521 West ST, Madison, IN 47250
521 West ST, Madison, IN 47250
521 West ST, Madison, IN 47250
521 West ST, Madison, IN 47250
521 West ST, Madison, IN 47250
521 West ST, Madison, IN 47250
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Craig Eberle

Craig Eberle

+1(502) 269-6898
$ 419,900
Est. payment | /mo

4 Beds

4 Baths

1,360 SqFt

Save
$ 419,900
Est. payment | /mo
Save

4 Beds

4 Baths

1,360 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 1,360 sqft

Price per Sqft $308

MLS Listing ID 2026013030

Style Historic/ Antique, Two Story

Bedrooms 4

Full Baths 4

Abv Grd Liv Area 1,360

Annual Tax Amount $1,388

Lot Size 1,306 Sqft

Acres 0.03

Property Sub-Type Residential

Property Description

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 pushing $5,050+ per month and all furnishings included, this is the ultimate hands-off addition to your real estate portfolio and an amazing 11% cap rate! Schedule your showing today!

Location

State IN

County Jefferson_ I N

Area Downtown

Zoning Residential,Historic Dist

Direction From W Main Street turn left onto West Street, the destination will be on your left.

Interior

Heating Heat Pump, Other

Cooling Wall Unit(s)

Fireplace No

Appliance Dryer, Microwave, Refrigerator, Water Softener, Washer

Laundry Other, Upper Level

Exterior

Water Access Desc Connected,Public

Roof Type Shingle

Street Surface Paved

Building

Dwelling Type Quadruplex

Entry Level Two

Foundation Stone, Cellar

Water Connected, Public

Architectural Style Historic/Antique, Two Story

Level or Stories Two

New Construction No

Others

Tax ID 391302212005002007

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by eXp Realty, LLC

Nearby Locations

Craig Eberle
Craig Eberle

Broker Associate License ID: RB14040825

+1(502) 269-6898 | craig@bigredteam.com

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521 West ST