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!
Closed
$474,000
157 Madison Avenue, Skowhegan, ME 04976
7beds
3,495sqft
Multi Family
Built in 1900
-- sqft lot
$475,800 Zestimate®
$136/sqft
$-- Estimated rent
Home value
$475,800
Estimated sales range
Not available
Not available
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 02, 2025 at 10:50am
Listed by:
Allied Realty
Bought with:
Allied Realty
Source: Maine Listings,MLS#: 1616180
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Baseboard, Direct Vent Heater, Forced Air, Heat Pump
Cooling
- Heat Pump
Features
- 1st Floor Bedroom, One-Floor Living, Storage
- Flooring: Carpet, Laminate, Vinyl
- Basement: Interior Entry,Crawl Space,Partial,Unfinished,Brick/Mortar
Interior area
- Total structure area: 3,495
- Total interior livable area: 3,495 sqft
- Finished area above ground: 3,495
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved, 11 - 20 Spaces, On Site, Detached
- Garage spaces: 1
Accessibility
- Accessibility features: Level Entry
Features
- Stories: 3
Lot
- Size: 0.31 Acres
- Features: City Lot, Near Shopping, Near Town, Retail Strip, Level, Open Lot
Details
- Zoning: Commercial
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Brick/Mortar
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Skowhegan
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $474,000+11.8%$136/sqft |
Source:  Maine Listings #1616180 | ||
| 9/12/2025 | Pending sale | $424,000$121/sqft |
Source: Maine Listings #1616180 | ||
| 6/26/2025 | Price change | $424,000-1.2%$121/sqft |
Source: Maine Listings #1616180 | ||
| 5/19/2025 | Listed for sale | $429,000$123/sqft |
Source: Maine Listings #1616180 | ||
| 4/1/2025 | Pending sale | $429,000$123/sqft |
Source: Maine Listings #1616180 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04976
Nearby schools
GreatSchools rating
- NANorth Elementary SchoolGrades: PK-KDistance: 0.3 mi
- 5/10Skowhegan Area Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Skowhegan Area High SchoolGrades: 9-12Distance: 1.5 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.