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$479,900118 Ferry Street, Madison, IN 47250
3 bd3 ba1,494 sqft0.07 acres

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!

Interior Features

  • Kitchen Island
  • Main Level Primary
  • Open Floorplan
  • Pantry
  • Separate Shower
  • Utility Room

Appliances

  • Dryer
  • Dishwasher
  • Freezer
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Water Softener
  • Washer

Exterior Features

  • Balcony
  • Porch
  • Patio

Highlights

Property TypeResidential
Year Built1900
Lot Size0.07 acres
ZoningResidential,Commercial
CountyJefferson_IN
Listing ID202609731

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Listing courtesy of Maleha Jones, F.C. Tucker/Scott Lynch Group

Listing information is provided by the Southern Indiana REALTORS® Association (SIRA) MLS via Trestle and is believed accurate but not guaranteed. Listings may be held by a brokerage other than AdventuREalty.