New Listing
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. All furnishings included and an amazing 11% cap rate! Schedule your showing today!
Details
| MLS # | 1733627 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 2 |
| Listing Provided By | EXP Realty LLC | Jim Pruett |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,360 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.03 |
Area Information
| State | IN |
|---|---|
| County | Jefferson |
| City | Madison |
| Zip Code | 47250 |
| Area | 13 Indiana |
| Listing VS Median (in 47250) | |
Price: $419,900 low | high Med: $354,900 sqft: 1,360 low | high Med: 1,367 $ / sqft: $309 low | high Med: $260 On site: 2 low | high Med: 33.5 | |
Market Activity 47250
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Learn More About This Property
| State | IN |
|---|---|
| County | Jefferson |
| City | Madison |
| Zip Code | 47250 |
| Area | 13 Indiana |
| Listing VS Median (in 47250) | |
Price: $419,900 low | high Med: $354,900 sqft: 1,360 low | high Med: 1,367 $ / sqft: $309 low | high Med: $260 On site: 2 low | high Med: 33.5 | |
Listing Updated: November 3, 2026 at 12:04:02 PM PST
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© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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