$229,900

130 Mulberry Street, Madison, IN 47250

3 beds |
2 baths |
1,985 sqft

Single-Family Home
Built in 1900
7,057sqft lot
—— car garage
$116/sqft
Listed 1 month ago

Property Description

Prime downtown Madison investment opportunity! This corner-lot property is ideally located just one block from the Ohio River and beautiful Bicentennial Park. Offering two units — a 1-bedroom, 1 full bath and a 2-bedroom, 1 full bath — this property is perfect for investors, short-term rental potential, or convert to a single family home. Recent big-ticket updates include a 3-year-old roof, two brand-new water heaters (only 4 months old), and furnaces that are just 4 years old — helping reduce near-term maintenance costs. Enjoy walkable access to local shops, dining, riverfront views, and all that historic downtown Madison has to offer. A turnkey opportunity in a highly desirable location! Home is being sold "AS IS".

Listing Status:: Active
Data Last Updated:: April 4, 2026 at 7:17AM
Listing Office:: F.C. Tucker/Scott Lynch Group : 812-265-3122
MLS ID:: 202606294

Laundry: Main LevelLaundry Room
A/C: Central Air
Heating: Forced Air

Style: One Story

Roofing: Metal
General: Frame1

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

Zoning: Residential011-04080-00 PT LOT 4 RIVER BLK 3 11-131-25 130 MULBERRY ST391302244007000007
View: RiverView

Water: ConnectedPublic
Sewer: Public Sewer

Source: SIRA_SIRA

This listing courtesy of F.C. Tucker/Scott Lynch Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lydia Middleton Elementary School

714 W Main St, Madison, IN, 47250

Grades PK-4

0.60 miles away

E.O. Muncie Jr/Sr High School

800 Lanier Dr, Madison, IN, 47250

Grades 7-12

2.46 miles away

E.O. Muncie Jr/Sr High School

800 Lanier Dr, Madison, IN, 47250

Grades 7-12

2.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.