SIX-UNIT investment opportunity on 1.8 acres in Madison with immediate cash flow potential. Two buildings offer a total of six fully rented units, generating income today with the potential to exceed $7,000 per month. The property includes 12 bedrooms and 6 full baths across a versatile unit mix. The main house features a 3-bedroom, 1-bath unit on the main level, a 2-bedroom, 1-bath unit on the second floor (rent is $1,400/mo, lease expires 6/30/2027), and a 1-bedroom, 1-bath unit at the rear of the main level. The second building includes a 2-bedroom, 1-bath unit on the main level (rent is $1,200/mo, month-to-month lease), a 3-bedroom, 1-bath unit on the second floor (rent is $1,200/mo, lease expires 10/31/2026), and a studio apartment with a full bath in the walkout basement. Some units offer in-suite laundry, adding convenience for tenants. All utilities are currently included in the rent. Situated on a spacious 1.8-acre parcel with ample outdoor space, this is an excellent opportunity to expand or add to an investment portfolio with a fully occupied, income-producing property. Recent updates include full renovation of the back unit in the main building (2024) and replaced kitchen appliances in 1st-floor unit and loft unit of red building (2025).
Madison is located in Ohio. Madison, Ohio has a population of 3,396. Madison is more family-centric than the surrounding county with 37.54% of the households containing married families with children. The county average for households married with children is 26.8%.
The median household income in Madison, Ohio is $77,000. The median household income for the surrounding county is $70,168 compared to the national median of $69,021. The median age of people living in Madison is 44.9 years.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 38.8 inches per year, with 70.1 inches of snow per year.
