404 East Madison Avenue

3,232 Sq. Ft.
$43 / Sq. Ft.
3,232
Sq. Ft.
$43
per Sq. Ft.

Description

This well-maintained duplex features two spacious 3-bedroom, 1-bath units, each currently rented on month-to-month leases at $900 per month. Together, the property produces $1,800 in monthly rental income with reliable tenants already in place. Both units offer generous layouts and strong rental appeal, making this an excellent choice for investors seeking immediate cash flow. The flexible month-to-month leases offer options to continue as is. Adjust rents, or explore owner-occupancy. Conveniently...This well-maintained duplex features two spacious 3-bedroom, 1-bath units, each currently rented on month-to-month leases at $900 per month. Together, the property produces $1,800 in monthly rental income with reliable tenants already in place. Both units offer generous layouts and strong rental appeal, making this an excellent choice for investors seeking immediate cash flow. The flexible month-to-month leases offer options to continue as is. Adjust rents, or explore owner-occupancy. Conveniently located near local amenities, this property offers a combination of stability and future potential.
  1. Listed by Jessica McCune • Brokerage DRE #2017004306 • Berkshire Hathaway Professional Realty
    P: (937)-863-1012 Jmccunereal@gmail.com

Property Details for 404 East Madison Avenue

Subdivision Name
Robert Rodgers Add 06
LISTING CLOSED: 10/22/2025 12:00 AM

Property Details for 404 East Madison Avenue

StatusClosed
MLS #1041285
Days on Market42
Taxes$1,968 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.17 AC / 7,405 SF
CountyClark County

Location

Listing Courtesy of Berkshire Hathaway Professional Realty

Sold By Lagonda Creek Real Estate, LLC

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Building Information for 404 East Madison Avenue

Stories-Residences2Year Built1911Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$862 per month

30 year fixed, 6.36% Interest

Principal and Interest

$698

Property Taxes

$164

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 404 East Madison Avenue

Summary
Location and General Information
  • Directions: North on N Limestone Right on E Madison to 404 E Madison.
  • High School District: 1206 Springfield CSD
  • MLS Area Major: 012 N OF MAIN / E OF LIMESTONE
  • MLS Area Minor: 012 N OF MAIN / E OF LIMESTONE
  • Township: Springfield
Taxes and HOA
  • Parcel Number: 3400700035215023
  • Parcel ID: 3400700035215023
  • Semi Annual Tax: $983.89
  • Tax Year: 2024
Parking
  • Has Attached Garage: No
  • Parking Features: No Garage
Property
Lot Information
  • Building Area Total: 3232.0
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Dimensions: 0.172
  • Lot Size Square Feet: 7405.2
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Auction: No
  • Manufactured Home: No
  • Water Source: Supplied Water
  • Year Built: 1911
Taxes and HOA
  • Condo Lot: No
  • HOACOA: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Bathrooms Full: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 6
  • Heating: Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Units Rooms : Gross Monthly Rent: $1,800.00
Unit Information
Unit 1
  • Bedrooms: 3
  • Full Baths: 1
  • Garage Attached: No
Unit 2
  • Bedrooms: 3
  • Full Baths: 1
  • Garage Attached: No

Property History for 404 East Madison Avenue

DateEvent & SourcePriceAppreciation
Oct 22, 2025

Sold

Western Regional Information Systems & Technology #1041285

$140,000
Sep 25, 2025

Contract Signed

Western Regional Information Systems & Technology #1041285

Sep 22, 2025

Listed (Active)

Western Regional Information Systems & Technology #1041285

$150,000
DateEvent & SourcePrice
10/22/2025

Sold

Western Regional Information Systems & Technology #1041285

$140,000
09/25/2025

Contract Signed

Western Regional Information Systems & Technology #1041285

09/22/2025

Listed (Active)

Western Regional Information Systems & Technology #1041285

$150,000

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

Schools near 404 East Madison Avenue

This home is within Springfield City School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lagonda Elementary School
PublicK to 6

Roosevelt Middle School
Public7 to 8

Springfield High School
Public9 to 12

Springfield School of Innovation
Public9 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.

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Listing Courtesy of Berkshire Hathaway Professional Realty

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