CCertihomes
408 South Madison Street, Rome, NY 13440

$69,000

3 beds 2 baths 2,534 sqft Built 19201 days on marketActive

About this home

Investor Alert!!! This spacious 3-bedroom, 2-bath home sits on a generous double city lot and offers incredible potential for the right buyer. The property was impacted by last year’s tornado and has since been deemed uninhabitable by the City of Rome due to roof and rafter damage. During inspections, portions of the kitchen and ceiling were removed for asbestos remediation. The layout includes an unfinished area with a private entrance—ideal for conversion into a small income-producing apartment, an in-law suite, or additional living space. Features include replacement windows and ample square footage to reimagine the property to your vision. Cash-only or Rehab Loan only sale. Property requires renovation and is being sold as-is. A prime opportunity for experienced investors or builders looking to bring new life to a structurally promising home in a desirable area close to shopping, main roadways, parks.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$1,768/mo

Real estate (PITI + HOA + PMI)
$884
Principal + interest$443
Property tax + insurance$415
PMI / 2nd mortgage$26
Utilities
$1,637
Heating + cooling$669
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$1,768/mo TLC
Budget$5,000/mo
Remaining after TLC$3,232/mo
Purchase price
$69,000
Down payment
$3,450 (5%)
Loan amount
$65,550
APR
7.15%

Quick facts

Type
SingleFamilyResidence
Style
TwoStory
Year built
1920
Lot size
0.25 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$2,956
MLS #
S1624174
County
Oneida

At a glance

Basement

Home features

Appliances
ElectricWaterHeaterGasOvenGasRangeRefrigerator
Interior
EatInKitchenOtherSeeRemarks
Exterior
GravelDriveway
Parking
NoGarage
Flooring
Carpet, Laminate, Varies
Sewer
Connected

Lot features

Rectangular, RectangularLot, ResidentialLot

Schools

Middle
Lyndon H Strough Middle
High
Rome Free Academy

Neighborhood — 13440

MetricThis ZIPCountyUSA
Population32,05219,351,094299,088,112
Population Change Since1990-29.00%8.00%20.00%
Population Density260395
Male15,6139,381,926147,432,321
Female16,4399,969,168151,655,844
Never Married7,4144,946,39163,775,926
Married12,0447,166,701123,120,365
Separated1,6191,159,67312,639,686
Widowed2,5691,110,24515,467,586
Divorced2,7541,210,44823,075,029
Number Of House Hold12,5327,102,016111,826,380
Average House Hold Size2.442.642.60
Medial Age38.7236.5335.46
Median House Hold Income$38,084$49,847$48,276
Average House Hold Income$48,394$70,032$63,629
P C I$19,680$26,569$24,529
M D I$33,405$42,210$41,133
A T H E$42,693$54,185$50,898
S T R9.00%4.00%
W C J78.64%81.55%77.74%
(Zip) Code
13440

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 7/22/2025. Provided courtesy of Hunt Real Estate ERA via Buffalo MLS. Information deemed reliable but not guaranteed.