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45 Madison Avenue, Madison, ME 04950

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For Sale

$285,000

2 baths • 2,304 sqft

Estimated Payment

$ 1,698 /mo. †

6.67% APR for 30 yrs.
$2,772 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • $123.70
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

12913 - Prime investment opportunity downtown Madison. This beautifully remodeled 2-unit apartment (2023-2024) is perfect for homeowners or savvy investors! Each unit offers 2-bedrooms 1 bath. The home could be converted to a 4-bedroom residential home if desired. This unit sits on a desirable corner lot with two separate driveways. Recent upgrades include new high efficiency hot water heaters and a new oil-fired burner for worry-free living. Live in one unit and rent the other to offset your mortgage. Build equity and generate rental income. Madison Electric for affordable power. Call for your showing today.
MLS# 1614162

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

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Attic
  • Architecture Style
    Colonial
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Tile, Wood
  • Heating System
    Baseboard, Hot Water
  • Lot Size
    0.13 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 45 Madison Avenue, Madison, ME 04950

Home seller CENTURY 21 Nason Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Nason Realty, Inc.

(207) 873-2119
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,467
  • Property Taxes
    $231
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,698

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

Schools

Madison Elementary School

Grades PK-4 Public School

Madison, ME 04950 0.5 miles
43 learners ln

202 total students
10:1 Student teacher ratio

School Rating: F

School Details

Madison Junior High School

Grades 5-8 Public School

Madison, ME 04950 0.4 miles
205 main st

165 total students
9:1 Student teacher ratio

School Rating: D+

School Details

Madison Area Memorial High School

Grades 9-12 Public School

Madison, ME 04950 1.7 miles
486 main st

204 total students
11:1 Student teacher ratio

School Rating: D

School Details
Other Nearby Schools Distance Type Grades School Rating
Garret Schenck School 0.6 miles Public PK-5 B-
Carrabec Community School 4.1 miles Public PK-8 D+
Carrabec High School 4.3 miles Public 9-12 D+

Garret Schenck School

Distance: 0.6 miles

Type Public

Grades: PK-5

B-

Carrabec Community School

Distance: 4.1 miles

Type Public

Grades: PK-8

D+

Carrabec High School

Distance: 4.3 miles

Type Public

Grades: 9-12

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 Madison, ME 04950

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Madison, ME 04950

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

79° July
Hottest Average Month
4° January
Coldest Average Month
2,003 Total Households in Area
1.1% Increase in population since the year 2010
17.2%
of households
have children
23 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 Madison, ME 04950

Madison, ME 04950 has a population of 4,799 people in 2,003 households with a median age of 48.5 years old.

1.1%
Increase in population
since the year 2010
Population is Trending up
1,984
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 48.5 years old. The smallest percentage group is 45-54 years and the largest percentage is the 0-5 years age range.

Community Population By Ethnicity

White 93%
Hispanic 2%
Black <1%
Other <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 93%, followed by Hispanic at 2%, Black at <1%, and Other at <1%.

Economics
for Madison, ME 04950

87 /sq mi
Population Density
$45,835 /yr
Median Household Income
$205,000
Median Sales Price
23 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 $50-74,999k representing 20.86% of the households.

Transportation to Work

  • Drive 88%
  • Work from Home 12%
  • Walk or Bike 0%
  • Public Transit 0%

Occupancy by Type

Owned 1,519 63%
Rented 484 20%
Vacant 396 17%

White vs Blue Collar Jobs







White Collar 66%
Blue Collar 34%

Family & Education Facts
for Madison, ME 04950

48.5 Median Age

Average Household Size

2.3
persons per
household

49.4%

Married Households

Community Population By Education

High School Graduate 45%
Some College 19%
Associates Degree 14%
Bachelors Degree 13%
Some High School 6%
Graduate Degree 2%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 44.78% 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)
17.2% of households have children

Weather
for Madison, ME 04950

The weather for this area ranges from a high of 79° F in July to a low of 4° F in January

79° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
27°
Feb
5°
30°
Mar
17°
39°
Apr
30°
51°
May
40°
65°
Jun
50°
74°
Jul
55°
79°
Aug
53°
78°
Sep
45°
69°
Oct
35°
57°
Nov
26°
43°
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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