Map location of 727/733 W Third, Madison, IN 47250
$399,000
Unlock Price Rating!

727/733 W Third, Madison, IN 47250

 Contact
7 Beds
10 Baths
6,684 Sq Ft

OPPORTUNITY at a scale an investor can appreciate. If you are wanting rental investments, why not acquire 7 units? Madison has maintained rentals in this classic set of tri-plexes for 150+ years, and the owners of this property have made necessary updates, but want to let YOU carry this one forward. If you are seeking funds toward rehabbing the buildings, at this location there are two separate parcels, and therefore you could receive two grants. There is potential for historic contributions on the grounds of this property being a part of the Underground Railroad. The history is alleged, and at this time the listing agent does not have documentation of this history. The sale of this Real Estate is to be AS-IS, but buyers are welcome to thorough inspections.

Listing By: Jessica Butler - Legacy Land Use & Realty insira Realty.com
  • MLS# 2025010231
  • Date Listed08/11/2025
  • Bedrooms 7
  • Bathrooms 7 Full baths, 3 Half baths
  • Lot Size 0.5 acres (21,780 sq. ft)
  • Sewer Public Sewer
  • Subdivision McIntiers Add
  • Property Type Single Family
  • County Jefferson_IN
  • Year Built 1840
  • Water Public
  • Square Feet 6,684 sq. ft
  • Price Per Sq. Ft $59.69

Interior Features

  • Cooling Central Air
  • Heating Forced Air

Exterior / Lot Features

  • Exterior Shed(s)
  • Roof Shingle
  • Lot Size Acres 0.50
  • Lot Size SQFT 21,780.00
  • Lot Features -

Directions

From Madison’s City Hall Head West on Main Street. Take a Right on Hwy 7/ Cragmont Street. Take a Right on Third Street, and the properties are on the Right.

Financial Considerations

  • Tax Amount $5,522
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Mary Raber Elementary School

Public • PK - 5 • Serves this home

230.5 mi

Distance

Indian Springs Middle School

Public • 6 - 8 • Serves this home

228.6 mi

Distance

Columbia City High School

Public • 9 - 12 • Serves this home

228.6 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in IN / 47250

Source: Walkscore

58/100

Somewhat Walkable

Walk Score ®

39/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 17/100.

Property Change History

List Price decreased from $459,000 to $399,000
Price Per Square Foot decreased from $68.67 to $59.69
Agent added 47 new photos to the listing
2 → 49 photos

Points of Interest near 727/733 W Third, Madison, IN 47250

Frequently Asked Questions for 727/733 W Third

Source: Realty.com

727/733 W Third, Madison, IN 47250 is a Single Family 6,684 sq. ft. home listed for sale. Realty.com has 49 photos available of this 7 bed, 10 bath house, listed at $399,000. View sales and tax history, use our mortgage calculator and more on Realty.com

Realty.com has 49 photos of 727/733 W Third.

Our records indicate that 727/733 W Third was built in 1840.

The full address for this home is 727/733 W Third, Madison, IN 47250.

727/733 W Third has been listed on Realty.com since Mon August 11, 2025

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 17/100.

There are 3 schools assigned to this home. Check out the schools near 727/733 W Third. Mary Raber Elementary School (Grades: PK - 5), Indian Springs Middle School (Grades: 6 - 8), Columbia City High School (Grades: 9 - 12)

Listing provided courtesy of: Legacy Land Use & Realty (tel: 812-701-0002)
Listing agent: Jessica Butler (tel: 812-701-0002) (#10273)

This content last refreshed on 2025-12-01 00:08:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 727/733 W Third, Madison, IN 47250 : MLS# 2025010231

Message
Tour
Chat