Login

228 S Madison Street, Knightstown, IN 46148

Knightstown
Local realty services provided by:CENTURY 21 Scheetz
228 S Madison Street,Knightstown, IN 46148
$120,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin lowe, david orton
Office: ellsbury group
MLS#:22098161
Source:IN_MIBOR

Price summary

  • Price:$120,000

About this home

This triplex located at 228 South Madison Street in Knightstown, Indiana. Built in 1950, the property features three units with efficient layouts and offers significant value-add potential. With one unit already renovated and ready for immediate occupancy, an investor can generate rental income while completing the remaining two units. The property consists of two 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The two-bedroom units include dedicated laundry hookups, a highly desirable amenity that enhances convenience and increases tenant demand. This asset presents a clear opportunity to maximize rental income through strategic renovations and operational improvements, allowing investors to capitalize on existing market inefficiencies. With its efficient unit mix, modern amenities, and substantial upside, this triplex represents a compelling investment opportunity for buyers seeking a high-potential asset

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing ID #:22098161
  • Added:1 day(s) ago
  • Updated:April 29, 2026 at 02:49 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1950
  • Lot area:0.17 Acres
  • Construction Materials:Brick, Stucco
  • Exterior Features:Storage Shed

Schools

  • High school:Knightstown High School
  • Elementary school:Knightstown Elementary School

Finances and disclosures

  • Price:$120,000
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 228 S Madison Street