# 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. $7,354/mo. Listed 209 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 | Active | | Days on Market | 209 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,953 | | Estimated Insurance | $401 | | **Total** | **$7,354** | ## 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 - **Broker Phone:** (188) 862-4644 x8 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/513-West-St_Madison_IN_47250_M92911-76143?f=listhub&s=GLARKY&m=1713737&c=propsimple) ## Photos ![513 & 515 West St - Photo 1](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1600532164r.jpg) ![513 & 515 West St - Photo 2](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f4246900337r.jpg) ![513 & 515 West St - Photo 3](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3347158841r.jpg) ![513 & 515 West St - Photo 4](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1425610923r.jpg) ![513 & 515 West St - Photo 5](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2033373059r.jpg) ![513 & 515 West St - Photo 6](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2220044508r.jpg) ![513 & 515 West St - Photo 7](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f82193078r.jpg) ![513 & 515 West St - Photo 8](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f945234717r.jpg) ![513 & 515 West St - Photo 9](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f920684491r.jpg) ![513 & 515 West St - Photo 10](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1887893278r.jpg) ![513 & 515 West St - Photo 11](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1531515972r.jpg) ![513 & 515 West St - Photo 12](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3914711316r.jpg) ![513 & 515 West St - Photo 13](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3039815065r.jpg) ![513 & 515 West St - Photo 14](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2855006190r.jpg) ![513 & 515 West St - Photo 15](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2155875913r.jpg) ![513 & 515 West St - Photo 16](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3153833131r.jpg) ![513 & 515 West St - Photo 17](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f548632892r.jpg) ![513 & 515 West St - Photo 18](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f918955480r.jpg) ![513 & 515 West St - Photo 19](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2848871176r.jpg) ![513 & 515 West St - Photo 20](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3699219156r.jpg) ![513 & 515 West St - Photo 21](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f542730620r.jpg) ![513 & 515 West St - Photo 22](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2673209266r.jpg) ![513 & 515 West St - Photo 23](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2071617210r.jpg) ![513 & 515 West St - Photo 24](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f792379107r.jpg) ![513 & 515 West St - 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Photo 35](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3310570902r.jpg) ![513 & 515 West St - Photo 36](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f535464565r.jpg) ![513 & 515 West St - Photo 37](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3380675857r.jpg) ![513 & 515 West St - Photo 38](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f4269353228r.jpg) ![513 & 515 West St - Photo 39](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2018669934r.jpg) ![513 & 515 West St - Photo 40](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1479385441r.jpg) ![513 & 515 West St - Photo 41](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2925921393r.jpg) ![513 & 515 West St - Photo 42](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1621118816r.jpg) ![513 & 515 West St - Photo 43](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f4096295777r.jpg) ![513 & 515 West St - Photo 44](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3212867813r.jpg) ![513 & 515 West St - Photo 45](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f3365645678r.jpg) ![513 & 515 West St - Photo 46](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f780261970r.jpg) ![513 & 515 West St - Photo 47](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2058604449r.jpg) ![513 & 515 West St - Photo 48](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f430217673r.jpg) ![513 & 515 West St - Photo 49](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2473651436r.jpg) ![513 & 515 West St - Photo 50](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2552737941r.jpg) ![513 & 515 West St - Photo 51](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f320688905r.jpg) ![513 & 515 West St - Photo 52](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f307757570r.jpg) ![513 & 515 West St - Photo 53](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2464600664r.jpg) ![513 & 515 West St - Photo 54](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1848906083r.jpg) ![513 & 515 West St - Photo 55](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f4246900337r.jpg) ![513 & 515 West St - Photo 56](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f742669256r.jpg) ![513 & 515 West St - Photo 57](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2016888969r.jpg) ![513 & 515 West St - Photo 58](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1563930271r.jpg) ![513 & 515 West St - Photo 59](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f876616317r.jpg) ![513 & 515 West St - Photo 60](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2282230469r.jpg) ![513 & 515 West St - Photo 61](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f955335502r.jpg) ![513 & 515 West St - Photo 62](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2584348344r.jpg) ![513 & 515 West St - Photo 63](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f2033931534r.jpg) ![513 & 515 West St - Photo 64](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f4128061968r.jpg) ![513 & 515 West St - Photo 65](http://lh.rdcpix.com/cb42f63da14a23433a05f544b1122655l-f1755918486r.jpg) --- **MLS#:** 1713737 | **Updated:** 2026-10-28 **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.ai/listing/513-515-west-st-madison-in-47250-8fd119d09422478eb9612482b8090870) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/513-515-west-st-madison-in-47250-8fd119d09422478eb9612482b8090870#listing", "url": "https://www.propertysimple.ai/listing/513-515-west-st-madison-in-47250-8fd119d09422478eb9612482b8090870", "name": "513 & 515 West St, Madison, IN 47250", "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. 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