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308 S Madison Street, 
Bloomington, IN 47403

$499,000


5

Beds


3

Baths


2,351

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Scott Owens

Owens Realty Group

Last updated:

July 10, 2025, 04:18 PM

MLS#

202524536

Source:

Indiana Regional MLS

About This Home

308 S Madison Street

Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1930

Price Summary

499,000

$212 per Sq. Ft.

MLS #:

202524536

Last Updated:

July 10, 2025, 04:18 PM

Added:

16 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,351 Sq. Ft.


Structure

Structure

Architectural Style:

One and Half Story

Building Area:

2,754 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$212 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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