About This Home
This 10-bedroom, 7-bathroom single family at 513 & 515 West St in Madison, IN is listed for $1,375,000 ($250 per sqft). Built in 1840, the home offers 5,508 sqft of living space on a 0.51 acres lot.
Key Features
- Built in 1840
- 0.51 acre lot
- 2 stories
Property Details
Amenities
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 L
evel: 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.
Monthly Cost Estimate
$7,354/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
513 & 515 West St
Madison, IN 47250
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 10-bedroom, 7-bathroom single family at 513 & 515 West St is listed at $1,375,000 ($250/sqft). The estimated monthly payment is $7,354 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1840, 0.51 acre lot, 2 stories.
This property is listed by Jim Pruett and can be reached at 8127011000.
