This triplex located at 228 South Madison Street in Knightstown, Indiana. Built in 1950, the property features three units with efficient layouts and offers significant value-add potential. With one unit already renovated and ready for immediate occupancy, an investor can generate rental income while completing the remaining two units. The property consists of two 2-bedroom units and one 1-bedroom unit, appealing to a wide range of tenants. The two-bedroom units include dedicated laundry hookups, a highly desirable amenity that enhances convenience and increases tenant demand. This asset presents a clear opportunity to maximize rental income through strategic renovations and operational improvements, allowing investors to capitalize on existing market inefficiencies. With its efficient unit mix, modern amenities, and substantial upside, this triplex represents a compelling investment opportunity for buyers seeking a high-potential asset

Based on information submitted to MIBOR as of August 2, 2026 5:06 PM UTC . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Name

Your Email Address

Phone

Message Send me the deed for 228 S Madison Street Knightstown IN 46148 (ID#:22098161)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 228 S Madison Street Knightstown IN 46148 (ID#:22098161)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 228 S Madison Street Knightstown IN 46148 (ID#:22098161)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details

Basic Information

Property

Location

Community

Schools

Map Location

CENTURY 21 Scheetz - Fishers

Listing Tools

Hi there! How can we help you?

Send to a friend

Property Details

Basic Information

Property

Location

Community

Schools

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

CENTURY 21 Scheetz - Fishers