Excellent investment opportunity in Madison! This residential duplex features two separate units, each offering 2 bedrooms and 1 full bath. One unit is currently vacant, providing immediate potential for owner-occupancy or market-rate rental, while the other unit is tenant-occupied, offering built-in income.
The property will need some TLC, making it a great value-add opportunity for investors or buyers looking to renovate and increase equity. Conveniently located near local amenities, historic downtown Madison, and major employers. Square footage is approximate; buyer to verify. Don’t miss this chance to own a versatile duplex with strong upside potential!
Sold for $160,000
$160,000
1820 Meridian Street, Madison, IN 47250
4beds
1,672sqft
Duplex, Multi Family
Built in 1975
-- sqft lot
$161,100 Zestimate®
$96/sqft
$1,463 Estimated rent
Home value
$161,100
Estimated sales range
Not available
$1,463/mo
Zestimate® history
Owner options
List your home for rent
$1,463/mo
Rent Zestimate®
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$1,463/mo
Rent Zestimate®
Refinance and save
$992/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$992/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Stephannie Wilson,
NextHome Wilson Real Estate
Bought with:
Jason Schafer, RB14042040
Century 21 River Valley
Source: SIRA,MLS#: 202605128
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Description: Duplex 1
- Level: First
Bedroom
- Description: Duplex 1
- Level: First
Bedroom
- Description: Duplex 2
- Level: First
Bedroom
- Description: Duplex 2
- Level: First
Other
- Description: Duplex 1
- Level: First
Other
- Description: Duplex 2
- Level: First
Kitchen
- Description: Duplex 1
- Level: First
Kitchen
- Description: Duplex 2
- Level: First
Living room
- Description: Duplex 1
- Level: First
Living room
- Description: Duplex 2
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Laundry Closet, Main Level
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,672
- Total interior livable area: 1,672 sqft
- Finished area above ground: 1,672
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Exterior features: Porch, Patio
Lot
- Size: 0.30 Acres
Details
- Parcel number: 390827113048000007
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: One Story
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick, Frame
- Foundation: See Remarks
- Roof: Rubber
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & neighborhood
Location
- Region: Madison
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Sold | $160,000-15.8%$96/sqft |
Source:  SIRA #202605128 Report a problem | ||
| 4/10/2026 | Pending sale | $190,000$114/sqft |
Source:  NextHome #202605128 Report a problem | ||
| 4/2/2026 | Price change | $190,000-5%$114/sqft |
Source: SIRA #202605128 Report a problem | ||
| 3/13/2026 | Listed for sale | $200,000$120/sqft |
Source: SIRA #202605128 Report a problem | ||
| 2/6/2026 | Pending sale | $200,000$120/sqft |
Source: NextHome #202605128 Report a problem | ||
| 1/7/2026 | Listed for sale | $200,000$120/sqft |
Source: SIRA #202605128 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,952 +22.6% | $117,800 +20.7% |
| 2024 | $1,592 +0.9% | $97,600 +22.6% |
| 2023 | $1,578 +6.8% | $79,600 +0.9% |
| 2022 | $1,478 | $78,900 +6.8% |
| 2021 | $1,478 | $73,900 |
| 2020 | $1,478 | $73,900 |
| 2019 | $1,478 +0.7% | $73,900 |
| 2018 | $1,468 -20.9% | $73,900 +0.7% |
| 2017 | $1,856 +38.5% | $73,400 -20.9% |
| 2016 | $1,340 -8.6% | $92,800 +26.6% |
| 2014 | $1,466 -3.8% | $73,300 -3.8% |
| 2013 | $1,524 | $76,200 |
| 2012 | $1,524 +12.1% | $76,200 +12.1% |
| 2011 | $1,360 +14.1% | $68,000 +14.1% |
| 2010 | $1,192 | $59,600 |
| 2009 | $1,192 -21.9% | $59,600 |
| 2007 | $1,527 -19.6% | $59,600 -22.4% |
| 2006 | $1,899 | $76,800 +19.4% |
| 2005 | -- | $64,300 |
Find assessor info on the county website
Neighborhood: 47250
Nearby schools
GreatSchools rating
- 5/10Anderson Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 0.7 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 0.9 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 1820 Meridian Street
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