629/631 Madison Street | Image 1
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629/631 Madison Street | Image 2
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629/631 Madison Street | Image 5
629/631 Madison Street | Image 6
629/631 Madison Street | Image 7

$209,900

For Sale

7 hours ago

MLS® 202607907

2 Bed

2 Bath

1297 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 1297 sqft
Garage No
HOA Fees $1,000
Taxes $1,973
Days Active 0
Approx. Age 1900
Avg. Price Per Sqft $161
MLS® Number 202607907

Property Address: 629/631 Madison Street, Rochester, IN, 46975

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

Description

Prime Downtown Duplex- High-Demand Investment Opportunity: Unlock a high-performing addition to your portfolio with this well-maintained 2-unit property, perfectly situated just one block from Main Street. This prime location offers unmatched tenant appeal with an easy walk to local restaurants, shopping, The Times Theater, and the Nickel Plate Trail. This property is positioned for a gross monthly rent projection of $1, 700, providing an attractive 6.8% Cap Rate for the savvy investor. Each unit features 1 bedroom and 1 bathroom with the added convenience of separate electric/gas meters and dedicated parking/storage in the detached 2-car garage. The larger south unit (#631) blends classic charm with modern updates, featuring hardwood floors in the living and dining rooms, a built-in china cabinet, a vintage-style kitchen with updated vinyl flooring, and brand-new bedroom carpeting. The north unit (#629) has been refreshed with new kitchen flooring, a new bathroom vanity, and updated bathroom flooring. The property is equipped for immediate occupancy with kitchen appliances and two window A/C units included. Tenants enjoy shared access to a locked laundry room featuring a washer and dryer. The utility structure is designed for ease of management: tenants are responsible for electric, gas for heat, internet, trash, and lawn maintenance, while the seller covers property taxes, insurance, water, and sewer. Whether you are looking for a turnkey rental or a strategic house-hack, this downtown gem offers both character and a solid return on investment.
MLS® Number202607907
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Land

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$209,900List Price
  • Commute

Commute

Starting Address
Destination Address
629/631 Madison Street, Rochester, IN

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