422-424 2nd St E
Madison, IN 47250
- 4 Beds
- 5 Baths
- 3,716 sqft
$240,000
Last Sold: Dec 18, 2025
9% below list $265K
$65/sqft
Est. Refi. Payment $1,390/mo*
$240,000
Last Sold: Dec 18, 2025
9% below list $265K
$65/sqft
Est. Refi. Payment $1,390/mo*
4 Beds
5 Baths
3,716 sqft
Homes for sale near 422-424 2nd St E
Apartments for Rent
Local Information
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Description
Endless Possibilities in the Heart of Historic Downtown Madison! This versatile 4 unit, 2 story building is a rare opportunity for investors or visionary homeowners. Currently configured as four apartment units, the property offers a range of options—maintain it as a 4 unit rental, reimagine it as three apartments and two efficiencies, convert it into two charming single-family homes, or create a unique blend such as a primary residence on one side with short-term rentals on the other. Original trim can be found throughout property. Located in a prime downtown location, this property combines character, convenience, and exceptional potential for income or multi-generational living. There are 5 electric meters, 2 water meters and 2 meters for gas hookup if potential buyer would want gas. Property was recently inspected and no major defects were found. Tenants are month to month, 3 units are $650/mth, other unit is $460/mth.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from January 18, 2026
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$65/sqft
Listed
180+ days ago
Home Details for 422-424 2nd St E
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Interior Details Basement: UnfinishedNumber of Rooms: 13Types of Rooms: Bedroom, Dining Room, Kitchen, Laundry, Living Room |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 5Number of Bathrooms (full): 5 |
Dimensions and Layout Living Area: 3716 Square Feet |
Appliances & Utilities Utilities: Electricity Connected |
Heating & Cooling Heating: Radiant,OtherHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Radiant |
Fireplace & Spa No Fireplace |
Gas & Electric Has Electric on Property |
Levels, Entrance, & Accessibility Stories: 2 |
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Exterior Home Features Roof: ShingleFencing: None |
Parking & Garage No GarageNo Attached GarageHas Open ParkingParking: On Street |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 3716 Square Feet |
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Year Built Year Built: 1840 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Construction Materials: Wood Frame, Brick |
Property Information Parcel Number: 391302131058000007 |
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Price List Price: $265,000Price Per Sqft: $65/sqft |
Status Change & Dates Off Market Date: Mon Nov 17 2025 |
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MLS Status: Closed |
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Direction & Address City: MadisonCommunity: None |
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Building Area Building Area: 3716 Square Feet |
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No HOA |
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Lot Area: 4791.6 sqft |
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BasementMls Number: 1685976Above Grade Unfinished Area: 3716 |
Last check for updates: about 11 hours ago
Listed by Jim Pruett, (812) 701-1000
EXP Realty LLC
Bought with: Jim Pruett, (812) 701-1000, EXP Realty LLC
Source: Metro Search Inc. LLC DBA Apex MLS, MLS#1685976

Price History for 422-424 2nd St E
| Date | Price | Event | Source |
|---|---|---|---|
| 12/18/2025 | $240,000 | Sold | Metro Search Inc. LLC DBA Apex MLS #1685976 |
| 11/17/2025 | $265,000 | Pending | Metro Search Inc. LLC DBA Apex MLS #1685976 |
| 10/28/2025 | $265,000 | PriceChange | SIRA #202507646 |
| 09/09/2025 | $289,000 | PriceChange | SIRA #202507646 |
| 07/31/2025 | $309,500 | PriceChange | SIRA #202507646 |
| 06/30/2025 | $325,000 | PendingToActive | SIRA #202507646 |
| 06/02/2025 | $325,000 | Pending | Metro Search Inc. LLC DBA Apex MLS #1685976 |
| 05/02/2025 | $325,000 | Listed For Sale | SIRA #202507646 |
Comparable Sales for 422-424 2nd St E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Single-Family Home | $275,000 | 02/13/26 | 3 | 2.5 | 4,740 |
Assigned Schools
These are the assigned schools for 422-424 2nd St E.
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
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2026 Metro Search, Inc.
Homes for rent near 422-424 2nd St E
Off Market Homes Near 422-424 2nd St E
422-424 2nd St E, Madison, IN 47250 is a 4 bedroom, 5 bathroom, 3,716 sqft single-family home built in 1840. This property is not currently available for sale. 422-424 2nd St E was last sold on Dec 18, 2025 for $240,000 (9% lower than the asking price of $265,000). The current Trulia Estimate for 422-424 2nd St E is $244,200.

