118 Ferry Street, Madison, IN 47250

• 3 beds |
• 3 baths |
• 1,494 sqft

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!

Listing Status:

Active

Data Last Updated:

July 29, 2026 at 1:17AM

Listing Office:

F.C. Tucker/Scott Lynch Group : 812-265-3122

MLS ID:

202609731

Interior

• General: Kitchen IslandMain Level PrimaryOpen FloorplanPantrySeparate ShowerUtility Room
• Appliances: DryerDishwasherFreezerMicrowaveOvenRangeRefrigeratorWater SoftenerWasher
• Laundry: Main LevelLaundry Room
• Basement: Crawl Space
• A/C: Central AirWall Unit(s)
• Heating: Forced AirHeat Pump

Exterior

• General: BalconyPorchPatio
• Style: Two Story
• Other Structures: PorchBalconyPatioCovered

Construction

• Roofing: Shingle
• General: FrameVinyl Siding2Crawlspace

Location

• Road/Access: Paved
• Originating MLS: SIRA_SIRA
• County: Jefferson_IN

Lot

• Zoning: ResidentialCommercial011-05130-00 LOTS 43 & 44 & pt of Lot 45 SHEETS ADD 57 X 50 11-138-18 & 19 118 Ferry St391301223050000007
• View: RiverView

Utilities

• Water: ConnectedPublic
• Sewer: Public Sewer

Financial

• Source: SIRA_SIRA