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$325,000

Est. payment - /mo

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4 Beds

5 Baths

3,716 SqFt

New

422-424 E Second ST Madison, IN 47250

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Todd Martin

todd@ampedpg.com +1(502) 265-4776

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,716 sqft

Price per Sqft $87

MLS Listing ID 202507646

Style Historic/ Antique, Two Story

Bedrooms 4

Full Baths 5

Construction Status Resale

Abv Grd Liv Area 3,716

Year Built 1840

Annual Tax Amount $3,156

Lot Size 4,835 Sqft

Acres 0.111

Property Sub-Type Duplex

Property Description

Endless Possibilities in the Heart of Historic Downtown Madison! This versatile 4 unit, 2 story building is a rare opportunity for investors or visionary homeowners. Currently configured as four apartment units, the property offers a range of options—maintain it as a 4 unit rental, reimagine it as three apartments and two efficiencies, convert it into two charming single-family homes, or create a unique blend such as a primary residence on one side with short-term rentals on the other. Original trim can be found throughout property. Located in a prime downtown location, this property combines character, convenience, and exceptional potential for income or multi-generational living. There are 5 electric meters, 2 water meters and 2 meters for gas hookup if potential buyer would want gas. Property was recently inspected and no major defects were found. Tenants are month to month, 3 units are $650/mth, other unit is $460/mth.

Location

State IN

County Jefferson_ I N

Area Downtown

Zoning Residential,Historic Dist

Direction From Jefferson Street, head East on Second. Property will be located on the right at the corner of Second and East Street.

Rooms

Basement Unfinished

Interior

Heating Baseboard, Radiant

Cooling Window Unit(s), Wall Window Unit(s)

Fireplace No

Appliance Oven, Range, Refrigerator

Exterior

Water Access Desc Connected,Public

Roof Type Shingle

Street Surface Paved

Building

Dwelling Type Duplex,Quadruplex

Entry Level Two

Sewer Public Sewer

Water Connected, Public

Architectural Style Historic/Antique, Two Story

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 391302131058000007

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by eXp Realty, LLC