Residential Duplex in Madison,
For Sale
$200,000
Pending
1820 Meridian St, Madison, IN 47250
Residential duplex with income potential in Madison, Indiana.
Property Size1,672 SF
Days on Market228
Property Features for 1820 Meridian St
General Information
Standard status
Pending
Size
1,672 SF
Property subtype
Multifamily
Zoning
Residential
Building Details
Year Built
1975
Listing Agency:
NextHome Wilson Real Estate Services
Listed By:
Stephannie Wilson · License #RB14039714
(502) 643-3062
Source:
Kcrea.resimplifi
Added: Feb 10
Changed: Sep 23
Last Checked: Sep 26 at 3:43AM
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 NextHome Wilson Real Estate Services
Investment Insights
Based on property information with market context.
This residential duplex in Madison, Indiana, presents an investment opportunity. The property features two separate units, each containing 2 bedrooms and 1 full bath. One unit is currently vacant, offering immediate potential for owner-occupancy or market-rate rental income. The other unit is tenant-occupied, providing built-in income. The property requires some improvements, making it a value-add opportunity for investors or buyers looking to renovate and increase equity. The property is conveniently located near local amenities and historic downtown Madison, as well as major employers. The square footage is approximate.
Key Highlights
- Duplex with two separate units, offering flexibility for owner‑occupancy or rental income.
- One unit is currently vacant, allowing for immediate occupancy or market‑rate rental.**
- Tenant‑occupied unit provides built‑in income stream.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
152
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with income potential in Madison, Indiana.
Where is this duplex located?
The property is located at 1820 Meridian St Madison, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex with two separate units, offering flexibility for owner‑occupancy or rental income.; One unit is currently vacant, allowing for immediate occupancy or market‑rate rental.**; Tenant‑occupied unit provides built‑in income stream.
