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Invest in Madison!

List Price: $380,000

Category:

Multi-Family

Bedrooms:

Bathrooms:

Parking Space:

5-10

Year Built:

1900

Lot Size:

.5 Acres

Square Footage:

2,500

Stories:

MLS#:

1651300

Description of Property at

8 Thomas St

Extensively renovated 4-unit multifamily in a quiet, in-town Madison location with strong value-add potential. Since 2018, the owner has redesigned each unit entirely and completed multiple additions, along with full re-insulation of walls, ceilings, and floors and added 2x6 posts for additional structural support in areas of expansion. Distinctive finishes include reclaimed wood accent walls crafted from original materials and reclaimed brick feature walls salvaged during chimney removal. All four units are 1-bedroom layouts, each offering private outdoor space with a balcony or patio. One interior unit remains in progress, and exterior improvements—including remaining siding, staircases, balconies, and railings—present an opportunity for a buyer to complete the final phase and add value. Rear stair components for the second-floor balconies have already been purchased and are ready for installation. The lot provides room for a future garage, and the property is not zoned, allowing flexibility for residential or commercial use (buyer to verify). An additional storage structure is included and conveyed as-is. Conveniently located near town amenities while maintaining a quiet neighborhood setting. Seller is finalizing siding installation and minor touch ups for move-in readiness. This property is currently operating successfully as a short-term vacation rental on platforms including Airbnb, Vrbo, and Booking.com, providing a strong, established, source of supplemental income for the owner.

Amenities, Community, & other Features at 8 Thomas St

Interior Amenities: Cooling - Window Unit, Heating - Direct Vent, Heating-Hot Water, Radiator, Tankless Water Heater
Exterior Amenities: Balcony, Covered Entry Porch, Deck, Patio, Sewer - Public, Water - Public
Appliances: Full Refrigerator, Range/Oven, Stainless Steel Appliances, Washer/Dryer

This Virtual Tour was Provided courtesy of Elevate Aerial and Photography