About This Home

This 0-bedroom, 1-bathroom single family at 445 Main Street in Madawaska, ME is listed for $49,900. Built in 1931, on a 0.06 acres lot.

Key Features

  • Built in 1931
  • 0.06 acre lot

Property Details

1 full
1931
Listing Description

INVESTMENT OPPORTUNITY - PRICED TO SELL! Looking for an affordable investment property with plenty of potential? This versatile, fully vacant building presents an opportunity for investors, entrepreneurs, or buyers looking for a property they can make their own!

The second floor features a two-bedroom apartment with an additional room currently used for laundry that could potentially serve as a third bedroom. The apartment has benefited from renovations, including an updated bathroom approximately four years ago.

The main level previously operated as a hair salon and still features the hair-washing stations and existing plumbing, along with a break room and bathroom. This space could potentially be reopened as a salon, repurposed for another business, or converted into an additional residential unit, subject to necessary permits and approvals.

With the entire building currently vacant, the next owner has the flexibility to begin planning renovations or improvements without having to work around existing tenants. The property has been priced accordingly to reflect known structural issues with the foundation, making this an opportunity for buyers prepared to address the necessary repairs.

Whether you're looking to establish a business, create rental income, or renovate for future investment potential, this property is worth a look. Bring your ideas and explore the possibilities!

Monthly Cost Estimate

$267/mo

20% down · 6.5% · 30 years

Principal$36
Interest$216
Insurance$15

Estimates only. Actual payments may vary.

Location

445 Main Street

Madawaska, ME 04756

Questions & Answers

This 0-bedroom, 1-bathroom single family at 445 Main Street is listed at $49,900. The estimated monthly payment is $267 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.06 acre lot.

This property is listed by Mindy Braley.

MB

Mindy Braley

Agent at NextHome, Inc

Listed by NextHome, Inc · Broker phone: 2077626398 · Broker website

MLS# 1685997· Source: NextHome, Inc· 2 days on PropertySimple

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

445 Main Street, Madawaska, ME 04756

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