$200,000
SOLD JUN 12, 2026

130 Mulberry St Madison, IN 47250

3 Beds
2 Baths
1,985 Sq Ft
7,057 Sq Ft Lot

Sale Details

Date Sold: June 12, 2026

$101 Per Sq Ft

22% Below List Price

52 Days on Market

Highlights

  • River View
  • Central Air
  • 1-minute walk to Fireman's Park
  • Laundry Room
  • 1-Story Property

About This Home

As of June 2026

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".

Last Agent to Sell the Property

Christi Sauley-Kernen

F.C. Tucker/Scott Lynch Group Brokerage Phone: 812-265-3122 License #RB25001154 Listed on: 02/27/2026

F.C. Tucker/Scott Lynch Group

Last Buyer's Agent

Ellen Stevens

eXp Realty, LLC License #RB25000785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1900

Parking

  • On-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,985 Sq Ft Home
  • 1-Story Property
  • River Views
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Additional Features

  • 7,057 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 391302244007000007

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,107

Year Built

Built in 1900

Lot Details

7,057 Sq Ft Lot

Listing Details

  • New Construction: No
  • Parcel Number: 391302244007000007
  • Property Sub Type: Residential
  • Property Type: Residential
  • Year Built: 1900
  • LotSizeAcres: 0.162
  • Road Surface Type: Paved
  • View: River
  • Co List Office Mls Id: 1301
  • Directions: Located on the corner of First Street and Mulberry Street in downtown Madison IN
  • Above Grade Finished Sq Ft: 1985.0
  • Living Area: 1985.0
  • PropertySubTypeAdditional: Residential
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 10

Exterior Features

  • Stories: 1
  • Construction Type: Frame
  • Roof: Metal

Garage/Parking

  • Garage Yn: No

Utilities

  • Laundry Features: Main Level, Laundry Room
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Madison Cons.

Lot Info

  • Zoning: Residential
  • Lot Size Sq Ft: 7056.72
  • Land Lease Expiration Date: 2027-02-21
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1107.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2021
Sold by
Bought by
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $130,000 Jenner Pattison & Sharpe
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/12/2026 06/12/26 Sold $200,000 -13.0% $101 / Sq Ft
04/20/2026 04/20/26 Pending -- -- --
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
Source: Southern Indiana REALTORS® Association

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,032 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Indiana REALTORS® Association

MLS Number: 202606294

Southern Indiana REALTORS® Association

APN: 39-13-02-244-007-000-007

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