216 E Madison St, Tipton, IN 46072
Property image
Property image
OFF MARKET

216 E Madison St
Tipton, IN 46072

  • 1 Bed
  • 1 Bath
1 Bed
1 Bath

Local Information

  • Map ViewExplore the area around 216 E Madison St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Perfect addition to your investment portfolio! This 2-story fourplex property is conveniently located in the heart of Tipton and a part of a package that includes 5 multi-family Tipton properties. Package includes this property plus 429 North East Street (22003650), 443 N East St (22016095), 606 East Jefferson (22016101) and 627 N Main St (22016103). All 16 units are currently leased, providing immediate income. Whether you're a seasoned investor or just getting started, don't miss this package opportunity to earn rental income and grow your equity on this as-is sale! List price reflects the 5 property package.
216 E Madison St, Tipton, IN 46072 is a 1 bedroom, 1 bathroom multi-family built in 1910. It last sold for $248,898 on Mar 21, 2025 (71% below the $868,000 asking price). It is currently off market. The Trulia Estimate rent is $897/month.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 216 E Madison St

Active Status

MLS Status: Sold

Interior Features

Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (main level): 7
Appliances & Utilities
Laundry: Other
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Parking & Garage
Other Parking: Unit Parking(Other)
Frontage
Road Frontage: Frontage Road

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, QuadruplexStructure Type: QuadruplexArchitecture: Traditional
Building
Building: OtherConstruction Materials: OtherNot a New Construction
Property Information
Parcel Number: 801111546053000002

Price & Status

Price
List Price: $868,000
Status Change & Dates
Off Market Date: Thu Jan 16 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: TiptonCommunity: No Subdivision
School Information
High School District: Tipton Community School Corp

Lot Information

Lot Area: 4356 sqft

Listing Info

Special Conditions: As Is

Rental Terms, Policies & Fees

Owner Pays: All Utilities, Taxes

Miscellaneous

BasementMls Number: 22016093
Last check for updates: about 2 hours ago
Listed by Rachael Burt, (317) 313-6276
F.C. Tucker Company
Ellie Orzeske, (317) 691-5841
F.C. Tucker Company
Bought with: Charise Goodnight, Re/Max Realty One
Source: MIBOR as distributed by MLS GRID, MLS#22016093

Price History for 216 E Madison St

DatePriceEventSource
03/21/2025$248,898Sold
MIBOR as distributed by MLS GRID #22016093
01/17/2025$868,000PendingMIBOR as distributed by MLS GRID #22016093
01/15/2025$868,000Listed For SaleMIBOR as distributed by MLS GRID #22016093
12/17/2021$155,000Sold
MIBOR as distributed by MLS GRID #21827164
12/02/2021$155,000PendingMIBOR as distributed by MLS GRID #21827164

Market trends in Tipton

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
28
5MoM
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Property Tax and Assessment

Year2025
Tax$2,944
Assessment$158,500
Home facts updated by county records

Comparable Sales for 216 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
340 S Walnut St, Atlanta, IN
4.72
Multi-Family Home
$359,900
12/19/25
2
1
-

Nearby homes

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Assigned Schools

These are the assigned schools for 216 E Madison St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Tipton

At least 21 Trulia users voted on each feature.

  • 91 % Say parking is easy

  • 83 % Say people would walk alone at night

  • 83 % Say it's dog friendly

  • 81 % Say kids play outside

  • 76 % Say there's holiday spirit

  • 75 % Say yards are well-kept

  • 72 % Say car is needed

  • 70 % Say there are sidewalks

  • 65 % Say streets are well-lit

  • 64 % Say neighbors are friendly

  • 64 % Say there's wildlife

  • 58 % Say it's walkable to restaurants

  • 57 % Say they plan to stay for at least 5 years

  • 56 % Say it's quiet

  • 38 % Say it's walkable to grocery stores

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Malcolm R.
    "nice neighbours nice parks good schools nice very nice absolutely nice neighbourhood nice all good in dear old tipton "
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Apartments for Rent

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Explore by feature - Pet Friendly

11 pet-friendly rentals in Tipton, IN

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13 rentals with air conditioning in Tipton, IN

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11 rentals with a washer/dryer in Tipton, IN

Homes for sale near 216 E Madison St

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Off Market Homes Near 216 E Madison St

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Based on information submitted to the MLS GRID as of 2026-07-16 07:18:13 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information