This 1 bedroom, 1 bathroom single-family home located at 515 S Madison offers an affordable entry point for investors looking to add a cash-flowing property to their portfolio. The home is currently tenant-occupied at $525/month, providing immediate rental income from day one. Situated on a shared lot, this property will require a lot split, creating an excellent opportunity for buyers to add value through subdivision and future resale or redevelopment. With strong rental demand in the area and low operating costs, this property is well-suited for investors seeking steady income with upside potential. Whether you’re a seasoned investor or looking for your next rental, this property presents a unique chance to secure an income-producing home with room to grow.
231 days
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90
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6
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Zillow last checked:
Listing updated:
Listed by:
Patricia Stalder785-762-3400,
Mathis Lueker Real Estate
Source: FHARMLS as distributed by MLS GRID,MLS#: 20260024
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1
Primary bedroom
Level: Main
Kitchen
Level: Main
Living room
Level: Main
Heating
Natural Gas
Cooling
Central Air
Features
Ceiling Fan(s)
Basement: Slab
Interior area
Total structure area: 432
Total interior livable area: 432 sqft
Finished area above ground: 432
Property
Features
Exterior features: None
Pool features: None
Fencing: None
Lot
Size: 4,356 Square Feet
Details
Zoning: Residential
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence
Materials
Unknown
Condition
Year built: 1952
Community & HOA
HOA
Has HOA: No
Location
Region: Junction City
Financial & listing details
Price per square foot: $174/sqft
Annual tax amount: $2,404
Date on market: 1/5/2026
Cumulative days on market: 125 days
Road surface type: Concrete
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$673/mo
Price history
Date
Event
Price
1/5/2026
Listed for sale
$75,000$174/sqft
Source: FHARMLS as distributed by MLS GRID #20260024Report a problem