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118 Ferry Street, Madison, IN 47250

Madison
Local realty services provided by:CENTURY 21 River Valley Real Estate, Inc.
118 Ferry Street,Madison, IN 47250
$479,900
  • 3 Beds
  • 3 Baths
  • 1,494 sq. ft.
  • Single family
  • Active
Listed by: maleha jones
Office: f.c. tucker/scott lynch group
MLS#:202609731
Source:IN_SIRA

Price summary

  • Price:$479,900
  • Price per sq. ft.:$321.22

About this home

Located just one block from the Ohio Riverfront, this turnkey triplex investment property offers three updated rental units and multiple income streams through existing tenants and a proven AirBnB operation. Unit 1 and 2 feature comfortable one-bedroom layouts with full kitchens, living rooms, and baths, while Unit 3 offers a studio setup with a full bath. Each unit has been thoughtfully updated with luxury vinyl plank flooring, granite countertops, new cabinetry, and stainless-steel appliances within the last 4 years. Additional recent improvements include a newer roof (2023), newly paved patio (2023), new water heaters (Unit 2 & 3), and an added water softener, ensuring low-maintenance ownership for years to come. With off-street parking, attractive river views, and a location that puts residents within walking distance of the waterfront, this is an investment opportunity you won't want to miss!

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Home facts

  • Year built:1900
  • Listing ID #:202609731
  • Added:91 day(s) ago
  • Updated:August 13, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Bathrooms Description:Separate Shower
  • Kitchen Description:Dishwasher, Freezer, Kitchen Island, Microwave, Oven, Range, Refrigerator
  • Bedroom Description:Main Level Primary
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:1,494 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Units
  • Heating:Forced Air, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1900
  • Building area:1,494 sq. ft.
  • Lot area:0.07 Acres
  • Architectural Style:Two Story
  • Construction Materials:Frame, Vinyl Siding
  • Exterior Features:Balcony, Covered, Patio, Porch
  • Foundation Description:Crawlspace
  • Levels:2 Story

Utilities

  • Water:Connected, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$479,900
  • Price per sq. ft.:$321.22
  • Tax amount:$962

Features and amenities

  • Appliances:Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener
  • Laundry features:Dryer, Laundry Room, Main Level, Washer
  • Amenities:Open Floorplan, Pantry, Utility Room

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