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118 Ferry Street, 
Madison, IN 47250

$479,900

3

Beds

3

Baths

1,494

Sq Ft

Single Family

Active

Listed by

Maleha Jones

F.C. Tucker/Scott Lynch Group

812-265-3122

Last updated:

July 29, 2026, 04:23 PM

MLS#

202609731

Source:

IN SIRA

About This Home

118 Ferry Street

Located just one block from the Ohio Riverfront, this turnkey triplex investment property offers three updated rental units and multiple income streams through existing tenants and a proven AirBnB operation. Unit 1 and 2 feature comfortable one-bedroom layouts with full kitchens, living rooms, and baths, while Unit 3 offers a studio setup with a full bath. Each unit has been thoughtfully updated with luxury vinyl plank flooring, granite countertops, new cabinetry, and stainless-steel appliances within the last 4 years. Additional recent improvements include a newer roof (2023), newly paved patio (2023), new water heaters (Unit 2 & 3), and an added water softener, ensuring low-maintenance ownership for years to come. With off-street parking, attractive river views, and a location that puts residents within walking distance of the waterfront, this is an investment opportunity you won't want to miss!

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 1900

Price Summary

479,900

$321 per Sq. Ft.

MLS #:

202609731

Last Updated:

July 29, 2026, 04:23 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,494 Sq. Ft.

Structure

Structure

Architectural Style:

Two Story

Building Area:

1,494 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

3,049

Finances & Disclosures

Finances

Price:

$479,900

Price per Sq. Ft:

$321 per Sq. Ft.

Source:IN SIRA
The information being provided by Southern Indiana REALTORS® Association, Inc. is for the consumer’s 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 information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Southern Indiana REALTORS® Association, Inc. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.