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308 S Madison Street Bloomington, IN $ 499,000
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$ 499,000 Get more info
308 S Madison Street
$ 499,000
Back to search
Share Save

308 S Madison Street

Bloomington, IN, 47403
$ 499,000
Bedrooms5 Baths3.0 Sq 2,351

Monthly Estimate*

$ 3,113

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Multi-Family Home for sale in Bloomington, IN

for $499,000 with 5 bedrooms and 3 full baths. This 2,351 square foot home was built in 1930.

Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.

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Multi-Family Active

Price

$ 499,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 10,332

Style

Year Built

1930

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202524536
Features
General
Heating Forced Air
Cooling Central Air
Sewer City
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1930
New Construction No
Tenant Pays Cable Electric Heating Sewer Water
Subdivision None
Style One and Half Story
Stories Count 1.5
Township Perry
Class INVESTMENT
Type Other
Age 95
Net Income 28215
Rent Income 50700
Features Basement Cable Available Deck Open
REO No
Status Detail 0
Area Monroe County
High School Bloomington North
City Bloomington
School District Monroe County Community School C
Total Sq Ft 2754
Elementary School Fairview
Middle School Tri-North
Legal Description 015-13110-00 McPheeters Pt Lot 4
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202524536
Agent First Name Scott
Agent Last Name Owens
DOM 179
Tax Year 2025
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Interior
Basement Unfinished
Flooring Wood
Beds 5
Total Number of Units 2
Microwaves 2
Refrigerators 2
Washers 2
Dryer(s) 2
Dishwasher(s) 2
Disposal(s) 2
Above Grade Bedrooms 5
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 1
Ranges/Ovens 2
W/D Hookups 2
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Exterior
Exterior Aluminum Stone
Pool No
Number of Parking Spaces 4
Lot Size Area 8712
Lot Dimensions Rectangular
Lot Description Irregular
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Scott Owens

Listing Agent

Owens Realty Group

Broker

scott@owensrealtygroup.com

Email

Affordability Calculator

$3,974
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,113
Monthly Property Taxes
$861
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236716 Elementary School
1235877 Middle School
Bloomington North High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/10/2025$499,000 -3.85% Price Down
6/26/2025$519,000 Listed Price

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308 S Madison Street, Bloomington, IN, 47403 is a Multi-Family Home for sale at $499,000 with 2,351 sqft. 308 S Madison Street has 5 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 47403 which is in Bloomington, IN

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