Three-Unit Property with
For Sale
$199,900
946 Saddle Tree Lane, Madison, IN 47250
Income property with separate apartment metering, shared laundry, and a two-car garage.
Property Size1,800 SF
Price / SF$111.06
Days on Market1203
Property Features for 946 Saddle Tree Lane
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Triplex
Units
Unit Mix
2 x 1BR, 1 x efficiency
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$994
Amenities
coin-operated washer and dryer
3
Washer, Dryer, Range, Refrigerator, Oven
Shingle
Attached Parking.
2 Garage Spaces.
Vinyl
0.07999999821186066
Paved Road.
Building Details
Year Built
1971
Stories
2
Listing Agency:
eXp Realty, LLC
(812) 274-0660
Listed By:
Jim Pruett · License #RB14034779
(812) 274-0660
Source:
Xome
Added: May 18, 2023
Changed: Aug 31
Last Checked: Aug 31 at 3:44PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 1,800-square-foot triplex contains two one-bedroom apartments upstairs and an efficiency apartment on the first floor. Residents share a utility area equipped with a coin-operated washer and dryer, while the apartments have separate electric meters. Appliances include ranges, refrigerators, ovens, and window air-conditioning units supplied by the tenants.
A 23-by-26-foot, two-car garage provides additional storage capacity and is currently used by the seller. One garage door has an opener. The property was built in 1971 and is accessed by a paved road. Its setting in downtown Madison places it minutes from the Madison Hilltop. Units are leased month to month, and the two longer-term occupants have remained in place for more than four years.
A 23-by-26-foot, two-car garage provides additional storage capacity and is currently used by the seller. One garage door has an opener. The property was built in 1971 and is accessed by a paved road. Its setting in downtown Madison places it minutes from the Madison Hilltop. Units are leased month to month, and the two longer-term occupants have remained in place for more than four years.
Key Highlights
- Three‑unit layout with two one‑bedroom apartments and one efficiency unit
- 1,800 SF triplex built in 1971
- 23x26 two‑car garage with additional storage capacity
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Income property with separate apartment metering, shared laundry, and a two-car garage.
Where is this triplex located?
The property is located at 946 Saddle Tree Lane Madison, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑unit layout with two one‑bedroom apartments and one efficiency unit; 1,800 SF triplex built in 1971; 23x26 two‑car garage with additional storage capacity
