130 Mulberry St Madison, IN 47250
Estimated payment $1,330/month
Highlights
- River View
- 1-Story Property
- 2-minute walk to Fireman's Park
- Corner Lot
- Forced Air Heating and Cooling System
About This Home
Prime downtown Madison investment opportunity! This corner-lot property is ideally located just one block from the Ohio River and beautiful Bicentennial Park. Offering two units — a 1-bedroom, 1 full bath and a 2-bedroom, 1 full bath — this property is perfect for investors, short-term rental potential, or convert to a single family home. Recent big-ticket updates include a 3-year-old roof, two brand-new water heaters (only 4 months old), and furnaces that are just 4 years old — helping reduce near-term maintenance costs. Enjoy walkable access to local shops, dining, riverfront views, and all that historic downtown Madison has to offer. A turnkey opportunity in a highly desirable location! Home is being sold "AS IS".
Listing Agent
F.C. Tucker/Scott Lynch Group License #RB25001154 Listed on: 02/27/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,107
Year Built
- Built in 1900
Lot Details
- 7,057 Sq Ft Lot
- Corner Lot
Parking
- On-Street Parking
Home Design
- Frame Construction
Interior Spaces
- 1,985 Sq Ft Home
- 1-Story Property
- River Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 391302244007000007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,214 | $101,600 | $6,600 | $95,000 |
| 2024 | $2,214 | $110,700 | $6,600 | $104,100 |
| 2023 | $2,214 | $110,700 | $6,600 | $104,100 |
| 2022 | $1,420 | $71,000 | $6,600 | $64,400 |
| 2021 | $1,252 | $62,600 | $6,600 | $56,000 |
| 2020 | $1,252 | $62,600 | $6,600 | $56,000 |
| 2019 | $1,252 | $62,600 | $6,600 | $56,000 |
| 2018 | $1,252 | $62,600 | $6,600 | $56,000 |
| 2017 | $1,242 | $62,100 | $6,600 | $55,500 |
| 2016 | $1,242 | $62,100 | $6,600 | $55,500 |
| 2014 | $1,302 | $65,100 | $5,300 | $59,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $229,900 | -9.8% | $116 / Sq Ft |
| 03/30/2026 03/30/26 | For Sale | $255,000 | 0.0% | $128 / Sq Ft |
| 03/17/2026 03/17/26 | Pending | -- | -- | -- |
| 02/27/2026 02/27/26 | For Sale | $255,000 | -- | $128 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $130,000 | Jenner Pattison & Sharpe |
Source: Southern Indiana REALTORS® Association
MLS Number: 202606294
APN: 39-13-02-244-007-000-007
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Ask me questions while you tour the home.