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Just Listed

$699,000

303 Madison Street, Madisonville, TX 77864

City/Madisonville

Bedrooms3
Bathrooms5
Sq Ft5,601
Acres0.83
Year Built1935

About This Property

Timberwilde Terrace is a Prime Income-Producing residential/commercial mixed-use property on .82 acres in Downtown Madisonville offering 3 functional buildings. This versatile investment features two structures, highlighted by a large main building with distinct dual-income streams. The second floor features a spacious, well-maintained 2,000 S.F. 3BR/2BA apartment currently used as a rental, with a deck, dedicated tenant parking, and an updated HVAC system. The 4,000 sq. ft. ground floor is configured for commercial use with 4 flexible office spaces, a break area, restrooms, and a rear entrance—including an active salon and unlimited potential for the remaining space. Adding incredible utility, the property includes a 2,400-S.F. shop with 16' walls that can easily be divided into two separate units. Currently zoned in the city retail district, this property has easy access and excellent street visibility making this multi-tenant property is a turnkey addition to your portfolio.

Property Details

Property TypeSingle Family
MLS #38139722
Days on Market1
Lot Size0.83 acres
Last Updated10/29/2026

Location

County
Madison
School District
175 - Madisonville Consolidated
MLS Area
52

Size

Lot Description
Cleared, 1/2 Up to 1 Acre
$/Acre
$843,897

Improvements

Fence
None
Heating
Electric
Cooling
Electric
Appliances
Electric Oven, Electric Range, Dishwasher
Laundry
Electric Dryer Hookup, Washer Hookup
Construction Materials
Wood Siding
Foundation
Pillar/Post/Pier, Slab
Roof
Composition
Direction Faces
West
Patio / Porch
Porch
Covered Spaces
2
Parking Features
Attached Carport

Location

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Listing provided by Virginia Gainer · DBL Real Estate · +1-979-739-4237

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$699,000