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

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

$ 0

Style

Lot Size

0.51

Year Built

1840

Town/City

Madison

County/Region

Jefferson

MLS | Web ID

1713737

Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Electricity Connected Fuel:Natural
Roof Shingle
HOA Fee 0
Construction Materials Brick
Year Built 1840
Stories Count 2
Property Subtype Single Family Residence
County Jefferson
Property Type Residential
HOA false
Attached Garage false
Subdivision Name NONE
Garage Y/N false
Total Rooms 10
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
MLS Area 13-Indiana
Lot Size Units Acres
Lot Size Square Feet 22215.6
MLS Area Minor 13-Indiana
Standard Status Active
Tax Lot 0
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Interior
Basement Unfinished Cellar
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 5508
Half Baths 2
Total Bedrooms 10
Below Grade Finished Area 0
Total Baths 8
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Exterior
Fencing None
Parking Features On Street
Water Source Public
Lot Size Area 0.51
Building Area Total 5508
Lot Dimensions 20X102
Lot Size Acres 0.51
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* Excluded Features
List By
Exp Realty Llc

Broker

jimpruett@jimpruett.com

Email

Affordability Calculator

$8,466
Per Month
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Monthly Principal & Interest
$8,466
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Monthly Home Insurance
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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
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$1,375,000 Listed Price

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513 & 515 West St, 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 St has 10 bedrooms, 6.2 baths, and was built in 1840. The property's zip code is 47250 which is in Madison, IN