Prime turnkey investment opportunity in the heart of historic downtown Madison! Extensively renovated in 2023, this low-maintenance 4-unit income property comes fully furnished and ready to perform from day one. Capitalizing on the high-demand traveling professional market, the property rents effortlessly to traveling nurses and corporate contractors with an established 90-day minimum lease structure. The building features an ideal layout with two units on the first floor and two on the second floor, all boasting brand-new 2023 shingles, fresh interior and exterior paint, completely remodeled interiors, and efficient PTAC heating and cooling systems. All furnishings included and an amazing 11% cap rate! Schedule your showing today!
For sale
$419,900
521 West St, Madison, IN 47250
4beds
4baths
1,360sqft
Quadruplex
Built in ----
-- sqft lot
$406,300 Zestimate®
$309/sqft
$-- HOA
What's special
Completely remodeled interiorsFully furnished
- 3 days
- 223
- 11
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jim Pruett 812-701-1000,
EXP Realty LLC
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1733627
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Heat Pump, Other
Cooling
- Wall/Window Unit(s)
Features
- Has basement: Yes
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
- Finished area below ground: 0
Property
Features
- Exterior features: None
Lot
- Size: 1,306 Square Feet
Details
- Parcel number: 391302212005.002007
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
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: $309/sqft
- Tax assessed value: $57,200
- Annual tax amount: $1,144
- Date on market: 11/3/2026
- Electric utility on property: Yes
Estimated market value
$406,300
$386,000 - $427,000
$1,462/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2026 | Listed for sale | $419,900$309/sqft |
Source:  SIRA #2026013030 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,144 | $57,200 |
| 2023 | -- | $57,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 47250
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