422-424 E Second St new Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,716 sqft
Price per Sqft $87
MLS Listing ID 1685976
Bedrooms 4
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 3,716
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1840
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Single Family Residence
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
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 Radiant,Other
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Fence None
View Y/N No
Roof Type Shingle
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Brick