422-424 E Second ST new Save Request In-Person Tour Request Virtual Tour
Madison,IN 47250
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