Built around 1870, this charming 2-story Federal-style brick home is located in the heart of downtown Madison, just half a block from the Ohio River and outside the flood plain. Offering 1,668 sq ft, the home features 3–4 bedrooms and 2 full baths, blending timeless historic character with everyday convenience. Enjoy being within walking distance—or a quick golf cart ride—to local shops, dining, parks, festivals, and events.
Inside, you’ll find spacious living areas filled with natural light and classic architectural details. The flexible layout allows for everyday living on the main level with additional space upstairs for guests. Recent updates, including a newer roof, windows, and water heater, add peace of mind while leaving room to make it your own.
Outside, the low-maintenance yard includes a storage shed, with all appliances, blinds, and even lawn equipment included. Whether you're searching for a full-time residence, weekend retreat, or investment opportunity, this downtown gem offers location, charm, and versatility!
For sale
Price cut: $10K (6/8)
$264,900
115 Walnut Street, Madison, IN 47250
3beds
1,668sqft
Single Family Residence
Built in 1870
2,613 Square Feet Lot
$254,600 Zestimate®
$159/sqft
$-- HOA
What's special
Low-maintenance yardStorage shedFederal-style brick homeFlexible layoutNewer roofClassic architectural details
- 81 days |
- 722 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Tony Bilz,
F.C. Tucker/Scott Lynch Group
Source: SIRA,MLS#: 202606836
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room, Family Room
Primary bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 10.3 x 16.5
Bedroom
- Description: Flooring: Wood
- Level: First
- Dimensions: 14.9 x 15.6
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11.4 x 15.4
Other
- Level: First
Other
- Level: Second
Kitchen
- Description: Flooring: Tile
- Level: First
- Dimensions: 10.7 x 15.3
Living room
- Description: Flooring: Carpet
- Level: First
- Dimensions: 14.9 x 16
Other
- Description: Bonus room,Flooring: Carpet
- Level: Second
- Dimensions: 4.7 x 12.6
Other
- Description: Utility Room,Flooring: Vinyl
- Level: First
- Dimensions: 7.2 x 15.7
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven
- Laundry: Main Level, Laundry Room
Features
- Ceiling Fan(s), Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,668
- Total interior livable area: 1,668 sqft
- Finished area above ground: 1,668
- Finished area below ground: 0
Property
Parking
- Details: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: 391302113003000007
- Zoning: Residential,Historic Dist
- Zoning description: Residential,Historic District
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Historic/Antique,Two Story
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Madison
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $149,500
- Annual tax amount: $1,210
- Date on market: 3/23/2026
- Cumulative days on market: 82 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$254,600
$242,000 - $267,000
$1,685/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $264,900-3.6%$159/sqft |
Source:  SIRA #202606836 Report a problem | ||
| 3/23/2026 | Listed for sale | $274,900+159.2%$165/sqft |
Source: SIRA #202606836 Report a problem | ||
| 6/5/2009 | Sold | $106,052$64/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,328 +20% | $149,500 +7.9% |
| 2024 | $1,107 +100.7% | $138,500 +6.6% |
| 2023 | $552 +20.2% | $129,900 +32% |
| 2022 | $459 +16.3% | $98,400 +4.9% |
| 2021 | $395 -6.6% | $93,800 +3.1% |
| 2020 | $422 -37.2% | $91,000 |
| 2019 | $673 +7.5% | $91,000 -13.8% |
| 2018 | $626 -79.3% | $105,600 +1.8% |
| 2017 | $3,019 +75.7% | $103,700 |
| 2016 | $1,718 -2.3% | $103,700 +18% |
| 2014 | $1,758 | $87,900 |
| 2013 | $1,758 | $87,900 |
| 2012 | $1,758 | $87,900 |
| 2011 | $1,758 +136% | $87,900 |
| 2010 | $745 +10.4% | $87,900 |
| 2009 | $675 +16% | $87,900 |
| 2007 | $582 -35% | $87,900 +0.6% |
| 2006 | $894 | $87,400 +79.5% |
| 2005 | -- | $48,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 47250
Nearby schools
GreatSchools rating
- 9/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.7 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.9 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 3.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Jefferson County
- Madison
- 47250
- 115 Walnut Street
Nearby cities
Nearby zip codes
Other Madison Topics
