Endless Possibilities in the Heart of Historic Downtown Madison! This versatile 4 unit, 2 story building is a rare opportunity for investors or visionary homeowners. Currently configured as four apartment units, the property offers a range of options—maintain it as a 4 unit rental, reimagine it as three apartments and two efficiencies, convert it into two charming single-family homes, or create a unique blend such as a primary residence on one side with short-term rentals on the other. Original trim can be found throughout property. Located in a prime downtown location, this property combines character, convenience, and exceptional potential for income or multi-generational living. There are 5 electric meters, 2 water meters and 2 meters for gas hookup if potential buyer would want gas. Property was recently inspected and no major defects were found. Tenants are month to month, 3 units are $650/mth, other unit is $460/mth.
Sold for $240,000
$240,000
422-424 2nd St E, Madison, IN 47250
4beds
3,716sqft
Single Family Residence
Built in 1840
4,791 Square Feet Lot
$245,600 Zestimate®
$65/sqft
$4,164 Estimated rent
Home value
$245,600
Estimated sales range
Not available
$4,164/mo
Zestimate® history
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$1,501/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jim Pruett 812-701-1000,
EXP Realty LLC
Bought with:
Jim Pruett, 191573
EXP Realty LLC
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1685976
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
Bedroom
- Description: Apt 4
- Level: Second
- Area: 198.72
- Dimensions: 18.40 x 10.80
Dining room
- Description: Bedroom-Apt 1
- Level: First
- Area: 244.97
- Dimensions: 18.70 x 13.10
Dining room
- Description: Bedroom-Apt 3
- Level: First
- Area: 211.28
- Dimensions: 15.20 x 13.90
Dining room
- Description: Bedroom-Apt 2
- Level: Second
- Area: 244.97
- Dimensions: 18.70 x 13.10
Kitchen
- Description: Apt 1
- Level: First
- Area: 132
- Dimensions: 12.00 x 11.00
Kitchen
- Description: Apt 3
- Level: First
- Area: 163.56
- Dimensions: 14.10 x 11.60
Kitchen
- Description: Apt 2
- Level: Second
- Area: 132
- Dimensions: 12.00 x 11.00
Kitchen
- Description: Apt 4
- Level: Second
- Area: 162.4
- Dimensions: 14.00 x 11.60
Laundry
- Description: Apt 4
- Level: Second
- Area: 71.98
- Dimensions: 11.80 x 6.10
Living room
- Description: Apt 1
- Level: First
- Area: 344.04
- Dimensions: 18.80 x 18.30
Living room
- Description: Apt 3
- Level: First
- Area: 307.58
- Dimensions: 18.20 x 16.90
Living room
- Description: Apt 2
- Level: Second
- Area: 331.24
- Dimensions: 18.20 x 18.20
Living room
- Description: Apt 4
- Level: Second
- Area: 204.24
- Dimensions: 14.80 x 13.80
Heating
- Radiant, Other
Cooling
- Wall/Window Unit(s)
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,716
- Total interior livable area: 3,716 sqft
- Finished area above ground: 3,716
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
- Fencing: None
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 391302131058000007
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame, Brick
- Roof: Shingle
Condition
- Year built: 1840
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $65/sqft
- Date on market: 6/30/2025
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Sold | $240,000-9.4%$65/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1685976 Report a problem | ||
| 11/17/2025 | Pending sale | $265,000$71/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1685976 Report a problem | ||
| 10/28/2025 | Price change | $265,000-8.3%$71/sqft |
Source:  SIRA #202507646 Report a problem | ||
| 9/9/2025 | Price change | $289,000-6.6%$78/sqft |
Source: SIRA #202507646 Report a problem | ||
| 7/31/2025 | Price change | $309,500-4.8%$83/sqft |
Source: SIRA #202507646 Report a problem | ||
| 6/30/2025 | Listed for sale | $325,000$87/sqft |
Source: SIRA #202507646 Report a problem | ||
| 6/2/2025 | Pending sale | $325,000$87/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1685976 Report a problem | ||
| 5/2/2025 | Listed for sale | $325,000$87/sqft |
Source: SIRA #202507646 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47250
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Nearby schools
GreatSchools rating
- 6/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.8 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.8 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 3 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 422-424 2nd St E
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