Attention investors and flippers! Sold AS-IS, this property offers an opportunity with two separate homes that can provide multiple income streams or serve as a multi-generational living setup. The main house has 3 bedrooms and 2 bathrooms, with hardwood floors. It also offers large gathering spaces perfect for entertaining, and a newer boiler for efficient heating. No matter your plan for this property, this home provides a solid foundation with plenty of possibilities. The smaller house is a cozy 1-bedroom, 1-bathroom unit with an open-concept living room, dining room, and kitchen. This space is ideal for tenants seeking simplicity and convenience or could be used as a guest house or home office.
With two income streams and the potential for added value through updates, this property presents a fantastic opportunity for investors or those looking for a multi-unit setup. It’s centrally located with easy access to local amenities and right off a couple of main arteries through Madison. Don’t miss out on this income-generating diamond in the rough!
Sold for $112,500
$112,500
418 NW 1st St, Madison, SD 57042
3beds
1,528sqft
Single Family Residence
Built in 1924
7,810.31 Square Feet Lot
$113,400 Zestimate®
$74/sqft
$1,587 Estimated rent
Home value
$113,400
Estimated sales range
Not available
$1,587/mo
Zestimate® history
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$1,587/mo
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$1,587/mo
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$576/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Angela J Peters,
EXIT Realty Advantage
Bought with:
Angela J Peters
Source: Realtor Association of the Sioux Empire,MLS#: 22503872
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Description: Wood floor
- Level: Upper
- Area: 169
- Dimensions: 13 x 13
Bedroom 2
- Description: Wood floor
- Level: Upper
- Area: 156
- Dimensions: 13 x 12
Bedroom 3
- Description: Wood floor
- Level: Upper
- Area: 100
- Dimensions: 10 x 10
Dining room
- Description: Hardwood floors
- Level: Main
- Area: 169
- Dimensions: 13 x 13
Kitchen
- Description: Hardwood floor
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Living room
- Description: Hardwood floors
- Level: Main
- Area: 325
- Dimensions: 25 x 13
Heating
- Hot Water
Cooling
- None
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
Features
- 3+ Bedrooms Same Level, Formal Dining Rm
- Flooring: Concrete, Vinyl, Wood
- Basement: Full
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,528 sqft
- Finished area above ground: 1,528
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Dirt Drive
- Garage spaces: 1
Features
- Levels: Two
- Patio & porch: 3-Season Porch
Lot
- Size: 7,810 sqft
- Dimensions: 55x142
- Features: City Lot
Details
- Additional structures: Additional Buildings
- Parcel number: 210400110009010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
- Subdivision: Temporary Check Back
Other
Other facts
- Listing terms: Other
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $112,500-12%$74/sqft |
Source:  Realtor Association of the Sioux Empire #22503872 Report a problem | ||
| 6/2/2025 | Pending sale | $127,900$84/sqft |
Source:  Exit Realty #22503872 Report a problem | ||
| 5/6/2025 | Price change | $127,900-5.2%$84/sqft |
Source: Realtor Association of the Sioux Empire #22500743 Report a problem | ||
| 1/31/2025 | Listed for sale | $134,900$88/sqft |
Source: Realtor Association of the Sioux Empire #22500743 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,878 +2.8% | $113,200 +0.1% |
| 2024 | $1,826 +12.7% | $113,087 +6.5% |
| 2023 | $1,621 +0.7% | $106,200 +26.6% |
| 2022 | $1,610 +3.9% | $83,900 +21.4% |
| 2021 | $1,550 +11.7% | $69,100 |
| 2020 | $1,387 | $69,100 +15.7% |
| 2019 | -- | $59,700 |
| 2018 | -- | $59,700 |
| 2017 | -- | $59,700 |
| 2016 | -- | $59,700 +44.9% |
| 2013 | -- | $41,200 |
| 2012 | -- | $41,200 |
Find assessor info on the county website
Neighborhood: 57042
Nearby schools
GreatSchools rating
- 8/10Madison Elementary School - 07Grades: K-5Distance: 0.7 mi
- 7/10Madison Middle School - 02Grades: 6-8Distance: 1 mi
- 6/10Madison High School - 01Grades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Madison ES
- Middle: Madison MS
- High: Madison HS
- District: Madison Central 39-2
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- South Dakota
- Lake County
- Madison
- 57042
- 418 NW 1st St
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