Located in the vibrant heart of downtown Madison, this 3 bedroom, 1.5 bath brick two-story offers charm, flexibility, and investment potential. The spacious living room and formal dining room with wood floors create a warm and inviting atmosphere, while the enclosed back patio provides privacy. Upstairs features three bedrooms, family room, and a full bath/utility. Currently set up as an Airbnb/short-term rental, this property is uniquely set up to allow commercial rental of the front downstairs area, while maintaining private living quarters at the rear and upper level. Whether you are looking for a primary residence, investment or both this property has it all. This property has been previously inspected and no major defects were found. Located in the vibrant heart of downtown Madison, this 3 bedroom, 1.5 bath brick two-story offers charm, flexibility, and investment potential. The spacious living room and formal dining room with wood floors create a warm and inviting atmosphere, while the enclosed back patio provides privacy. Upstairs features three bedrooms, family room, and a full bath/utility. Currently set up as an Airbnb/short-term rental, this property is uniquely set up to allow commercial rental of the front downstairs area, while maintaining private living quarters at the rear and upper level. Whether you are looking for a primary residence, investment or both this property has it all. This property has been previously inspected and no major defects were found. At a full price offer, seller will leave all furnishings.
Sold for $320,000
$320,000
309 Jefferson St, Madison, IN 47250
3beds
2,112sqft
Single Family Residence
Built in 1855
1,742.4 Square Feet Lot
$330,200 Zestimate®
$152/sqft
$1,877 Estimated rent
Home value
$330,200
Estimated sales range
Not available
$1,877/mo
Zestimate® history
Owner options
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$1,877/mo
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$1,877/mo
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$1,897/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jim Pruett 812-701-1000,
EXP Realty LLC
Bought with:
NON MEMBER
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1685808
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Second
- Area: 209.25
- Dimensions: 15.50 x 13.50
Bedroom
- Level: Second
- Area: 125.43
- Dimensions: 11.30 x 11.10
Bedroom
- Level: Second
- Area: 215.46
- Dimensions: 17.10 x 12.60
Dining room
- Description: Built-in shelves, Stairs to second floor
- Level: First
- Area: 193.17
- Dimensions: 14.10 x 13.70
Family room
- Level: Second
- Area: 213.72
- Dimensions: 15.60 x 13.70
Kitchen
- Description: Door to Courtyard
- Level: First
- Area: 204.1
- Dimensions: 15.70 x 13.00
Living room
- Description: Commercial Space
- Level: First
- Area: 416.5
- Dimensions: 24.50 x 17.00
Other
- Description: Hallway, Door to Outside
- Level: First
- Area: 45.44
- Dimensions: 7.10 x 6.40
Other
- Description: Courtyard
- Level: First
- Area: 365.5
- Dimensions: 21.50 x 17.00
Other
- Description: Extra space for commercial space
- Level: Basement
- Area: 389.11
- Dimensions: 23.30 x 16.70
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished,Cellar
- Has fireplace: No
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
- Finished area above ground: 2,112
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Patio
- Fencing: Privacy
Lot
- Size: 1,742 sqft
- Features: Sidewalk
Details
- Parcel number: 391302241003000007
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 1855
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Madison
- Subdivision: None
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Listing removed | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/27/2025 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Listing removed | $365,000$173/sqft |
Source:  SIRA #2025010773 Report a problem | ||
| 9/2/2025 | Listed for sale | $365,000+14.1%$173/sqft |
Source: SIRA #2025010773 Report a problem | ||
| 6/17/2025 | Sold | $320,000-5.6%$152/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1685808 Report a problem | ||
| 5/6/2025 | Pending sale | $339,000$161/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1685808 Report a problem | ||
| 4/30/2025 | Price change | $339,000+30.9%$161/sqft |
Source: SIRA #202507603 Report a problem | ||
| 5/4/2023 | Pending sale | $259,000$123/sqft |
Source: SIRA #202307365 Report a problem | ||
| 5/2/2023 | Listed for sale | $259,000+17.8%$123/sqft |
Source: SIRA #202307365 Report a problem | ||
| 12/16/2020 | Listing removed | $219,900$104/sqft |
Source: F.C. Tucker/Scott Lynch Group #2020011641 Report a problem | ||
| 11/4/2020 | Listed for sale | $219,900$104/sqft |
Source: F.C. Tucker/Scott Lynch Group #2020011641 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,248 +100% | $121,700 +8.3% |
| 2024 | $1,124 +1.1% | $112,400 |
| 2023 | $1,112 +8.2% | $112,400 +1.1% |
| 2022 | $1,028 +1% | $111,200 +8.2% |
| 2021 | $1,018 | $102,800 +1% |
| 2020 | $1,018 | $101,800 |
| 2019 | $1,018 -31.3% | $101,800 |
| 2018 | $1,482 +100.5% | $101,800 +19.3% |
| 2017 | $739 -1.2% | $85,300 -3.1% |
| 2016 | $748 -67.3% | $88,000 +0.2% |
| 2014 | $2,285 | $87,800 |
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: 2.7 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 2.9 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 309 Jefferson St
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