Contiguous Three-Story Multifamily
313-315 Mulberry Street, Madison, IN 47250
For Sale
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Two contiguous three-story buildings provide 12 bedrooms, 3 bathrooms, an on-site main floor office, and dedicated laundry room space.
Property SizeContact for details
Days on Market159
Property Features for 313-315 Mulberry Street
General Information
Standard status
Property subtype
Additional Details
Office Units
Building Details
Year Built
Stories
Listing Agency:
JPAR Aspire
Listed By:
Van Crafton · License IN RB18000003
(812) 801-1480
Source:
Crexi
Added: Jun 5
Changed: Nov 2
Last Checked: Nov 8 at 9:00AM
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 JPAR Aspire
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This offering features two contiguous three-story buildings designed for residential income use, with a total of 12 bedrooms and 3 bathrooms. The configuration includes a main floor office and dedicated laundry room space, supporting day-to-day operations for tenants or an on-site manager.
Located in downtown Madison, the properties are positioned out front to overlook the area beside the Kindness Mural and Bicentennial Park. Remarks also note convenient golf cart parking and newly renovated public parking areas, along with updated streetscapes directly outside the buildings.
With the on-site office and laundry space already built in, the layout can support a range of residential operating models described by the seller, including long-term rentals, short-term rental use, employee housing, or a mixed-use approach. For buyers seeking a larger footprint within a downtown district, the combination of two connected buildings and multiple units offers a practical platform for managing separate living spaces under one ownership group.
Located in downtown Madison, the properties are positioned out front to overlook the area beside the Kindness Mural and Bicentennial Park. Remarks also note convenient golf cart parking and newly renovated public parking areas, along with updated streetscapes directly outside the buildings.
With the on-site office and laundry space already built in, the layout can support a range of residential operating models described by the seller, including long-term rentals, short-term rental use, employee housing, or a mixed-use approach. For buyers seeking a larger footprint within a downtown district, the combination of two connected buildings and multiple units offers a practical platform for managing separate living spaces under one ownership group.
Key Highlights
- Two contiguous three‑story buildings in downtown Madison
- Total of 12 bedrooms and 3 bathrooms across the buildings
- On‑site main floor office
Property Analytics
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Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Two contiguous three-story buildings provide 12 bedrooms, 3 bathrooms, an on-site main floor office, and dedicated laundry room space.
Where is this apartment building located?
The property is located at 313-315 Mulberry Street Madison, IN.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two contiguous three‑story buildings in downtown Madison; Total of 12 bedrooms and 3 bathrooms across the buildings; On‑site main floor office
