508 E Madison St, Troy, AL 36081
OFF MARKET

508 E Madison St
Troy, AL 36081

  • Studio
  • 1,268 sqft

$265,200

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $1,483/mo*
Refinance Your Home

$265,200

Trulia Estimate
as of Aug 25, 2026
Est. Refi. Payment $1,483/mo*
Refinance Your Home
Studio
1,268 sqft

Home Value

Trulia Estimate
$265K
Since last month
Decreased$22K (-7.6%)
Since last year
Increased$155K (+142.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +96% in the last 10 years
MonthEstimated value
2026
August 2026$264K
July 2026$286K
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1003 N Three Notch St, Troy, AL
0.92
Multi-Family Home
$125,000
08/17/26
8
7
4,200
104 Corley St, Troy, AL
1.13
Multi-Family Home
$385,000
09/02/25
6
3
3,000
400 Jane Rd, Troy, AL
1.72
Multi-Family Home
$7,500,000
11/13/25
-
2,932

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
410 S Brundidge St, Troy, AL 36081
0.12
$1,084,800
21
-
1,440
Off Market
316 S Brundidge St, Troy, AL 36081
0.17
$167,500
4
2.5
4,110
For Sale
409 Gamble St, Troy, AL 36081
0.16
$109,700
2
2
1,015
Off Market
516TO617 Folmar & Madison St, Troy, AL 36081
0.16
$1,450,000
Studio
-
-
For Sale
Griffin St, Troy, AL 36081
0.23
$15,000
Studio
-
-
For Sale
100 Park St #102, Troy, AL 36081
0.23
$687,600
16
24
3,200
Off Market
638 E Madison St, Troy, AL 36081
0.23
$129,000
4
2
1,067
Recently Sold
200 Banks St, Troy, AL 36081
0.25
$200,000
-
-
-
For Sale
303 Oakleigh Dr, Troy, AL 36079
0.26
-
3
2
1,216
Off Market
113 University Ave, Troy, AL 36081
0.27
$310,500
2
1
3,128
Off Market
3421 Highway 231, Brundidge, AL 36010
0.29
$345,000
Studio
-
-
For Sale
618/620 Hanchey St, Troy, AL 36081
0.31
-
1
1
1,900
Off Market

Local Information

  • Map ViewExplore the area around 508 E Madison St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2023
Living Area
1,268 sqft
Price/Sqft
$209

About this House

This multi-family home is located at 508 E Madison St, Troy, AL. 508 E Madison St is in Troy, AL and in ZIP code 36081. This property has approximately 1,268 sqft of floor space. This property has a lot size of 5625 sqft and was built in 2023.
508 E Madison St, Troy, AL 36081 is a studio, 1,268 sqft multi-family built in 2023. More recently, it was listed as a rental in January 2026 with an asking price of $1,500 per month. That rental listing was removed on March 11, 2026. It is currently off market. The Trulia Estimate is $265,200, with a rent estimate of $1,411/month.

Home Details for 508 E Madison St

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: Multi Family

Interior Features

Levels, Entrance, & Accessibility
Floors: Other, Carpet, Linoleum Vinyl

Exterior Features

Exterior Home Features
Exterior: Other, Wood, Brick

Lot Information

Lot Area: 5625 sqft

Price and Tax history

DateEventPrice
Mar 11, 2026
Source: Pike County BOR #28236
ListingRemoved
$1,500
Jan 5, 2026
Source: Pike County BOR #28236
Listed For Rent
$1,500
Oct 25, 2025
Source: Pike County BOR #27770
ListingRemoved
$2,000
Jun 6, 2025
Source: Pike County BOR #27770
Listed For Rent
$2,000

Market trends in Troy

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
132
7MoM

Around this home

What Locals Say about Troy

At least 31 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 82 % Say there's holiday spirit

  • 81 % Say parking is easy

  • 70 % Say yards are well-kept

  • 68 % Say it's dog friendly

  • 57 % Say it's quiet

  • 55 % Say streets are well-lit

  • 49 % Say kids play outside

  • 46 % Say people would walk alone at night

  • 45 % Say there's wildlife

  • 44 % Say it's walkable to restaurants

  • 44 % Say neighbors are friendly

  • 35 % Say there are sidewalks

  • 35 % Say they plan to stay for at least 5 years

  • 30 % Say it's walkable to grocery stores

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Tara R.
    "Wonderful place to raise a family if you can find a well paying job. Not a lot of activities but you’re not far from two large cities. "
    11
    Flag
  • Anne T.
    "Amazing area to live, withing walking distance to the Parks and Recreation Facilities and baseball fields. Country living yet 5 minutes to Walmart, Lowes, dining, etc.,"
    5
    Flag
  • Thelightoflove
    "I visited here for almost 20 years. This neighborhood is friendly as well as beautiful. The lots are spacious. Pets and children are welcome, yet there are plenty of retirees. It is within easy walking distance of the University and would be ideal for someone working or attending school at Troy State."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 508 E Madison St

  • What is 508 E Madison St estimated to be worth?
    Trulia's estimated value for 508 E Madison St in Troy, AL is $265,200.
  • Is Troy a buyer's or seller's market?
    Troy is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Troy?
    Residents describe Troy, AL as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See recently sold homes in Troy, AL.
  • What are the closest schools to 508 E Madison St?
    The closest schools to 508 E Madison St in Troy, AL are Charles Henderson High School (rated 5/10), Charles Henderson Middle School (rated 6/10), Troy Elementary School (Pre-K, rated 8/10).

Explore by feature - Pet Friendly

14 pet-friendly rentals in Troy, AL

Explore by feature - Air Conditioning

6 rentals with air conditioning in Troy, AL

Explore by feature - Washer/dryer

18 rentals with a washer/dryer in Troy, AL

Apartments for Rent

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Off Market Homes Near 508 E Madison St

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Homes for sale near 508 E Madison St

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