308 E Madison St Goshen, IN 46526
Historic Southside NeighborhoodEstimated payment $1,795/month
About This Home
Cash-flowing 5-unit apartment building for sale! Calling all investors, here is your chance to add 5 updated units to your portfolio and start making money instantly. Brand new roof just installed in 2025. 4 out of 5 units remodeled in 2024. All 5 units occupied making this a true turn-key acquisition. Act quickly, these opportunities do not present themselves often!
Listing Agent
At Home Realty Group Brokerage Phone: 574-299-3184 Listed on: 07/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,885
Year Built
- Built in 1940
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 40x54
Home Design
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Schools
- West Goshen Elementary School
- Goshen Middle School
- Goshen High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Gas Water Heater
Listing and Financial Details
- The owner pays for building insurance, electric, heating, maintenance, sewer, trash collection, water
- Assessor Parcel Number 20-11-09-480-013.000-015
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $98
- Fuel Expense $2,565
- Insurance Expense $1,248
- Maintenance Expense $3,727
- Trash Expense $308
- Water Sewer Expense $1,920
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 |
|---|---|---|---|---|
| 2024 | $3,885 | $159,400 | $8,700 | $150,700 |
| 2022 | $3,885 | $134,500 | $8,700 | $125,800 |
| 2021 | $2,874 | $120,000 | $8,700 | $111,300 |
| 2020 | $2,037 | $75,400 | $4,500 | $70,900 |
| 2019 | $1,901 | $76,500 | $4,500 | $72,000 |
| 2018 | $1,795 | $76,200 | $4,500 | $71,700 |
| 2017 | $1,755 | $85,600 | $4,500 | $81,100 |
| 2016 | $1,809 | $85,600 | $4,500 | $81,100 |
| 2014 | $1,922 | $93,300 | $4,500 | $88,800 |
| 2013 | $1,824 | $91,200 | $4,500 | $86,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Pending | -- | -- | -- |
| 09/20/2025 09/20/25 | Price Changed | $279,900 | -5.1% | $137 / Sq Ft |
| 07/21/2025 07/21/25 | For Sale | $295,000 | -- | $144 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Fidelity National Title Compan | |
| Warranty Deed | $90,000 | Near North Title Group | |
| Warranty Deed | -- | Near North Title Group |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $139,000 | New Conventional | |
| Previous Owner | $139,000 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202528514
APN: 20-11-09-480-013.000-015
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