513 & 515 West Street Madison, IN $ 1,375,000
513 & 515 West Street
$ 1,375,000
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513 & 515 West Street

Madison, IN, 47250
$ 1,375,000
Bedrooms10 Baths6.2 Sq 5,508

Monthly Estimate*

$ 8,466

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Single Family Home for sale in Madison, IN

for $1,375,000 with 10 bedrooms and 6 full baths, 2 half baths. This 5,508 square foot home was built in 1840 on a lot size of 0.51.

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.

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Single Family Active

Price

$ 1,375,000

Bedrooms

10

Full Bath

6

Half Bath

2

Property Type

Single Family

Taxes

$ 8,008

Style

Lot Size

0.51

Year Built

1840

Town/City

Madison

County/Region

Jefferson

MLS | Web ID

202607078

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Possession Close Of Escrow
Roof Shingle
Appliances Dryer Dishwasher Microwave Oven Range Refrigerator Water Softener Washer
Zoning Historic District
Patio/Porch Features Balcony Porch
Architectural Style Two Story
Construction Materials Brick
Year Built 1840
View City
Stories Count 2
Township Madison
Levels Two
Property Subtype Residential
Community Features Sidewalks
Additional Parcels Description 39-13-02-212-005.006-007
County Jefferson_IN
New Construction false
Property Type Residential
Garage Y/N false
Total Rooms 13
Full Baths 6
Status Active
Directions Head West on to Main St. from Jefferson St. Make a right at West St and the property will be on your left at the corner of West and Presbyterian.
City Madison
Zoning Description Historic District
MLS Area Downtown
Lot Size Units Acres
Lot Size Square Feet 22215.6
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Tax Annual Amount 8008
Property Condition Resale
Lease Considered Y/N false
Standard Status Active
Property Sub Type Additional Residential
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Interior
Total Fireplaces 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 5508
Half Baths 2
Laundry Features Main Level Other
Total Bedrooms 10
Below Grade Finished Area 0
Total Baths 8
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Exterior
Exterior Amenities Balcony Porch
Lot Features Corner Lot
Water Source Connected Public
Lot Size Area 0.51
Foundation Details Stone Cellar
Building Area Total 5508
Lot Size Acres 0.51
Road Surface Type Paved
Lot Size Source Assessor
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* Excluded Features
List By
Jim Pruett

Listing Agent

Exp Realty, Llc

Broker

jimpruett@jimpruett.com

Email

Affordability Calculator

$9,133
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,466
Monthly Property Taxes
$667
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$1,375,000 Listed Price

Map


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513 & 515 West Street, Madison, IN, 47250 is a Single Family Home for sale at $1,375,000 with 5,508 sqft and a lot size of 0.51. 513 & 515 West Street has 10 bedrooms, 6.2 baths, and was built in 1840. The property's zip code is 47250 which is in Madison, IN