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10 Beds
8 Baths
5,508 sqft

$1,375,000

513 & 515 West St, Madison IN, 47250

Price per sqft$249.64
Built in1840
Property size5,508 sqft
Property typeResidential

Overview

Active

Listed Apr 8, 2026

Updated 3 weeks ago

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. Blending historic character with modern upgrades, this property is a standout opportunity in one of Indiana's most sought after river towns.

$9,148/mo

Est. mortgage payment based on a $1,375,000 home price.

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

Additional information

MLS® ID
1713737

Interior Features

Bedrooms
10
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.51 Acres

Courtesy of EXP Realty LLC, Jim Pruett,
Listing Contact: 812-701-1000 

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Greater Louisville Association of REALTORS held by brokerage firms other than Ethan John Adams are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Ethan John Adams shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 4:16 AM UTC, 9/18/2026

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