629/631 Madison Street, Rochester, IN 46975
Local realty services provided by:CENTURY 21 Scheetz
Listed by: lisa goodman, abigail renie
Office: lakeshore rltrs, incr
MLS#:202607907
Source:Indiana Regional MLS
Price summary
- Price:$209,900
- Price per sq. ft.:$112.43
About this home
Prime Downtown Duplex- High-Demand Investment Opportunity: Unlock a high-performing addition to your portfolio with this well-maintained 2-unit property, perfectly situated just one block from Main Street. This prime location offers unmatched tenant appeal with an easy walk to local restaurants, shopping, The Times Theater, and the Nickel Plate Trail. This property is positioned for a gross monthly rent projection of $1,700, providing an attractive 6.8% Cap Rate for the savvy investor. Each unit features 1 bedroom and 1 bathroom with the added convenience of separate electric/gas meters and dedicated parking/storage in the detached 2-car garage. The larger south unit (#631) blends classic charm with modern updates, featuring hardwood floors in the living and dining rooms, a built-in china cabinet, a vintage-style kitchen with updated vinyl flooring, and brand-new bedroom carpeting. The north unit (#629) has been refreshed with new kitchen flooring, a new bathroom vanity, and updated bathroom flooring. The property is equipped for immediate occupancy with kitchen appliances and two window A/C units included. Tenants enjoy shared access to a locked laundry room featuring a washer and dryer. The utility structure is designed for ease of management: tenants are responsible for electric, gas for heat, internet, trash, and lawn maintenance, while the seller covers property taxes, insurance, water, and sewer. Whether you are looking for a turnkey rental or a strategic house-hack, this downtown gem offers both character and a solid return on investment....
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Home facts
- Year built:1900
- Listing ID #:202607907
- Added:1 day(s) ago
- Updated:March 11, 2026 at 09:52 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl Tile, Wood
- Basement Description:Partial Basement
- Living area:1,297 sq. ft.
Heating and cooling
- Cooling:Window
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1900
- Building area:1,297 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Corner
- Architectural Style:One Story
- Construction Materials:Vinyl
- Exterior Features:Near Walking Trail, Porch Open
- Levels:1 Story
Schools
- High school:Rochester Community
- Middle school:Rochester Community
- Elementary school:Columbia / Riddle
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$209,900
- Price per sq. ft.:$112.43
- Tax amount:$1,440
Features and amenities
- Amenities:Water Heater Gas
Parking
- Garage spaces:1
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