906 N Madison St
Listing Notes
Prime Investment Opportunity - Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floor-appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325. 2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $210,000 to $439,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 617 W 9th St | $210,000 | — |
| 841 N Madison St | $219,900 | 5 bd · 2 ba |
| 910 N Madison St | $225,000 | Studio |
| 817 N Madison St | $225,000 | 3 bd |
| 1010 N Monroe St | $225,000 | 3 bd · 2 ba |
| 628 W 9th St | $228,000 | 3 bd · 2 ba |
| 848 N Madison St | $235,000 | 3 bd · 2 ba |
| 611 W 9th St | $238,750 | 3 bd · 2 ba |
| 1003 N Madison St | $239,900 | 3 bd · 2.5 ba |
| 603 W 8th St | $239,900 | 4 bd · 2.5 ba |
| 601 W 8th St | $239,900 | 4 bd · 2.5 ba |
| 802 N Madison St | $254,900 | 3 bd · 2 ba |
| 1002 N Monroe St | $263,000 | 3 bd · 2 ba |
| 713 W 10th St | $269,900 | 3 bd · 2.5 ba |
| 605 W 9th St | $275,000 | 3 bd · 3 ba |
| 830 N Monroe St | $279,999 | 4 bd · 3.5 ba |
| 828 N Madison St | $289,999 | 3 bd · 2 ba |
| 613 W 10th St | $300,000 | 4 bd · 3 ba |
| 1018 N Monroe St | $310,000 | 4 bd · 2.5 ba |
| 608 W 9th St | $314,000 | 3 bd · 2.5 ba |
| 837 N Madison St | $325,000 | 4 bd · 1.5 ba |
| 901 N Jefferson St | $395,000 | — |
| 1017 N Madison St | $435,000 | 8 bd |
| 902 N Madison St | $439,900 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more