Downtown Madison Living with all the options! This beautiful Federal Row house has been restored from the bottom up! It is a 2 Unit building with each unit having 2 bedrooms/1 Bathroom/laundry. You can live in one and rent out the other or have it as a great investment opportunity very convenient to all the fun and festivities in Madison! The hard to find downtown yard has the original iron gate with fence at the road, enough area for a garden or for pets plus room to add a garage! The alley access makes pulling in a breeze! All appliances, flooring and fixtures are new. All utilities are separate except for water/sewer. One unit has a new water heater, new furnace/AC, the other unit has a new water heater, new AC and furnace is just a few years old. Schedule a tour today!
Sold for $374,500
$374,500
721 Walnut, Madison, IN 47250
4beds
2,320sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$216,300 Zestimate®
$161/sqft
$1,012 Estimated rent
Home value
$216,300
$162,000 - $281,000
$1,012/mo
Zestimate® history
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$1,012/mo
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$1,789/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 08:17am
Listed by:
Robin Mingione,
eXp Realty, LLC
Bought with:
John Harrell, RB14042161
Coldwell Banker Harrell & Asso
Source: SIRA,MLS#: 202506000
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Description: Flooring: Carpet
- Level: First
- Dimensions: 10.3 x 16.5
Bedroom
- Description: Flooring: Carpet
- Level: First
- Dimensions: 11.10 x 16.5
Bedroom
- Description: decor. fireplace, stairs,Flooring: Carpet
- Level: Second
- Dimensions: 12.9 x 16.6
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 10 x 16.6
Family room
- Description: Outside access,Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: First
- Dimensions: 14.8 x 14.8
Family room
- Description: Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: Second
- Dimensions: 14.9 x 14.6
Other
- Description: Walk in shower W/D hookup,Flooring: Tile
- Level: First
- Dimensions: 6.10 x 10.4
Other
- Description: Shower, W/D Hookup,Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: Second
- Dimensions: 10.10 x 7
Kitchen
- Description: Outside access,Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: First
- Dimensions: 14 x 14.8
Kitchen
- Description: Outside access,Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: Second
- Dimensions: 14.9 x 11
Other
- Description: Pantry,Flooring: Luxury Vinyl,Luxury VinylPlank
- Level: Second
- Dimensions: 3.8 x 7
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Laundry: Main Level, Other
Features
- Ceiling Fan(s), Kitchen Island, Mud Room, Pantry, Utility Room, Vaulted Ceiling(s)
- Basement: Unfinished,Sump Pump
- Number of fireplaces: 2
- Fireplace features: Decorative
Interior area
- Total structure area: 2,320
- Total interior livable area: 2,320 sqft
- Finished area above ground: 2,320
- Finished area below ground: 0
Property
Parking
- Details: Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Covered, Deck, Patio
- Exterior features: Balcony, Deck, Patio
- Frontage length: 53
Lot
- Size: 5,227 sqft
- Features: Garden
Details
- Parcel number: 390835443052000007
- Zoning: Residential,Historic Dist
- Zoning description: Residential,Historic District,Multi Family
- Wooded area: 0
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Historic/Antique,Two Story
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick, Wood Siding
- Foundation: Stone, Cellar
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Madison
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2025 | Sold | $374,500-6.4%$161/sqft |
Source:  SIRA #202506000 Report a problem | ||
| 2/21/2025 | Listed for sale | $399,900+406.2%$172/sqft |
Source: SIRA #202506000 Report a problem | ||
| 10/22/2011 | Listing removed | $79,000$34/sqft |
Source: Coldwell Banker Harrell & Associates, Inc. Report a problem | ||
| 3/2/2011 | Price change | $79,000+99900%$34/sqft |
Source: Coldwell Banker Harrell & Associates, Inc. Report a problem | ||
| 2/25/2011 | Price change | $79-99.9% |
Source: Coldwell Banker Harrell & Associates, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,036 +7.8% | $108,300 +6.4% |
| 2023 | $1,888 +5% | $101,800 +7.8% |
| 2022 | $1,798 +3% | $94,400 +5% |
Find assessor info on the county website
Neighborhood: 47250
Nearby schools
GreatSchools rating
- 9/10Lydia Middleton Elementary SchoolGrades: PK-4Distance: 0.7 mi
- 6/10Madison Consolidated Jr High SchoolGrades: 5-8Distance: 2.5 mi
- 6/10Madison Consolidated High SchoolGrades: 9-12Distance: 2.6 mi
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- Indiana
- Jefferson County
- Madison
- 47250
- 721 Walnut