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Residential > Multi-family
Active
05/02/2025
List Price
$325,000$87/ft²

424 2nd St
Madison, IN 47250

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  • Malobo BannerMalobo Banner Square
    424 2nd St, Madison, IN 47250 is a 4 bed, 5 bath, 3,716 ft² multi-family home house built in 1840 on a 0.111 acre lot. This multi-family home is currently on the market for $325,000.

    MLS Description

    The listing agent's description. Original Listing

    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 optionsmaintain 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.

    Listing Agents

    The listing agent for 424 2nd St is Jim Pruett.

    Current Ownership

    Information about the current owner(s).

    Property History

    424 2nd St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 424 2nd St

    School Information

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    Neighborhood

    This property is located in 47250.

    Market Trends

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    Copyright © 2025 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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