521 West Street, Madison, IN 47250

Madison
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
521 West Street,Madison, IN 47250
$419,900
  • 4 Beds
  • 4 Baths
  • 1,360 sq. ft.
  • Single family
  • Active
Listed by: jim pruett
Office: exp realty, llc.
MLS#:2026013030
Source:IN_SIRA

Price summary

  • Price:$419,900
  • Price per sq. ft.:$308.75

About this home

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. Cash flow is immediate and robust: Unit 1 generates $1,300/mo (utilities included), Unit 3 is occupied by a stable long-term tenant at $1,000/mo, and Units 2 and 4 are ready to lease at $1,300/mo each. An additional $100–$150/mo in passive income is generated by the common hallway coin-operated laundry. With a total potential gross income...

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Home facts

  • Listing ID #:2026013030
  • Added:3 day(s) ago
  • Updated:November 06, 2026 at 08:54 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Kitchen Description:Microwave, Refrigerator
  • Basement:Yes
  • Living area:1,360 sq. ft.

Heating and cooling

  • Cooling:Wall Units
  • Heating:Heat Pump

Structure and exterior

  • Roof:Shingle
  • Building area:1,360 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Historic/Antique, Two Story
  • Construction Materials:Brick, Frame
  • Foundation Description:Cellar, Stone
  • Levels:2 Story

Utilities

  • Water:Connected, Public

Finances and disclosures

  • Price:$419,900
  • Price per sq. ft.:$308.75
  • Tax amount:$1,388

Features and amenities

  • Appliances:Dryer, Microwave, Refrigerator, Washer, Water Softener
  • Laundry features:Dryer, Upper Level, Washer

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