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3 Beds
5 Baths
5,601 sqft

$699,000

303 S Madison Street, Madisonville TX, 77864

Price per sqft$124.80
Built in1935
Property size5,601 sqft
Property typeResidential

Overview

Active

Listed Oct 23, 2026

Updated 4h ago

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.

$4,650/mo

Est. mortgage payment based on a $699,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
38139722

Interior Features

Bedrooms
3
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.83 Acres

Other Property Details

Taxes
$12,268
Tax Frequency
Annually
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Courtesy of DBL Real Estate, Virginia Gainer 

Based on information from the Houston Association of REALTORS as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Houston Association of REALTORS. All rights reserved.

Data last updated 9:36 AM UTC, 10/29/2026

 

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