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Small Multifamily Apartment Building
For Sale
$375,000

534 Miller Street, Madison, IN 47250

Property features three one-bedroom units and two two-bedroom units, with newer roof, HVAC, and appliances.

Property Size3,382 SF
Price / SF$110.88
Days on Market2533

Property Features for 534 Miller Street

General Information

Standard status Active
Size 3,382 SF
Property subtype Duplex

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,320

Amenities

3
Microwave, Oven, Range, Refrigerator
Shingle
Residential
Brick, Frame
Paved Road.

Building Details

Year Built 1976
Stories 1
Listing Agency: F.C. Tucker/Scott Lynch Group
Listed By: Tony Bilz · License #RB14029672
Source: Xome
Added: Oct 2, 2019 Changed: Sep 1 Last Checked: Sep 7 at 4:37AM

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 F.C. Tucker/Scott Lynch Group

Investment Insights

Based on property information with market context.

This for-sale multifamily property includes a mix of residential units: three one-bedroom units and two two-bedroom units, with the one-bedroom units identified as 490 square feet each. The property has seen updates including a newer roof, HVAC, and appliances.

The location is described as next to Johnson Lake on a dead-end street.

The overall configuration supports a rental mix of one-bedroom and two-bedroom apartments within the small apartment building structure.

Key Highlights

  • 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

Property Analytics

Current Use

Lee's Concrete Construction Construction Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Electrical Service Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby

Demographics for 47250, IN

22,596
Population
10,534
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
211.4 sq mi
ZIP Area
107
Density / Sq Mi
$56,667
Median Household Income
$36,950
Median Earnings
$857
Median Rent
$179,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Property features three one-bedroom units and two two-bedroom units, with newer roof, HVAC, and appliances.
Where is this apartment building located?
The property is located at 534 Miller Street Madison, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 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
More about this property
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