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118 Ferry Street Madison, IN $ 479,900
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118 Ferry Street
$ 479,900
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118 Ferry Street

Madison, IN, 47250
$ 479,900
Bedrooms3 Baths3.0 Sq 1,494

Monthly Estimate*

$ 3,030

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Single Family Home for sale in Madison, IN

for $479,900 with 3 bedrooms and 3 full baths. This 1,494 square foot home was built in 1900 on a lot size of 0.07.

Located just one block from the Ohio Riverfront, this turnkey triplex investment property offers three updated rental units and multiple income streams through existing tenants and a proven AirBnB operation. Unit 1 and 2 feature comfortable one-bedroom layouts with full kitchens, living rooms, and baths, while Unit 3 offers a studio setup with a full bath. Each unit has been thoughtfully updated with luxury vinyl plank flooring, granite countertops, new cabinetry, and stainless-steel appliances within the last 4 years. Additional recent improvements include a newer roof (2023), newly paved patio (2023), new water heaters (Unit 2 & 3), and an added water softener, ensuring low-maintenance ownership for years to come. With off-street parking, attractive river views, and a location that puts residents within walking distance of the waterfront, this is an investment opportunity you won't want to miss!

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Single Family Active

Price

$ 479,900

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 962

Style

Lot Size

0.07

Year Built

1900

Town/City

Madison

County/Region

Jefferson

MLS | Web ID

202609731
Features
General
Sewer Public Sewer
Heating Forced Air Heat Pump
Cooling Central Air Wall Unit(s)
Possession Close Of Escrow
Roof Shingle
Appliances Dryer Dishwasher Freezer Microwave Oven Range Refrigerator Water Softener Washer
Zoning Residential Commercial
Patio/Porch Features Balcony Covered Patio Porch
Architectural Style Two Story
Construction Materials Frame Vinyl Siding
Year Built 1900
View River
Stories Count 2
Township Madison
Levels Two
Property Subtype Residential
County Jefferson_IN
New Construction false
Property Type Residential
HOA false
Garage Y/N false
Total Rooms 0
Full Baths 3
Status Active
Directions From Downtown Madison go through Main St. Turn left on E Second St and continue on Park Eve. Turn right onto Ferry St. Triplex will be on the left at corner of Ferry & Filmore St.
City Madison
Zoning Description Residential Commercial
MLS Area Downtown
Lot Size Units Acres
Lot Size Square Feet 3049.2
Listing Terms Cash Conventional
Tax Annual Amount 962
Lease Considered Y/N false
Structure Type Triplex
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Residential
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Interior
Interior Amenities Kitchen Island Main Level Primary Open Floorplan Pantry Separate Shower Utility Room
Basement Crawl Space
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1494
Half Baths 0
Laundry Features Main Level Laundry Room
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 3
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Exterior
Exterior Amenities Balcony Porch Patio
Water Source Connected Public
Lot Size Area 0.07
Foundation Details Crawlspace
Building Area Total 1494
Lot Size Acres 0.07
Road Surface Type Paved
Other Parking Off Street
Lot Size Source Assessor
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* Excluded Features
List By
Maleha Jones

Listing Agent

F.C. Tucker/Scott Lynch Group

Broker

maleha.jones@talktotucker.com

Email

Affordability Calculator

$3,110
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,030
Monthly Property Taxes
$80
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
6/30/2026$479,900 Listed Price

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118 Ferry Street, Madison, IN, 47250 is a Single Family Home for sale at $479,900 with 1,494 sqft and a lot size of 0.07. 118 Ferry Street has 3 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 47250 which is in Madison, IN

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