Property Back to Results Property

422-424 E Second Street, Madison, IN 47250

$240,000
: 4
BD
: 5
BA
: 3,716
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

Sold Price: $240,000
List Price: $265,000
Status: CLOSED
Days on Market: 198
Closing Date: Dec 18, 2025
MLS#: 202507646
Subtype: Residential
Style: Historic/Antique, Two Story
Architectural Style: Historic/Antique, Two Story
Year Built: 1840
Bedrooms: 4
Bathrooms: 5
Full Baths: 5
Living Area: 3,716
Lot Size: 4,835
Acres: 0.11
MLS Area Major: Downtown

Refine Search

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.

Search All Properties

Additional Information

Taxes: $3,156
Property Description: Historic/Antique, Two Story
Zoning: Residential, Historic Dist
Appliances: Oven, Range, Refrigerator
Heating: Baseboard, Radiant
Air Conditioning: Window Unit(s), Wall/Window Unit(s)
Stories: 2
Levels: Two
Roof: Shingle