513 & 515 West Street, Madison, IN 47250

Madison
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
513 & 515 West Street,Madison, IN 47250
$1,375,000
  • 10 Beds
  • 8 Baths
  • 5,508 sq. ft.
  • Single family
  • Active
Listed by: jim pruett
Office: exp realty, llc.
MLS#:202607078
Source:IN_SIRA

Price summary

  • Price:$1,375,000
  • Price per sq. ft.:$249.64

About this home

Own a Piece of Historic Downtown Madison Discover a rare investment opportunity in the heart of downtown Madison. This versatile corner lot property features four beautifully maintained Airbnb units, offering both charm and strong income potential. The thoughtfully designed layout includes: Main Floor: Two spacious 2 bedroom, 1.5 bath units Upper Level: Two expansive 3 bedroom, 2 bath units Currently operating as a successful short-term rental, this property delivers excellent returns and comes as a true turnkey investment complete with future bookings and all furnishings included, allowing for a seamless transition. Endless Possibilities: Continue as a high performing Airbnb, Multi generational living setup, convert to condo-style rentals, Owner occupy one unit while renting the others. Recent Updates Include: complete rehab, all systems new. Perfectly positioned in a highly walkable downtown location, you’re just steps from local boutiques, dining, and the scenic Ohio River....

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Home facts

  • Year built:1840
  • Listing ID #:202607078
  • Added:1 day(s) ago
  • Updated:April 06, 2026 at 09:45 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Full bathrooms:6
  • Half bathrooms:2
  • Kitchen Description:Dishwasher, Microwave, Oven, Range, Refrigerator
  • Basement:Yes
  • Living area:5,508 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1840
  • Building area:5,508 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Two Story
  • Construction Materials:Brick
  • Exterior Features:Balcony, Porch
  • Foundation Description:Cellar, Stone
  • Levels:2 Story

Utilities

  • Water:Connected, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,375,000
  • Price per sq. ft.:$249.64
  • Tax amount:$8,008

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener
  • Laundry features:Dryer, Main Level, Washer

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