227 SW Range Ave

$498,000
Price
Beds
Baths
7,375 Sq. Ft.
$68 / Sq. Ft.
7,375
Sq. Ft.
$68
per Sq. Ft.

Description

Income producing! This property offers six rentals with very little turnover in tenants. Included is a two-bedroom apartment, two efficiency apartments, a large storefront, and two small storefronts, as well as an office space currently used by the owner, but could be another rental. Located in beautiful downtown Madison, FL, this historic building has stories to tell. If you are seeking an investment property, this is worth taking a look.Income producing! This property offers six rentals with very little turnover in tenants. Included is a two-bedroom apartment, two efficiency apartments, a large storefront, and two small storefronts, as well as an office space currently used by the owner, but could be another rental. Located in beautiful downtown Madison, FL, this historic building has stories to tell. If you are seeking an investment property, this is worth taking a look.
  1. Listed by Jessica Webb • A Main Street Realty Co, LLC

Property Details for 227 Southwest Range Avenue

Architectural Style
TwoStory
Parking Features
OnStreet
Subdivision Name
none
LISTING UPDATED: 08/04/2025 10:51 PM

Property Details for 227 Southwest Range Avenue

StatusActive
MLS #381473
Days on Market326
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi Family
Year Built-
Lot Size-
CountyMadison County

Location

Listing Courtesy of A Main Street Realty Co, LLC
Add your commute

Building Information for 227 Southwest Range Avenue

Stories-Residences6Year Built-Building Size-Lot Size-

Payment Calculator

$2,654 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,461

Property Taxes

$193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 227 Southwest Range Avenue

Summary
Location and General Information
  • City: Madison
  • County Or Parish: Madison
  • Directions: Two blocks south of courthouse on Range Ave.
  • Postal Code: 32340
  • Latitude: 30.467527
  • Longitude: -83.412656
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12079-00-00-00-3729-001-000
  • Association Fee: $.00
  • Tax Block: 0
  • Tax Lot: 0
School Information
  • Elementary School: Other
  • High School: Madison County High School
  • Middle Or Junior School: Madison County
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 7375.0
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • Construction Materials: Masonite, VinylSiding
Interior Features
  • Flooring: Carpet, Vinyl, Wood
  • Cooling: Yes
  • Cooling: CentralAir, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Appliances: Refrigerator
  • Fireplace: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Rental
Rental Information
  • Lease Considered: No
  • Lease Term: Other

Property History for 227 Southwest Range Avenue

DateEvent & SourcePriceAppreciation
Mar 27, 2025

Price Change

CATRS #381473

$498,000
Feb 3, 2025

Listed (Active)

CATRS #381473

$525,000
Nov 21, 2017

Sold (Public Record)

Public Record #610710713

$68,571
DateEvent & SourcePrice
03/27/2025

Price Change

CATRS #381473

$498,000
02/03/2025

Listed (Active)

CATRS #381473

$525,000
11/21/2017

Sold (Public Record)

Public Record #610710713

$68,571

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 227 Southwest Range Avenue

Taxable ValueLand$28,759Additions$79,826Total$108,585
Tax Record2025$2,312 ($193 / month)
Home Facts
Total Finished SqFt5,375 SqFtAbove Grade Finished SqFt5,375 SqFtStories2Lot Size2,483 SqFtStyleStoresYear Built1939CountyMADISONAPN00-00-00-3729-001-000

Schools near 227 Southwest Range Avenue

This home is within Madison.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 12
Public - K to 12
Rating
School
Distance
Madison County Central School
PublicPK to 8

Madison County High School
Public9 to 12

Madison Virtual Instruction Program
PublicK to 12

Madison Virtual Franchise
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

227 Southwest Range Avenue is a multi-family home for sale in Madison, FL 32340. This property was listed for sale on February 3, 2025 by A Main Street Realty Co, LLC, it's currently listed at $498,000. It has been on the market for a total of 326 days and was last sold on November 21, 2017. This listing's school district is Madison. Nearby schools include Madison County Central School, Madison County High School and Madison Virtual Instruction Program. 227 Southwest Range Avenue is a 0-bed, 0-bath, 7,375 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of A Main Street Realty Co, LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.