118 Ferry ST, Madison, IN 47250
118 Ferry ST, Madison, IN 47250
118 Ferry ST, Madison, IN 47250
118 Ferry ST, Madison, IN 47250
118 Ferry ST, Madison, IN 47250
118 Ferry ST, Madison, IN 47250
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$ 479,900
Est. payment | /mo

3 Beds

3 Baths

1,494 SqFt


Save
$ 479,900
Est. payment | /mo
Save

3 Beds

3 Baths

1,494 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 1,494 sqft

Price per Sqft $321

MLS Listing ID 202609731

Style Two Story

Bedrooms 3

Full Baths 3

Abv Grd Liv Area 1,494

Year Built 1900

Annual Tax Amount $962

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Residential

Property Description

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!

Location

State IN

County Jefferson_ I N

Area Downtown

Zoning Residential,Commercial

Direction From Downtown Madison, go through Main St. Turn left on E Second St and continue on Park Eve. Turn right onto Ferry St. Triplex will be on the left at corner of Ferry & Filmore St.

Rooms

Basement Crawl Space

Interior

Interior Features Kitchen Island, Main Level Primary, Open Floorplan, Pantry, Separate Shower, Utility Room

Heating Forced Air, Heat Pump

Cooling Central Air, Wall Unit(s)

Fireplace No

Appliance Dryer, Dishwasher, Freezer, Microwave, Oven, Range, Refrigerator, Water Softener, Washer

Laundry Main Level, Laundry Room

Exterior

Exterior Feature Balcony, Porch, Patio

View Y/N Yes

Water Access Desc Connected,Public

View River

Roof Type Shingle

Street Surface Paved

Porch Balcony, Covered, Patio, Porch

Building

Dwelling Type Triplex

Entry Level Two

Foundation Crawlspace

Sewer Public Sewer

Water Connected, Public

Architectural Style Two Story

Level or Stories Two

New Construction No

Others

Tax ID 391301223050000007

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by F.C. Tucker/Scott Lynch Group

Nearby Locations

Craig Eberle
Craig Eberle

Broker Associate | License ID: RB14040825

+1(502) 269-6898 | craig@bigredteam.com

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118 Ferry ST