12974 - Income-Generating Duplex on 6.4± Acre - Steps from Shopping & Amenities. First floor unit offers 2 bedrooms, pantry/laundry, kitchen, living room, and full bath. Second floor unit offers 2 bedrooms, kitchen, living room, full bath with laundry. Great investment opportunity. Detached barn great for storage and possibly more income generation. Turnkey! Outstanding visibility and road frontage. Ideal location with a variety of use options, tap into the booming local self-storage market, modular or mobile home, or commercial venture. Close to shopping and amenities in Skowhegan. This property could be converted back to a single-family home.
Closed
$238,000
108 Lakewood Road, Madison, ME 04950
4beds
1,526sqft
Single Family Residence
Built in ----
6.4 Acres Lot
$239,000 Zestimate®
$156/sqft
$1,944 Estimated rent
Home value
$239,000
Estimated sales range
Not available
$1,944/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 31, 2025 at 12:56pm
Listed by:
Allied Realty
Bought with:
Summit Real Estate
Source: Maine Listings,MLS#: 1627562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: Second
Bedroom 4
- Level: Second
Kitchen
- Level: First
Kitchen
- Level: Second
Living room
- Level: First
Living room
- Level: First
Other
- Level: First
Heating
- Baseboard, Hot Water
Cooling
- None
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer
Features
- 1st Floor Bedroom
- Flooring: Carpet, Linoleum
- Basement: Bulkhead,Interior Entry,Full,Sump Pump,Brick/Mortar
- Has fireplace: No
Interior area
- Total structure area: 1,526
- Total interior livable area: 1,526 sqft
- Finished area above ground: 1,526
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 1 - 4 Spaces, Garage Door Opener, Storage, Underground, Basement
- Attached garage spaces: 2
Features
- Patio & porch: Porch
- Has view: Yes
- View description: Fields
Lot
- Size: 6.40 Acres
- Features: Near Golf Course, Near Public Beach, Near Shopping, Near Town, Level, Open Lot, Pasture
Details
- Parcel number: MADNM028L005
- Zoning: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse,New Englander,Other
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Metal
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private, Well
Community & neighborhood
Location
- Region: Madison
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $238,000-4%$156/sqft |
Source:  Maine Listings #1627562 Report a problem | ||
| 9/30/2025 | Pending sale | $248,000+191.8%$163/sqft |
Source: Maine Listings #1627562 Report a problem | ||
| 6/20/2025 | Price change | $85,000-54.1%$56/sqft |
Source: Maine Listings #1627581 Report a problem | ||
| 6/20/2025 | Price change | $185,000-25.4%$121/sqft |
Source: Maine Listings #1627580 Report a problem | ||
| 6/20/2025 | Listed for sale | $248,000-0.8%$163/sqft |
Source: Maine Listings #1627562 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,536 +11.3% | $157,500 +15.5% |
| 2023 | $2,278 +12.2% | $136,400 +24.9% |
| 2022 | $2,030 +0.1% | $109,200 +4.6% |
Find assessor info on the county website
Neighborhood: 04950
Nearby schools
GreatSchools rating
- 4/10Madison Junior High SchoolGrades: 5-8Distance: 6.5 mi
- 3/10Madison Area Memorial High SchoolGrades: 9-12Distance: 5.1 mi
- 2/10Madison Elementary SchoolGrades: PK-4Distance: 7 mi
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