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508 State Street Madison, IN 47250

3
Bed
2
Bath
1,200
Sq. Ft
0.07
Acres
$159,900
MLS# 204506
3 BR
2 BA
1,200 Sq. Ft
0.07 AC
1/22
    2/22
    3/22

    More About 508 State Street

    Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional roomsperfect for bedrooms or office spacealong with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don't miss your chanceschedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly. Tenant pay $800 plus 50% of utilities which averages $120/mo.

    Connect with a loan officer to get started!

    Information Refreshed: 5/29/2025 6:42 PM

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    Property Details

    • MLS#:

      204506
    • Type:

      Single Family
    • Sq. Ft:

      1,200
    • County:

      Jefferson
    • Age:

      51
    • Architecture:

      Other
    • Construction:

      Vinyl Siding
    • Cooling:

      Central Air
    • Garage Spaces:

      1
    • Gas:

      At Street
    • Heating:

      Forced Air
    • Parking:

      Attached Garage
    • S/A Taxes:

      629
    • School District:

      Madison Consolidated Schools
    • Sewer:

      Private Sewer
    • Water:

      Public

    Rooms

    • Bedroom 2:

      12x12 (Level: 2)
    • Bedroom 3:

      12x12 (Level: 2)
    • Living Room:

      11x15 (Level: 1)
    • Other Room 1:

      12x30 (Level: 2)
    This listing courtesy of Jim Pruett (812) 274-0660 , Exp Realty (866) 212-4991

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    Monthly Cost

    Mortgage Calculator

    *The rates & payments shown are illustrative only.
    Payment displayed does not include taxes and insurance. Rates last updated on 5/29/2025 from Freddie Mac Primary Mortgage Market Survey. Contact a loan officer for actual rate/payment quotes.
    $842*
    Estimated monthly total
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    IN•47250•Jefferson County•Madison•508 State Street

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    The data relating to real estate for sale on this website comes in part from the Broker Reciprocity programs of the Southeastern Indiana MLS (SEIMLS).Those listings held by brokerage firms other than Sibcy Cline, Inc. are marked with the Broker Reciprocity logo and house icon. The properties displayed may not be all of the properties available through Broker Reciprocity. Copyright© 2022 Southeastern Indiana MLS (SEIMLS). Information deemed reliable, but not guaranteed.