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1017 W First Street, Madison, IN 47250

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For Sale

$239,000

3 beds • 2 baths • 1 half baths • 2,672 sqft

Estimated Payment

$ 1,230 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $89.45
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Discover the charm and potential of this historic two-story brick home, perfectly situated on a corner lot in the heart of downtown Madison. Once a three-unit rental property, the current seller has already begun transforming the interior into a two-apartment layout with an efficiency or office space. Alternatively, it can be easily converted into a single-family residence. This home boasts recent updates, including fresh exterior paint, all-new windows (excluding the sunroom), new shingles installed in 2021, and two inverted heat pumps added in 2024. The property comes equipped with brand-new appliances, including two refrigerators, two stoves, two microwaves, and a washer and dryer. Hardwood floors run throughout the home, adding timeless elegance. All building materials are included with the property, making it ready for your finishing touches. Located near the Riverwalk and Main street, this home offers convenient access to all the vibrant amenities of downtown Madison.
MLS# 204637

Courtesy Of EXP REALTY LLC

(866) 212-4991

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Stick
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Heating System
    Heat Pump
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 1017 W First Street, Madison, IN 47250

Home seller CENTURY 21 River Valley Real Estate, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 River Valley Real Estate, Inc.

(812) 273-1234
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,230
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,230

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Madison Consolidated Jr High School

Grades 4-8 Public School

Madison, IN 47250 2.3 miles
701 8th st

814 total students
74:1 Student teacher ratio

School Rating: C+

School Details

Lydia Middleton Elementary School

Grades PK-4 Public School

Madison, IN 47250 0.3 miles
714 w main st

306 total students
16:1 Student teacher ratio

School Rating: A-

School Details

Madison Consolidated High School

Grades 9-12 Public School

Madison, IN 47250 2.6 miles
743 clifty dr

778 total students
17:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
Pope John Xxiii Elementary School 1.5 miles Private PK-6
E.o. Muncie Jr/sr High School 1.9 miles Public 7-12
Anderson Elementary School 2.3 miles Public PK-4 C
Milton Elementary School 3.6 miles Public PK-6 F
Rykers' Ridge Elementary School 4.2 miles Public PK-4 B-
Southwestern Middle School 4.6 miles Public 6-8 D
Southwestern High School 4.7 miles Public 9-12 C
Southwestern Elementary School 4.8 miles Public PK-5 C

Pope John Xxiii Elementary School

Distance: 1.5 miles

Type Private

Grades: PK-6

E.o. Muncie Jr/sr High School

Distance: 1.9 miles

Type Public

Grades: 7-12

Anderson Elementary School

Distance: 2.3 miles

Type Public

Grades: PK-4

C

Milton Elementary School

Distance: 3.6 miles

Type Public

Grades: PK-6

F

Rykers' Ridge Elementary School

Distance: 4.2 miles

Type Public

Grades: PK-4

B-

Southwestern Middle School

Distance: 4.6 miles

Type Public

Grades: 6-8

D

Southwestern High School

Distance: 4.7 miles

Type Public

Grades: 9-12

C

Southwestern Elementary School

Distance: 4.8 miles

Type Public

Grades: PK-5

C

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Madison, IN 47250

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Madison, IN 47250

This community’s employment is highest in the production occupations and administrative support industries. The area’s overall household expenses are below the national average.

87° July
Hottest Average Month
21° January
Coldest Average Month
9,226 Total Households in Area
-0.4% Increase in population since the year 2010
29.1%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Madison, IN 47250

Madison, IN 47250 has a population of 22,215 people in 9,226 households with a median age of 43.8 years old.

-0.4%
Decrease in population
since the year 2010
Population is Trending down
9,203
Total households as of 2010
2.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 43.8 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 91%
Hispanic 3%
Other 2%
Black 2%
Asian 1%
Native American <1%
The most prevalent ethnicity is White at 91%, followed by Hispanic at 3%, Other at 2%, and Black at 2%.

Economics
for Madison, IN 47250

97 /sq mi
Population Density
$54,121 /yr
Median Household Income
$0
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.06% of the households.

Transportation to Work

  • Drive 92%
  • Work from Home 5%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 5,907 58%
Rented 3,319 33%
Vacant 918 9%

White vs Blue Collar Jobs







White Collar 61%
Blue Collar 39%

Family & Education Facts
for Madison, IN 47250

43.8 Median Age

Average Household Size

2.3
persons per
household

40.9%

Married Households

Community Population By Education

High School Graduate 39%
Some College 20%
Bachelors Degree 14%
Associates Degree 10%
Some High School 10%
Graduate Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.67% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
29.1% of households have children

Weather
for Madison, IN 47250

The weather for this area ranges from a high of 87° F in July to a low of 21° F in January

87° July
Hottest Average Month
21° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
40°
Feb
23°
43°
Mar
32°
54°
Apr
42°
66°
May
51°
75°
Jun
60°
83°
Jul
64°
87°
Aug
62°
86°
Sep
55°
80°
Oct
44°
69°
Nov
34°
54°
Dec
25°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Madison, IN 47250!
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Copyright © 2025 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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