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For sale
    • $399,000

    109 Central Avenue, Madison, IN 47250

    2beds
    1,082sqft
    : 
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    Single Family Residence
    Built in 1900
    8,903 Square Feet Lot
    $-- Zestimate®
    $369/sqft
    $-- HOA

    What's special

    Rare chance to own property directly across from Historic Downtown Madison festival hub Bicentennial Park, and close to the River Walk. This property sits in the heart of the action, offering unparalleled access to all the charm and activities downtown has to offer. The house itself is in need of renovation, but it provides a blank slate for any vision. Whether you dream of restoring the existing property into a historic downtown potential as a live/work space, the possibilities are endless. It is easily one of the most visible and marketable locations for music, hydroplane racing, car shows, and the growing attractions on Madison's Riverfront.
    298 days
    |
    232
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alaina Tandy,

    Century 21 River Valley

    Source: SIRA,MLS#: 2025011117MLS LogoOriginating MLS: Southern Indiana REALTORS Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Bedroom
      • Description: Flooring: Wood
      • Level: First
      • Dimensions: 12 x 12
      Bedroom
      • Description: Flooring: Wood
      • Level: First
      • Dimensions: 15 x 11
      Other
      • Description: Flooring: Wood
      • Level: First
      • Dimensions: 8 x 4
      Kitchen
      • Description: Flooring: Wood
      • Level: First
      • Dimensions: 15 x 11
      Living room
      • Description: Flooring: Wood
      • Level: First
      • Dimensions: 17 x 19
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Laundry: In Basement, Other
      Features
      • Basement: Unfinished,Walk-Out Access
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 1,082
      • Total interior livable area: 1,082 sqft
      • Finished area above ground: 1,082
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Basement
      • Garage spaces: 1
      • Details: Off Street
      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: River, Scenic
      • Has water view: Yes
      • Water view: River
      Lot
      • Size: 8,903 Square Feet
      • Dimensions: 140 x 70
      Details
      • Parcel number: 39130223231033000007
      • Zoning: Residential,Historic Dist
      • Zoning description: Residential,Historic District

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: One Story
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Roof: Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Connected, Public

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $369/sqft
      • Tax assessed value: $1,400
      • Annual tax amount: $1,394
      • Date on market: 9/17/2025
      • Cumulative days on market: 299 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,119/mo

        Price history

        DateEventPrice
        3/30/2026Price change$399,000-6.1%$369/sqft
        Source: SIRA #2025011117 Report a problem
        10/27/2025Price change$425,000-14.8%$393/sqft
        Source: SIRA #2025011117 Report a problem
        9/17/2025Listed for sale$499,000$461/sqft
        Source: SIRA #2025011117 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021$42 +2.4%$1,400
        2020$41 +4.2%$1,400
        2019$39 +2%$1,400
        2018$39 +37.9%$1,400
        2017$28 +27.3%$1,400
        2016$22 +57.1%$1,400 +100%
        2014$14 $700
        2013$14 $700
        2012$14 $700
        2011$14 $700
        2010$14 $700
        2009$14 -21.9%$700
        2007$18 +20.8%$700 +16.7%
        2006$15 $600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: 47250

        Getting around

        77 / 100
        Very Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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