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Listed price in listed location currency (USD).
$120,000

000

MLS® 22098161

Overview

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 2
Lot Size 
Approx. Age 1950
MLS® Number 22098161

Property Address: 228 S Madison St, Knightstown, IN, 46148-1385

Average square foot calculated using Size range provided by listing agent.

Description

This triplex located at 228 South Madison Street in Knightstown, Indiana. Built in 1950, the property features three units with efficient layouts and offers significant value-add potential. With one unit already renovated and ready for immediate occupancy, an investor can generate rental income while completing the remaining two units. The property consists of two 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The two-bedroom units include dedicated laundry hookups, a highly desirable amenity that enhances convenience and increases tenant demand. This asset presents a clear opportunity to maximize rental income through strategic renovations and operational improvements, allowing investors to capitalize on existing market inefficiencies. With its efficient unit mix, modern amenities, and substantial upside, this triplex represents a compelling investment opportunity for buyers seeking a high-potential asset
MLS® Number22098161
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 27, 2026List Date
$120,000List Price

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