946 Saddle Tree Ln Madison, IN 47250
Property details
About 946 Saddle Tree Ln
Discover a fantastic investment opportunity with this 3-unit residential and 2 car garage rental property conveniently located in downtown Madison and minutes from the Madison Hilltop. The property features two one-bedroom apartments on the second floor, a first-floor efficiency unit, and a shared utility room with a coined washer and dryer. Additionally, a spacious 23x26 two-car garage offers extra storage or rental potential. With its prime location and income-generating design, this property is a must-see for investors. Tenants are on a month to month lease at $650/month, includes water, sewage, trash and internet. Tenants pay electric and provides their own window a/c units. Apartments are metered separately. Apartments are metered separately. Tenants in units 1 & 2 have been there over 4 years, efficiency unit is currently vacant. Garage is used by seller, but could rent for $300- $400/month. Only one of the garage doors has an opener. Washer & Dryer produces about $50/month in income.
Highlights
Summary
- MLS Number: 1676399
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: EXP Realty LLC
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$199,900
946 Saddle Tree Ln
$2,374
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $49,700 | $994 |
| 2021 | $35,000 | $694 |
| 2020 | $34,700 | $694 |
| 2018 | $34,700 | $694 |
| 2017 | $38,300 | $766 |
History based on county public records data.
Nearby schools
7
Lydia Middleton Elementary School
Public District PK-4
0.8 mi
•714 W Main St
4
Anderson Elementary School
Public District PK-4
2.1 mi
•2325 Cherry Dr
6
Rykers' Ridge Elementary School
Public District PK-4
3.1 mi
•2485 N Rykers Ridge Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,342. Typical income of Madison, IN residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country- Classic Country
This home is located at 946 Saddle Tree Ln in Madison, IN and zip code 47250. This 1,800 square foot home, which was built in 1971, sits on a 0.08 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $199,900.
In February 2025 more than 1 listings in Madison, IN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below. In February 2025 in Madison, IN there were 25% less homes for sale than in January. The median list price of listings available in February 2025 was $197,500, while the average time on the real estate market was 6 days.