Madison, IN Homes for Sale under $200,000

Large home with many options, located across from the Sports Complex on Madison’s hilltop. Large bedrooms with room to grow. Close to schools, shopping, and downtown. This property has many possibilities- come take a tour and put your imagination to work...investment property or family home. Updates include: New roof (2023), Floor joist repairs, new duct work, and new laminate flooring

Candice Fulk McDole Century 21 River Valley

Opportunity awaits in the desirable Hilltop area of Madison! This 3-bedroom, 1-bath home offers great potential for buyers looking to add value with a little TLC. Featuring a functional layout and solid bones, this property is ideal for investors, renovators, or owner-occupants ready to make it their own. Located just minutes from historic downtown Madison, shopping, dining, schools, and parks.

Stephannie Wilson NextHome Wilson Real Estate

Step into timeless charm with this beautifully renovated 2-bedroom, 1-bath cottage-style in the heart of Historic DowntownMadison. Built ca. 1930 by a local millworker, this home blends original character with modern updates. The covered porchshelters the front door, which opens into a foyer with a coat closet, and a spacious living room featuring a cozy fireplace.Enjoy refinished

John Demaree F.C. Tucker/Scott Lynch Group

This beautifully updated home offers comfort, function, and thoughtful improvements throughout. Major updates completed in summer 2025 include a new HVAC system (inside and out), freshly updated flooring, sealed driveway, and a refreshed kitchen with brand-new appliances. The converted garage now serves as a spacious dining area, adding valuable living space and a large built-in storage closet

Rachel Avery

Charming Downtown Madison Home on a Corner Lot! 904 E. Second St is perfectly positioned in the heart of downtown Madison, just minutes from the bridge and all the activities this vibrant community is known for. Enjoy the convenience of walkable living while still having your own private retreat. This home offers a blend of character and modern updates, featuring hardwood and tile flooring, a

Pamela Adam eXp Realty, LLC

RIVER TIME is just ahead of us, and this place is a haven for observing the beauty of it all. And you have access to it! This home is sweet and functionally impressive. This square footage is truly put to work with customizations such as with its two built in Murphy beds. These allow spaces to be convertible for when there's company! The Murphy beds are queen and king size, and these are in rooms

Jessica Butler

Located in the Rykers Ridge area of Madison, 2099 E Gardner Ln offers 4 bedrooms, 2 full baths, and approximately 1,560 square feet. This home is ready for the next owner to complete remaining improvements and add personal finishing touches. Several updates have been completed within the last 10 years, including a large rear addition that expanded the kitchen to create a more open layout with

Cathy Jackson Schuler Bauer Real Estate Services ERA Powered (N

Open to interpretation!! How shall this property be finished? The preservation organization succeeded in stabilizing and beatifying its original footprint! This cottage needs to be made cozy by an individual ready to give it its layout and design. There are preservation covenants, held by Indiana Landmarks, with this property.

Jessica Butler