Sold for $300,000

$300,000

727/733 W Third, Madison, IN 47250

7beds

6,684sqft

Triplex, Multi Family

Built in 1840

-- sqft lot

$308,600 Zestimate^®

$45/sqft

$1,508 Estimated rent

Home value

$308,600

Estimated sales range

Not available

$1,508/mo

Zestimate^® history

Owner options

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$1,508/mo

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$1,508/mo

Rent Zestimate^®

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$1,778/mo

Est. payment

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$1,778/mo

Est. payment

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What's special

OPPORTUNITY at a scale an investor can appreciate. If you are wanting rental investments, why not acquire 7 units? Madison has maintained rentals in this classic set of tri-plexes for 150+ years, and the owners of this property have made necessary updates, but want to let YOU carry this one forward. If you are seeking funds toward rehabbing the buildings, at this location there are two separate parcels, and therefore you could receive two grants. There is potential for historic contributions on the grounds of this property being a part of the Underground Railroad. The history is alleged, and at this time the listing agent does not have documentation of this history. The sale of this Real Estate is to be AS-IS, but buyers are welcome to thorough inspections.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 10
Full bathrooms: 7
1/2 bathrooms: 3

Heating

Forced Air

Cooling

Central Air

Features

Has basement: Yes
Number of fireplaces: 3
Fireplace features: Decorative

Interior area

Total structure area: 6,684
Total interior livable area: 6,684 sqft
Finished area above ground: 6,684
Finished area below ground: 0

Property

Parking

Details: Off Street

Features

Levels: Two
Stories: 2
Frontage length: 127

Lot

Size: 0.50 Acres

Details

Additional structures: Shed(s)
Additional parcels included: 390834444081.000007
Parcel number: 390334444082
Zoning: Residential
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Historic/Antique,Two Story
Property subtype: Triplex, Multi Family
Attached to another structure: Yes

Materials

Brick
Foundation: Stone, Cellar
Roof: Shingle

Condition

Resale
New construction: No
Year built: 1840

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & neighborhood

Community

Community features: Sidewalks

Location

Region: Madison
Subdivision: McIntiers Add

Other

Other facts

Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
11/5/2025	Sold	$300,000-24.8%$45/sqft
Source: SIRA #2025010231 Report a problem
9/23/2025	Price change	$399,000-13.1%$60/sqft
Source: SIRA #2025010231 Report a problem
8/12/2025	Listed for sale	$459,000$69/sqft
Source: SIRA #2025010231 Report a problem