Exceptional investment opportunity in the heart of historic downtown Madison! These two contiguous buildings offer three
stories featuring over 1700sqft of open retail space combined with a total of 12 bedrooms, 3 bathrooms, a main floor office, and dedicated laundry room space. Out your front door overlooks the area beside the iconic Kindness Mural and Bicentennial Park, with convenient golf cart parking, newly renovated public parking areas, and updated streetscapes just outside your door. Main level on 313 has large open room that could be used for multiple types of business. Located in the center of booming downtown Madison, you are only steps away from shopping, restaurants, festivals, riverfront attractions, and everything this charming historic town has to offer. Whether you are looking for long-term rentals, short-term rental potential, employee housing, or a mixed-use investment, the possibilities are endless. Rare opportunity to own a large footprint in one of Indiana’s most desirable downtown districts.
For sale
$515,000
313-315 Mulberry Street, Madison, IN 47250
12beds
4,960sqft
Single Family Residence
Built in 1900
1,742 Square Feet Lot
$464,700 Zestimate®
$104/sqft
$-- HOA
What's special
Main floor officeConvenient golf cart parkingDedicated laundry room space
- 126 days
- 207
- 6
Zillow last checked:
Listing updated:
Listed by:
Van Crafton,
Coldwell Banker Harrell & Asso,
Trevor Crafton,
Coldwell Banker Harrell & Asso
Source: SIRA,MLS#: 202608867
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Description: Flooring: Laminate
- Level: Second
- Dimensions: 9 x 10
Bedroom
- Description: Flooring: Laminate
- Level: Second
- Dimensions: 9 x 16
Kitchen
- Description: Flooring: Laminate
- Level: Second
- Dimensions: 12 x 12.3
Office
- Description: Flooring: Laminate
- Level: First
- Dimensions: 16.6 x 14.4
Heating
- Space Heater
Cooling
- Window Unit(s), WallWindow Unit(s)
Appliances
- Included: Dryer, Freezer, Microwave, Refrigerator, Washer
- Laundry: Main Level, Laundry Room
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 4,960
- Total interior livable area: 4,960 sqft
- Finished area above ground: 4,960
- Finished area below ground: 0
Property
Parking
- Details: On Street
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Balcony
- Exterior features: Balcony
Lot
- Size: 1,742 Square Feet
Details
- Additional parcels included: 391302241011000007
- Parcel number: 391302241011000007
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Three Story
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Crawlspace, Stone, Cellar
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Madison
Financial & listing details
- Price per square foot: $104/sqft
- Annual tax amount: $4,363
- Date on market: 6/3/2026
- Cumulative days on market: 127 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$464,700
$441,000 - $488,000
$1,726/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $515,000$104/sqft |
Source:  SIRA #202608867 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
