407 E 2nd St, Madison, IN 47250
OFF MARKET

407 E 2nd St
Madison, IN 47250

  • 4 Beds
  • 4 Baths
  • 3,312 sqft

$220,700

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $1,329/mo*
Refinance Your Home

$220,700

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $1,329/mo*
Refinance Your Home
4 Beds
4 Baths
3,312 sqft

Home Value

Trulia Estimate
$221K
Since last month
Increased$13K (+6.2%)
Since last year
Increased$20K (+9.6%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +79% in the last 10 years
MonthEstimated value
2026
August 2026$224K
July 2026$211K
June 2026$211K
May 2026$209K
April 2026$208K
March 2026$206K
February 2026$206K
January 2026$206K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
422-424 2nd St E, Madison, IN 47250
0.05
$240,000
4
5
3,716
Recently Sold
223 Walnut St, Madison, IN 47250
0.05
$287,100
2
1.5
1,404
Off Market
322 E 2nd St, Madison, IN 47250
0.05
$387,900
3
2.5
2,462
For Sale

Local Information

  • Map ViewExplore the area around 407 E 2nd St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1900
Living Area
3,312 sqft
Price/Sqft
$67

About this House

Charming fourplex in Historic Downtown Madison. Great investment opportunity. Live in one unit and rent the other 3 units. 1 bedroom and 1 bath units. Owner pays all utilities. Each unit has 1 off street parking space
407 E 2nd St, Madison, IN 47250 is a 4 bedroom, 4 bathroom, 3,312 sqft multi-family built in 1900. More recently, it was listed as a rental in August 2017 with an asking price of $560 per month. That rental listing was removed on August 30, 2017. It is currently off market. The Trulia Estimate is $220,700, with a rent estimate of $1,625/month.

Home Details for 407 E 2nd St

Interior Features

Interior Details
BasementAtticNumber of Rooms: 18
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
Cable ReadyRefrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
Parking: Off Street

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 4

Lot Information

Lot Area: 2435 sqft

Price and Tax history

DateEventPrice
Feb 8, 2019
Source: Agent Provided
ListingRemoved
$115,000
Nov 2, 2018
Source: Agent Provided
Listed For Sale
$115,000
Aug 30, 2017
Source: N/A
ListingRemoved
$560
Aug 11, 2017
Source: N/A
Listed For Rent
$560

Market trends in Madison

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
102
9MoM

Around this home

What Locals Say about Madison

At least 44 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 79 % Say it's dog friendly

  • 79 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 77 % Say people would walk alone at night

  • 68 % Say there's wildlife

  • 67 % Say parking is easy

  • 59 % Say kids play outside

  • 56 % Say it's quiet

  • 55 % Say there are sidewalks

  • 53 % Say neighbors are friendly

  • 48 % Say they plan to stay for at least 5 years

  • 47 % Say streets are well-lit

  • 44 % Say it's walkable to restaurants

  • 33 % Say there are community events

  • 28 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Colemoederzoon3
    "Very touristy, very historical. Very quaint lots of festivals year round. Theres a lot of good people in this town. Homes are quite expensive though. Road maintenance could help out"
    0
    Flag
  • Kaylee H.
    "A great well rounded community and very great place to live. Schooling is amazing and there are so many activities that family can do and many different attractions for people from outside of town. "
    4
    Flag
  • Quenton T.
    "Wonderful place to live. Small Town life with larger city amenities. Quiet and peaceful with a vibrant community. "
    0
    Flag
  • Samvin107
    "There’s quite a few families and a church a block away and a nursing home next to the church. Very quiet neighborhood "
    0
    Flag
  • Pam T. W.
    "Lots of music almost every weekend in the summer. Great little shops on Main Street. Lovely river walk. Everyone makes you feel welcome. "
    0
    Flag
  • Robert Danehy
    "Most beautiful historical society in the country! People are the friendliest that you will ever meet. Gorgeous River Front. Best Festival's in the country in the Summer. 5 different Schools.. About 69 of the most beautiful church's you ever seen. Moved here 2 years ago and now i don't ever want to leave!!"
    4
    Flag
  • Robert Danehy
    "Madison is the most beautiful historical society in the country! An the people here are the most friendly that you will ever meet. Church's beautiful church's. Fine Dinning. Choice of Schools. Most beautiful River Front in the state! Nite life is fantastic. None tru out the country for are festivals. An about 40 minutes each way Cincinnati to the East an Louisville to the West. Parks for kids everywhere."
    0
    Flag
  • Jessica D.
    "My neighborhood is pretty quiet. There are a few stray cats but nothing major. I am close to shopping and restaurants. "
    0
    Flag
  • Aschmidlapprn11
    "There are lots of sidewalks to walk the dogs on. There is a walkway around the lake near our house as well so it is healthy and fun for them and us as well. "
    1
    Flag
  • Aschmidlapprn11
    "We have lived here for 5 years and we are within a few minutes of everything. We are close to schools, shopping, restaurants and parks"
    1
    Flag
  • Ericanapier05
    "Beautiful scenery, great neighborhood, close to town, wildlife, low traffic. Good school selection public and private. "
    0
    Flag
  • Cotydunn05
    "This neighborhood sits back away from busier roads. A nice little cul-de-sac where kids play and people wave! "
    2
    Flag
  • Ambergaraas1976
    "It is quiet and is within walking distance to Clifty Park. It is the perfect place to walk the dogs because there are little to no sidewalks in this town. "
    0
    Flag
  • Ambergaraas1976
    "It is within walking distance to Clifty Falls state park. Since this town has very few sidewalks it is nice to take the dogs there to walk without a lot of traffic. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 407 E 2nd St

  • What is 407 E 2nd St estimated to be worth?
    Trulia's estimated value for 407 E 2nd St in Madison, IN is $220,700.
  • Is Madison a buyer's or seller's market?
    Madison is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Madison?
    Residents describe Madison, IN as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See recently sold homes in Madison, IN.
  • What are the closest schools to 407 E 2nd St?
    The closest schools to 407 E 2nd St in Madison, IN are Lydia Middleton Elementary School (Pre-K, rated 6/10), Madison Consolidated High School (rated 6/10), Madison Consolidated Jr High School (Elementary, rated 6/10).
  • Does 407 E 2nd St have parking?
    Yes, 407 E 2nd St in Madison, IN has on-site parking.

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