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Madison, IN Apartment Buildings for Sale

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Contiguous Three-Story Multifamily Buildings
Updated: Jun 5
Contiguous Three-Story Multifamily Buildings

313-315 Mulberry Street, Madison, IN 47250

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Two contiguous three‑story buildings in downtown Madison
Total of 12 bedrooms and 3 bathrooms across the buildings
On‑site main floor office
Dedicated laundry room space
Front location overlooks the area beside the Kindness Mural and Bicentennial Park
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Small Multifamily Apartment Building
Updated: Nov 17, 2019
Small Multifamily Apartment Building

534 Miller Street, Madison, IN 47250

$375,000
3,382 sqft
Brick, frame multi‑unit property with 3 one‑bedroom units and 2 two‑bedroom units
Each 1‑bedroom unit is 490 SF; 534 Miller includes two two‑bedroom units
Year built 1976
Paved road access on a dead‑end street
Newer roof and HVAC, plus appliances including microwave, oven, range, and refrigerator
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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Madison, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Fully Leased 10-Unit Apartment Building
Fully Leased 10-Unit Apartment Building

Scottsburg, IN 47170

$795,000
4,531 sqft 0.35 AC lot

Turnkey multifamily property with renovated units and ample parking on a corner lot in Vienna.

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Louisville 11-Plex Apartment Building
Louisville 11-Plex Apartment Building

2515 Brownsboro Rd, Louisville, KY 40206

$1,200,000
16,956 sqft

Three-story brick 11-unit apartment building at Hite and Brownsboro.

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Renovated Louisville Apartments For Sale
Renovated Louisville Apartments For Sale

401 Kenilworth Road |, Louisville, KY 40206

$1,250,000
0.40 AC lot

Thirteen fully occupied units in desirable Louisville location.

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Renovated Apartment Complex Investment Opportunity
Renovated Apartment Complex Investment Opportunity

513 N. GARDNER ST, Scottsburg, IN

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4,531 sqft 0.44 AC lot

Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Retail-Zoned Development Land Opportunity
Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Madison, IN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Madison, IN on our real estate platform. These investment opportunities span a total of 3,382 square feet of properties for sale, with an estimated market value of $375,000.

Sale prices for two-family homes in Madison, IN average $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 23K
Population Growth (5Y) +4.7%
Median Household Income $56,667
College Educated 25.8%

High-Yield Neighborhoods for Investment

Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47250 $482.5K

Taxes & Financing

Tax Rate (average for all types) 2.59%
Property Tax per SF $39.41 per SF
Average Loan-to-Value 65.0%

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