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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.

Agent Description

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.

Key Features

  • Built in 1840
  • 0.51 acre lot
  • 2 stories

Property Details

2 stories
6 full, 2 half
1840

Amenities

A/C

Monthly Cost Estimate

$7,354/mo

20% down · 6.5% · 30 years

Principal$994
Interest$5,958
Insurance$401

Estimates only. Actual payments may vary.

Location

513 & 515 West St

Madison, IN 47250

Property Details

Construction

Brick

Parking

On Street

Heating

Forced AirNatural Gas

Cooling

Central Air

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 $5,958 based on 20% down at 6.5% interest.

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 or jimpruett@jimpruett.com.

JP

Jim Pruett

Agent at EXP Realty LLC

(812) 701-1000

Listed by EXP Realty LLC · View on Broker Site

MLS# 1713737· Source: listhub· Updated 54 days ago

Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

513 & 515 West St, Madison, IN 47250

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