public

Grades: 6-12

D-

Community Early Childhood Campus

Distance: 1.1 miles

Type Public

Grades: PK-KG

Somerset Career & Technical Center

Distance: 1.6 miles

Type Public

Grades:

Mill Stream Elementary School

Distance: 5.6 miles

Type Public

Grades: PK-6

D+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Skowhegan, ME 04976

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Skowhegan, ME 04976

This community’s employment is highest in the production occupations and administrative support industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
4° January
Coldest Average Month
4,388 Total Households in Area
1.5% Increase in population since the year 2010
21%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Skowhegan, ME 04976

Skowhegan, ME 04976 has a population of 10,049 people in 4,388 households with a median age of 44 years old.

1.5%
Increase in population
since the year 2010
Population is Trending up
4,336
Total households as of 2010
2.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 92%
Hispanic 1%
Asian 1%
Black <1%
Other <1%
Native American <1%
The most prevalent ethnicity is White at 92%, followed by Hispanic at 1%, Asian at 1%, and Black at <1%.

Economics
for Skowhegan, ME 04976

99 /sq mi
Population Density
$54,835 /yr
Median Household Income
$230,000
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $35-49,999k representing 16.33% of the households.

Transportation to Work

  • Drive 83%
  • Work from Home 12%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 3,018 61%
Rented 1,370 28%
Vacant 569 11%

White vs Blue Collar Jobs







White Collar 69%
Blue Collar 31%

Family & Education Facts
for Skowhegan, ME 04976

44 Median Age

Average Household Size

2.2
persons per
household

42.1%

Married Households

Community Population By Education

High School Graduate 38%
Bachelors Degree 20%
Some College 17%
Associates Degree 11%
Some High School 7%
Graduate Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.41% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21% of households have children

Weather
for Skowhegan, ME 04976

The weather for this area ranges from a high of 80° F in July to a low of 4° F in January

80° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
27°
Feb
6°
30°
Mar
17°
39°
Apr
30°
52°
May
40°
66°
Jun
50°
75°
Jul
55°
80°
Aug
53°
78°
Sep
45°
69°
Oct
35°
58°
Nov
26°
44°
Dec
12°
31°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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