This unbelievable home in historic downtown Madison has never been on the market in over 70 Years! It is a remarkable building on the corner of Elm and First St in the prime location next door to the Historic Lanier Home! Listed in the historical books as a Greek Revival/Italianate built in 1870 it appears it's original address was 418 W First St. It was a single family residence for nearly 120 years. Much of the original doors, woodwork, staircases are still in place. Currently this home is a tri-plex with the front unit being approximately 1800 sq ft ,and the other 2 units in the rear approximately 1000 sq ft. The front unit is a 2-3 bedroom, 1.5 bath, 2 story unit and the others are 1 bedroom, 1 bath. All 3 units have their own laundry rooms, HVAC, Water heaters and electric meters. There is a small yard in the rear with a small garage/storage area. The exterior of the home has been renovated in the last couple years. Perfect for an investor or home owner wanting some passive income. Come visit downtown Madison to one of the great festivals, enjoy the river views and Best Main Street in the USA and schedule a showing today!
Sold for $425,000
$425,000
208 Elm St, Madison, IN 47250
5beds
3,930sqft
Triplex, Multi Family
Built in 1870
-- sqft lot
$435,600 Zestimate®
$108/sqft
$1,637 Estimated rent
Home value
$435,600
Estimated sales range
Not available
$1,637/mo
Zestimate® history
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List your homeWhat's special
Own laundry roomsOriginal doors woodwork staircases
Zillow last checked:
Listing updated:
Listed by:
Robin Mingione,
eXp Realty, LLC
Bought with:
Lisa Hammock, RB14047973
F.C. Tucker/Scott Lynch Group
Source: SIRA,MLS#: 2025011372
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Bonus Room
Bedroom
- Description: Unit 1- hardwood underneath,Flooring: Carpet
- Level: Second
Bedroom
- Description: Unit 1,Flooring: Wood
- Level: Second
Bedroom
- Description: Unit 3 - wood underneath,Flooring: Carpet
- Level: Second
Bedroom
- Description: Unit 2,Flooring: Carpet
- Level: First
Other
- Description: Unit 1,Flooring: Vinyl
- Level: Second
Other
- Description: Unit 3,Flooring: Tile
- Level: Second
Other
- Description: Unit 2,Flooring: Tile
- Level: First
Half bath
- Description: Unit 1- basement access,Flooring: Vinyl
- Level: First
Kitchen
- Description: Unit 1,Flooring: Vinyl
- Level: First
Kitchen
- Description: Unit 3,Flooring: Tile
- Level: Second
Kitchen
- Description: Unit 2,Flooring: Tile
- Level: First
Living room
- Description: Unit 1 Living Room Entrance on 1st,Flooring: Wood
- Level: First
Living room
- Description: Unit 3- upper level entrance on Elm,Flooring: Wood
- Level: Second
Living room
- Description: Unit 2- lower level entrance on elm,Flooring: Carpet
- Level: First
Other
- Description: Unit 1- Sunroom/Dining/Bedroom,Flooring: Other
- Level: First
Other
- Description: Unit 1- Laundry,Flooring: Vinyl
- Level: Second
Other
- Description: Unit 3- Laundry,Flooring: Vinyl
- Level: Second
Other
- Description: Unit 2- Laundry- basement access,Flooring: Vinyl
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen
- Windows: Screens
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 3,930
- Total interior livable area: 3,930 sqft
- Finished area above ground: 3,930
- Finished area below ground: 0
Property
Parking
- Details: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Porch
- Exterior features: Porch, Patio
- Has view: Yes
- View description: Park/Greenbelt, River, Scenic
- Has water view: Yes
- Water view: River
Lot
- Size: 8,712 Square Feet
- Features: Adjacent To Open Space, Corner Lot, Garden
Details
- Parcel number: 391302223015000007
- Zoning: Residential,Historic Dist
- Zoning description: Residential,Historic District,Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Historic/Antique,Two Story
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Stone, Cellar
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $286,100
- Annual tax amount: $5,316
- Date on market: 9/24/2025
- Cumulative days on market: 22 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $425,000$108/sqft |
Source:  SIRA #2025011372 Report a problem | ||
| 9/25/2025 | Listed for sale | $425,000$108/sqft |
Source: SIRA #2025011372 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,316 +6.5% | $286,100 +7.6% |
| 2024 | $4,990 +8.1% | $265,800 +6.5% |
| 2023 | $4,618 +5% | $249,500 +8.1% |
| 2022 | $4,398 +3.1% | $230,900 +5% |
| 2021 | $4,266 -7.7% | $219,900 +3.1% |
| 2020 | $4,620 +17% | $213,300 -7.7% |
| 2019 | $3,948 +1% | $231,000 +17% |
| 2018 | $3,908 | $197,400 +1% |
| 2017 | $3,908 +8.6% | $195,400 |
| 2016 | $3,600 -1.1% | $195,400 +7.4% |
| 2014 | $3,640 +1.5% | $182,000 +1.5% |
| 2013 | $3,586 -13.3% | $179,300 -13.3% |
| 2012 | $4,136 +15.9% | $206,800 +15.9% |
| 2011 | $3,568 -25.4% | $178,400 -25.4% |
| 2010 | $4,784 | $239,200 |
| 2009 | $4,784 -16.5% | $239,200 +7% |
| 2007 | $5,728 +46.1% | $223,600 +0% |
| 2006 | $3,921 | $223,500 +54.9% |
| 2005 | -- | $144,300 |
Find assessor info on the county website
Neighborhood: 47250
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Nearby schools
GreatSchools rating
- 6/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.5 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 2.8 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 208 Elm St
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