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727/733 W Third, Madison, IN 47250

$300,000
: 7
BD
: 10
BA
: 6,684
SqFt

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Sold Price: $300,000
List Price: $399,000
Status: CLOSED
Days on Market: 51
Closing Date: Nov 05, 2025
MLS#: 2025010231
Subtype: Residential
Style: Historic/Antique, Two Story
Architectural Style: Historic/Antique, Two Story
Year Built: 1840
Bedrooms: 7
Bathrooms: 10
Full Baths: 7
Half Baths: 3
Living Area: 6,684
Lot Size: 21,780
Acres: 0.50
Subdivision: Mcintiers Add
MLS Area Major: Downtown

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Property Description

OPPORTUNITY at a scale an investor can appreciate. If you are wanting rental investments, why not acquire 7 units? Madison has maintained rentals in this classic set of tri-plexes for 150+ years, and the owners of this property have made necessary updates, but want to let YOU carry this one forward. If you are seeking funds toward rehabbing the buildings, at this location there are two separate parcels, and therefore you could receive two grants. There is potential for historic contributions on the grounds of this property being a part of the Underground Railroad. The history is alleged, and at this time the listing agent does not have documentation of this history. The sale of this Real Estate is to be AS-IS, but buyers are welcome to thorough inspections.

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Additional Information

Taxes: $5,522
Property Description: Historic/Antique, Two Story
Zoning: Residential
Heating: Forced Air
Air Conditioning: Central Air
Stories: 2
Levels: Two
Roof: Shingle
Foundation: Stone, Cellar