228 S Madison Street, Knightstown, IN 46148

Knightstown
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
228 S Madison Street,Knightstown, IN 46148
$120,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin lowe, david orton
Office: ellsbury group
MLS#:22098161
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$120,000

About this home

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

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Home facts

  • Year built:1950
  • Subdivision & Development:No Subdivision
  • Listing ID #:22098161
  • Added:129 day(s) ago
  • Updated:September 04, 2026 at 03:12 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1950
  • Lot area:0.17 Acres
  • Construction Materials:Brick, Stucco
  • Exterior Features:Storage Shed

Schools

  • High school:Knightstown High School
  • Elementary school:Knightstown Elementary School

Finances and disclosures

  • Price:$120,000
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