629/631 Madison Street, Rochester, IN 46975 (MLS # 202607907)
Twitter
Facebook
Email
|
Prime Downtown Duplex- High-Demand Investment Opportunity: Unlock a high-performing addition to your portfolio with this well-maintained 2-unit property, perfectly situated just one block from Main Street. This prime location offers unmatched tenant appeal with an easy walk to local restaurants, shopping, The Times Theater, and the Nickel Plate Trail. This property is positioned for a gross monthly rent projection of $1,700, providing an attractive 6.8% Cap Rate for the savvy investor. Each unit features 1 bedroom and 1 bathroom with the added convenience of separate electric/gas meters and dedicated parking/storage in the detached 2-car garage. The larger south unit (#631) blends classic charm with modern updates, featuring hardwood floors in the living and dining rooms, a built-in china cabinet, a vintage-style kitchen with updated vinyl flooring, and brand-new bedroom carpeting. The north unit (#629) has been refreshed with new kitchen flooring, a new bathroom vanity, and updated bathroom flooring. The property is equipped for immediate occupancy with kitchen appliances and two window A/C units included. Tenants enjoy shared access to a locked laundry room featuring a washer and dryer. The utility structure is designed for ease of management: tenants are responsible for electric, gas for heat, internet, trash, and lawn maintenance, while the seller covers property taxes, insurance, water, and sewer. Whether you are looking for a turnkey rental or a strategic house-hack, this downtown gem offers both character and a solid return on investment.
| DAYS ON MARKET | 2 | LAST UPDATED | 3/11/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1900 |
| COUNTY | Fulton | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Rochester Community School Corp. |
|---|---|
| Elementary School | Columbia / Riddle |
| Jr. High School | Rochester Community |
| High School | Rochester Community |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Range, Refrigerator, Washer |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 41 x 120 |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | 1 Level |
| SUBDIVISION | None |
| TAXES | 1973 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
Listed with Lisa Goodman, LAKESHORE RLTRS, INCR
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 3/13/26 4:04 AM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 3/13/26 4:04 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Steve
Schwering to contact you even if your name is on a Federal or State
"Do not call List".