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Off market
    • $220,500

    154 N Madison Ave, Hanover, IN 47243

    9beds
    3,888sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $220,500 Zestimate®
    $57/sqft
    $1,461 Estimated rent

    Home value

    $220,500

    $161,000 - $282,000

    $1,461/mo

    Zestimate® history
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    $1,374/mo

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    $1,374/mo

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    What's special

    Great location

    CASH BUYERS ONLY CLOSE QUICKLY FOR A GREAT DEAL. MAKE AN OFFER! 6 Unit Multi-Family with excellent rental history! Newer windows, separate electric meters, 4-1 BR, 1BA;1-3 BR, 1BA ; & 1-2BR, 1 BA apartments, 2 buildings total. One building contains 3008 sq ft and the second contains 880 sq ft. (Per Courthouse records). Great location next to Hanover College and convenient to everything, road frontage on Madison Ave. & Rose Maur Street with room to build additional building, plenty of off street parking. Great investment! Call today! Great rental income and potential to raise rents and force appreciation with a little TLC. Rental income over $3400/month!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Other, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Carpet, Hardwood, Laminate
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,888 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Off-street
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 0.73 Acres
    Details
    • Parcel number: 391412442019000003

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Shake / Shingle
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Hanover

    Price history

    DateEventPrice
    12/8/2021Listing removed--
    Source: Owner Report a problem
    9/23/2021Listed for sale$189,900$49/sqft
    Source: Owner Report a problem
    7/1/2021Listing removed--
    Source: Owner Report a problem
    4/2/2021Price change$189,900+11.8%$49/sqft
    Source: Owner Report a problem
    1/18/2021Pending sale$169,900$44/sqft
    Source: Owner Report a problem
    1/18/2021Listed for sale$169,900$44/sqft
    Source: Owner Report a problem
    1/18/2021Pending sale$169,900$44/sqft
    Source: Owner Report a problem
    11/25/2020Listed for sale$169,900-2.9%$44/sqft
    Source: Owner Report a problem
    4/28/2017Listing removed$174,900$45/sqft
    Source: Hoosier Hills Realty Report a problem
    10/9/2016Listed for sale$174,900-2.8%$45/sqft
    Source: Hoosier Hills Realty Report a problem
    6/19/2016Listing removed$179,900$46/sqft
    Source: RE/MAX ADVANTAGE 1 (AURORA) #284090 Report a problem
    6/18/2015Listed for sale$179,900$46/sqft
    Source: RE/MAX ADVANTAGE 1 #284090 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,364 +5.4%$131,400 +11.2%
    2024$2,242 +2.1%$118,200 +5.4%
    2023$2,196 +1.6%$112,100 +2.1%
    2022$2,162 +4.3%$109,800 +1.6%
    2021$2,072 $108,100 +4.3%
    2020$2,072 $103,600
    2019$2,072 +0.4%$103,600
    2018$2,064 -2.4%$103,600 +0.4%
    2017$2,114 -11.1%$103,200 -2.4%
    2016$2,378 -0.2%$105,700 -11.3%
    2014$2,382 +0.9%$119,100 +0.9%
    2013$2,360 $118,000
    2012$2,360 +16.6%$118,000 +16.6%
    2011$2,024 $101,200
    2010$2,024 $101,200
    2009$2,024 -2.5%$101,200 -1.6%
    2007$2,077 -1.9%$102,800 -0.2%
    2006$2,117 $103,000

    Find assessor info on the county website

    Neighborhood: 47243

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Jefferson Co
    • High: Jefferson Co

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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