Downtown Madison Investment
118 W Murphy Street Madison, NC 27025
118 W Murphy Street, Madison, NC, 27025
$750,000
For Sale
$750,000
Renovated apartments and retail space in downtown Madison, North Carolina.
Days on Market417
Property Features for 118 W Murphy Street
General Information
- Standard status
- Active
Listing Agency
REALTY ONE GROUP RESULTS REIDSVILLE
(336) 637-5058
Listed by
LIZ ECKLER
Source
Corcoran
Added: May 27, 2025 Checked: Jul 17 at 3:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY ONE GROUP RESULTS REIDSVILLE
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in downtown Madison, North Carolina. The renovation of four apartments is complete, and all are currently rented. The property includes two one-bedroom apartments and two studio apartments. Each unit features new electrical, plumbing, flooring, kitchens, and HVAC systems. There is potential to add up to four additional apartments, bringing the total to eight units. Additionally, the property includes retail space with a separate entrance, offering street visibility and rental possibilities. This setup allows an owner to receive income from both the residential and retail aspects of the property. The intended use of the property is for residential income and retail purposes.
Key Highlights
- Fully renovated apartments (4 units) are already rented and generating income.
- Potential to add up to 4 additional apartments, increasing total unit count to eight.
- Includes a retail space with high street visibility and separate entrance, offering additional income potential.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Renovated apartments and retail space in downtown Madison, North Carolina.
Where is this quadplex located?
The property is located at 118 W Murphy Street Madison, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully renovated apartments (4 units) are already rented and generating income.; Potential to add up to 4 additional apartments, increasing total unit count to eight.; Includes a retail space with **high street visibility** and separate entrance, offering additional income potential.
