# 308 S Madison Street, Bloomington, IN 47403

> **TL;DR:** 5bd/3ba residential multi family, $499,000 ($212/sqft), 2,351 sqft.
> Basement. Est. $2,162/mo. Listed 288 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,000 |
| Price/sqft | $212 |
| Bedrooms | 5 |
| Bathrooms | 3 full |
| Square Feet | 2,351 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 288 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,162 |
| **Total** | **$2,162** |

## Nearby Schools

- **Elementary:** Fairview
- **Middle:** Tri-North
- **High:** Bloomington North

## Key Amenities

- Basement

## Property Highlights

- 0.20 acre lot
- 1.5 stories

## Description

### Agent Description
Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison).  Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a lovely kitchen which has been remodeled, plus it features renovated bathrooms. The second unit (308.5 S Madison) has a new bathroom, refreshed kitchen and new heating and cooling systems. There is a laundry area for the apartment in the garage. Both units rent easily; inquire for rental information. Homestead tax exemption not currently filed; taxes would be lower with homestead exemption. Listing agent is owner.

## Location

- **Address:** 308 S Madison Street, Bloomington, IN 47403
- **County:** Monroe County
- **Neighborhood:** None
- **Coordinates:** 39.164201, -86.537666
- **Google Maps:** https://www.google.com/maps?q=39.164201,-86.537666

## Listing Agent

- **Name:** Scott Owens
- **Brokerage:** Owens Realty Group
- **Phone:** 8123226888
- **Email:** scott@owensrealtygroup.com

## Primary Photo

![308 S Madison Street - Primary Photo](http://lh.rdcpix.com/54ad983d5e96b0d3cbeda4ab14c074a1l-f1396485758r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/308-s-madison-street-bloomington-in-47403-02524536)*

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**MLS#:** 202524536 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/308-s-madison-street-bloomington-in-47403-02524536)

---

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