Updated multi-use investment property offering a reliable income stream and a strong rental history. This is a rare opportunity to own and shape the future of a historic property in the heart of Madison’s growing downtown area. Located within Madison’s Social/Entertainment District, local ordinances permit outdoor dining and drinking, creating excellent potential for a vibrant and inviting atmosphere. Zoned Madison Town Center, the property allows for a wide range of permitted uses. The building currently features an occupied commercial space on the main level along with three additional occupied residential apartments, providing immediate rental income.
For sale
$599,900
106 E Murphy St, Madison, NC 27025
--beds
--baths
--sqft
SingleFamily
Built in 1935
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 120 days |
- 109 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kris Cayton 336-613-2235,
A New Dawn Realty, Inc
Source: Triad MLS,MLS#: 1212245
Originating MLS: Greensboro
Originating MLS: GreensboroLoading...
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 5,100
Property
Features
- Stories: 3
Details
- Parcel number: 119077
- Zoning: TCDMD
- Special conditions: Owner Sale
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1935
Utilities & green energy
- Gas: Available: On-Site
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $168,086
- Date on market: 3/13/2026
- Cumulative days on market: 120 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,022/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Listed for sale | $599,900 |
Source:  Triad MLS #1212245 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 27025
Nearby schools
GreatSchools rating
- 7/10Stoneville ElementaryGrades: PK-5Distance: 6 mi
- 8/10Western Rockingham MiddleGrades: PK,6-8Distance: 1.5 mi
- 4/10Dalton Mcmichael HighGrades: 9-12Distance: 2.3 mi
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- North Carolina
- Rockingham County
- Madison
- 27025
- 106 E Murphy St
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