# 513 & 515 West St, Madison, IN 47250

> **TL;DR:** 10bd/7ba single family, $1,375,000 ($250/sqft), built 1840, 5,508 sqft.
> A/C. Est. $5,958/mo. Listed 54 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,375,000 |
| Price/sqft | $250 |
| Bedrooms | 10 |
| Bathrooms | 6 full, 2 half |
| Square Feet | 5,508 |
| Year Built | 1840 |
| Lot Size | 22,216 sqft (0.51 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 54 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,958 |
| **Total** | **$5,958** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1840
- 0.51 acre lot
- 2 stories

## Description

### 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 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.

## Location

- **Address:** 513 & 515 West St, Madison, IN 47250
- **County:** Jefferson
- **Coordinates:** 38.73828, -85.380486
- **Google Maps:** https://www.google.com/maps?q=38.73828,-85.380486

## Listing Agent

- **Name:** Jim Pruett
- **Brokerage:** EXP Realty LLC
- **Phone:** 8127011000
- **Email:** jimpruett@jimpruett.com

## Primary Photo

![513 & 515 West St - Primary Photo](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1600532164r.jpg)

*65 total photos available on [listing page](https://www.propertysimple.com/listing/513-515-west-st-madison-in-47250-1713737)*

---

**MLS#:** 1713737 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/513-515-west-st-madison-in-47250-1713737)

---

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