Prime downtown Madison investment opportunity! This corner-lot property is ideally located just one block from the Ohio River and beautiful Bicentennial Park. Offering two units — a 1-bedroom, 1 full bath and a 2-bedroom, 1 full bath — this property is perfect for investors, short-term rental potential, or convert to a single family home. Recent big-ticket updates include a 3-year-old roof, two brand-new water heaters (only 4 months old), and furnaces that are just 4 years old — helping reduce near-term maintenance costs. Enjoy walkable access to local shops, dining, riverfront views, and all that historic downtown Madison has to offer. A turnkey opportunity in a highly desirable location! Home is being sold "AS IS".
Sold for $200,000
$200,000
130 Mulberry Street, Madison, IN 47250
3beds
1,985sqft
Single Family Residence
Built in 1900
7,056.72 Square Feet Lot
$-- Zestimate®
$101/sqft
$1,886 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,886/mo
Zestimate® history
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$1,886/mo
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$1,886/mo
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$1,265/mo
Est. payment
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$1,265/mo
Est. payment
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List your homeWhat's special
Corner-lot propertyBeautiful bicentennial park
Zillow last checked:
Listing updated:
Listed by:
Christi Sauley-Kernen,
F.C. Tucker/Scott Lynch Group
Bought with:
Ellen Stevens, RB25000785
eXp Realty, LLC
Source: SIRA,MLS#: 202606294
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Description: Apt 1
- Level: First
- Dimensions: 11.2 x 15.2
Bedroom
- Description: Apt 2
- Level: First
- Dimensions: 11 x 12.9
Bedroom
- Description: Apt 2
- Level: First
- Dimensions: 9.9 x 13
Kitchen
- Description: Apt 1
- Level: First
- Dimensions: 13.1 x 10.11
Kitchen
- Description: Apt 2
- Level: First
- Dimensions: 11.5 x 15
Living room
- Description: Apt 1
- Level: First
- Dimensions: 15.11 x 16.6
Living room
- Description: Apt 2
- Level: First
- Dimensions: 16.2 x 13.3
Other
- Description: Apt 1 Utility
- Level: First
- Dimensions: 4.11 x 6.6
Other
- Description: Bathroom/ utility
- Level: First
- Dimensions: 6.9 x 12.4
Other
- Description: Apt 2
- Level: First
- Dimensions: 11.5 x 6.9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
- Laundry: Main Level, Laundry Room
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,985
- Total interior livable area: 1,985 sqft
- Finished area above ground: 1,985
- Finished area below ground: 0
Property
Parking
- Details: On Street
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
Lot
- Size: 7,056 sqft
- Features: Corner Lot
Details
- Parcel number: 391302244007000007
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & neighborhood
Location
- Region: Madison
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Sold | $200,000-13%$101/sqft |
Source:  SIRA #202606294 Report a problem | ||
| 3/30/2026 | Listed for sale | $229,900-9.8%$116/sqft |
Source: SIRA #202606294 Report a problem | ||
| 3/18/2026 | Listing removed | $255,000$128/sqft |
Source: SIRA #202606294 Report a problem | ||
| 3/2/2026 | Listed for sale | $255,000+70%$128/sqft |
Source: SIRA #202606294 Report a problem | ||
| 12/3/2020 | Listing removed | $150,000$76/sqft |
Source: eXp Realty, LLC #202007241 Report a problem | ||
| 8/13/2020 | Price change | $150,000-3.2%$76/sqft |
Source: EXP Realty LLC #1558079 Report a problem | ||
| 4/24/2020 | Listed for sale | $155,000$78/sqft |
Source: eXp Realty, LLC #202007241 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,214 | $101,600 -8.2% |
| 2024 | $2,214 +55.9% | $110,700 |
| 2023 | $1,420 +13.4% | $110,700 +55.9% |
| 2022 | $1,252 | $71,000 +13.4% |
| 2021 | $1,252 | $62,600 |
| 2020 | $1,252 | $62,600 |
| 2019 | $1,252 +0.8% | $62,600 |
| 2018 | $1,242 | $62,600 +0.8% |
| 2017 | $1,242 -4% | $62,100 |
| 2016 | $1,294 -0.6% | $62,100 -4.6% |
| 2014 | $1,302 +0.6% | $65,100 +0.6% |
| 2013 | $1,294 -21.5% | $64,700 -21.5% |
| 2012 | $1,648 +73.5% | $82,400 +73.5% |
| 2011 | $950 | $47,500 |
| 2010 | $950 | $47,500 |
| 2009 | $950 -19% | $47,500 +3.7% |
| 2007 | $1,173 +3.4% | $45,800 -0.2% |
| 2006 | $1,135 | $45,900 -0.2% |
| 2005 | -- | $46,000 |
Find assessor info on the county website
Neighborhood: 47250
Nearby schools
GreatSchools rating
- 9/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.8 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 3 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 130 Mulberry Street
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