NOT LISTED FOR SALE

199 W Madison St Hagerstown, IN 47346

Estimated Value: $174,000 - $210,000

6 Beds
3 Baths
3,098 Sq Ft
$63/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $164,900 $53 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,183/month

Highlights

  • Deck
  • Porch
  • Multiple Water Heaters
  • Detached Garage
  • Patio
  • Washer and Dryer

About This Home

As of October 2022

HAGERSTOWN TRIPLEX WITH 3 CAR DETACHED GARAGE AVAILABLE! RARE INVESTMENT OPPORTUNITY! Add this beautiful investment property to your portfolio or live in one unit and rent out the other two to pay your mortgage payments each month while also building equity! With three residential units, tons of square footage, and a three car detached garage, the income potential is great! Based on current market rate averages, this triplex could easily bring in a total of $1,800/mo.! The beautiful home sits on a large corner lot and features two 2-bedroom units and one 1-bedroom unit. Great tenants are in place in the units and would like to stay. Each unit is under a lease and all of the leases will be modifiable after 3/1/2023; 30 days notice required. Tenants currently paying on time and security deposits equal to first month’s rent included. Apartment 197 - $500/mo, Apartment 199 - $300/mo, Apartment 199 ½ - $400/mo. - tenants pay the utilities. (Showings require a minimum of 24 HRS notice. SQ FT information notated for each unit is from an appraisal and should be considered approximate.) Contact Brian Lackey at 765-200-0547 for more information. Text 846199 to 35620 for more information and photos.

Last Agent to Sell the Property

Brian Lackey

Better Homes and Gardens First Realty Group License #RB14038462 Listed on: 09/09/2022

Better Homes and Gardens First Realty Group

Last Buyer's Agent

Tony Foust

Coldwell Banker Lingle License #RB16001818

Coldwell Banker Lingle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Detached Garage

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Stick Built Home

Interior Spaces

  • 3,098 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Window Treatments
  • Washer and Dryer

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Unfinished Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Nettle Creek Elementary And Middle School
  • Nettle Creek High School

Utilities

  • Window Unit Cooling System
  • Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Multiple Water Heaters
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,813

Year Built

Built in 1925

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 199 W Madison Street
  • Second Address Number: 199
  • Estimated Year Built: 1925
  • Average Monthly Electric: Assoc Docs
  • Average Monthly Gas: Assoc Docs
  • Average Water Per Month: Assoc Docs
  • Directions: Main Street in Hagerstown to south on Washington Street to right on W Madison Street to property.
  • E X E M P T: Homestead Credit, Mortgage
  • F I N A N C I N G O F F E R E D: Cash, Conventional
  • Geo Address Line: 199 W Madison St
  • Geo Longitude: -85.163906
  • Geo Primary City: Hagerstown
  • Geo Quality: 0.95
  • Geo Subdivision: IN
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IN
  • Building Stories: 2
  • Tax Dup Number: 026-00505-00
  • Taxes Half: 803.00
  • Number One Bed Units: 1
  • Number Two Bed Units: 2
  • Split Utilities: Yes
  • Unit 1 Appliances: Dishwasher, Disposal, Microwave-Built In, Range-Electric, Refrigerator, Washer/Dryer
  • Unit 1 Heat Type: Furnace, Gas
  • Unit 2 Appliances: Range-Electric, Refrigerator, Washer/Dryer
  • Unit 2 Heat Type: Furnace, Gas
  • Unit 3 Appliances: Disposal, Range-Electric, Refrigerator, Washer/Dryer Hookup
  • Unit 3 Heat Type: Furnace, Gas
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Interior Features

  • Total Number Rooms: 13
  • Amenities: Cable TV
  • Has Basement: Yes, Partial Basement, Unfinished
  • Fireplace: Wood Burning, 1
  • Price Per S Q F T: 53.23
  • Basement Type: Triplex
  • Window Treatments Stay: Some

Exterior Features

  • Exterior Construction: Stick
  • Exterior: Aluminum
  • Foundation: Slab, Crawl, Basement
  • Porch/Deck Type: Deck, Patio, Porch
  • Roof Age: 1&15 Years
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Garage-Detached

Utilities

  • Air Conditioner: Window
  • Electric Company: Hagerstown
  • Gas Company: Vectren Gas Company
  • Sewer: City
  • Water Heater: Electric
  • Number Water Heaters: 3

Condo/Co-op/Association

  • Number of Units: 3

Fee Information

  • Tax Class: MULTI-FAMILY

Schools

  • Elementary School: Nettle Creek
  • Middle School: Nettle Creek
  • High School: Nettle Creek
  • Elementary School: Nettle Creek
  • High School: Nettle Creek
  • Middle School: Nettle Creek

Lot Info

  • Geo Update Timestamp: 2022-09-09
  • Estimated Number Acres: 0.17
  • Land Contract: No
  • Zoning: Res

Multi Family

  • Number Furnaces: 3

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $164,900 0.0% $53 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $164,900 -- $53 / Sq Ft
Source: Richmond Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $1,813 $181,300 $22,300 $159,000
2023 $1,662 $166,200 $20,400 $145,800
2022 $860 $86,000 $18,400 $67,600
2021 $1,606 $80,300 $18,400 $61,900
2020 $1,584 $79,200 $18,400 $60,800
2019 $770 $79,200 $18,400 $60,800
2018 $752 $79,100 $18,400 $60,700
2017 $672 $76,200 $18,400 $57,800
2016 $658 $76,200 $18,400 $57,800
2014 $672 $78,200 $18,400 $59,800
2013 $672 $68,800 $18,400 $50,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Lackey

    Better Homes and Gardens First Realty Group

    (765) 200-0547

    99 Total Sales

    Brian Lackey
    Section Image
  • Tony Foust

    Buyer's Agent in 2022

    Tony Foust

    Coldwell Banker Lingle

    (765) 967-3051

    328 Total Sales

    Tony Foust
    Section Image
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Map

Source: Richmond Association of REALTORS®

MLS Number: 10044805

APN: 89-05-22-420-601.000-021

Indiana Wayne County Hagerstown 47346

199 W Madison St, Hagerstown, IN

This home is located at 199 W Madison St, Hagerstown, IN 47346 since 09 September 2022 and is currently estimated at $194,699, approximately $62 per square foot. This property was built in 1925. 199 W Madison St is a home located in Wayne County with nearby schools including Hagerstown Elementary School, Hagerstown Junior/Senior High School, and Locust Grove School.

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