508 W State St, Madison
$159,900
3 Bedrooms
2 Baths
1200 Sq. Ft.
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  • Property Details
    • Property Type:Single Family
    • MLS#:202506124
    • Status:Active
    • Sq. Feet:1200
    • On Site:58 Days
    • Lot Size:0.07 Acres
    • School System:N/A

    Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional rooms perfect for bedrooms or office space along with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don't miss your chance schedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly. Zoned General Business.

    Price History
    4/1/2025
    Price Dropped
    -$2,600 (-1.6%)
    $159,900
    Community Information
    Address:508 W State St
    County:Jefferson_In
    Neighborhood:N/A
    State:IN
    City:Madison
    Zip Code:47250
    Architecture
    Bedrooms:3
    Bathrooms:2
    Stories:1.5
    Year Built:1974
    Construction Materials: Vinyl Siding
    Building Area: 1200.0
    Style:OneAndOneHalfStory
    Rooms
    SizeLevel
    Living Room15 x 13.11First
    Dining Room9.7 x 9.5First
    Kitchen8.4 x 12.7First
    Bedroom12.4 x 13.1First
    Full BathFirst
    Bedroom12 x 12Second
    Bedroom12 x 12Second
    Full BathSecond
    Other5.3 x 8First
    Other30 x 12Second
    Property Features / Amenities
    Lot Size: 0.07 Acres
    Lot Size (Sq.Ft.): 3049.2
    Garage Spaces: 1.0
    Parking Features: Attached, Garage
    Sewer: Public Sewer
    Water: Connected, Public
    Road Surface: Paved
    Zoning: Residential,Commercial
    Appliances: Dryer, Oven, Range, Refrigerator, Washer
    Laundry: Main Level, Laundry Room
    Exterior Features: Deck
    Patio And Porch: Deck
    Cooling: Central Air
    Heating: Forced Air
    Total Rooms: 10
    Directions: From Main Street head North onto Cragmont Street. In 1.7 miles make a left at the 4-way stop. The property will be located immediately to your right.
    Tax and Financial Info
    Tax Annual Amount: $1, 258
    Terms: Cash, Conventional
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    Listing Information Last Updated 4/26/2025

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker/Scott Lynch Group are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.

    FC Tucker Lynch Group

    FC Tucker Lynch Group

    (812) 265-3122
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    Home for sale at 508 W State St Madison, IN 47250 with the MLS 202506124 on FCTLynchGroup.com. The home at 508 W State St Madison, IN 47250 is currently for sale and features 3 bedrooms, 2 bathrooms, 1200 sq. ft. of living space, and is listed for sale at $159,900. You can search Indianapolis area properties for a home, a house, a condo, or a patio home to find real estate in Indianapolis, IN. You are viewing the official Indianapolis MLS listing details of the home for sale at 508 W State St Madison, IN 47250 which is MLS # 202506124. The home has been listed on this site for 57 days and is found in the neighborhood.
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