Primary on Main

Address

513-515 West Street, Madison, IN

Listing Type

Active

Price

$ 1,375,000

Property Attributes

MLS#207202
TypeSingle Family
Listing Status Active
CountyJEFFERSON
CityMadison
AreaMadison
NeighborhoodMadison
Zip47250
StyleHistorical
Year Built1840
Taxes$ 8008
Price$ 1,375,000
Bedrooms10
Full Bathrooms6
Half Bathrooms2
Sqr Footage5508
Lot Size0.51 Acres

Data Source:

Southeastern Indiana MLS (SEIBR)

Property 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.

Elementary School	High School
Madison Consolidated Elementary School	Madison Consolidated High School

Price History
4/8/2026	Listed $1,375,000

General Features

Living Area	5508.00
Road Frontage	0.00
Sewer	Public Sewer
Heating	Forced Air,Gas
Cooling	Central Air
Roof	Shingle
Fireplaces	2
Garage Spaces	0.00
Gas Y/N	Natural
Architectural Style	Historical
Construction Materials	Brick
Year Built	1840
New Construction	No
Subdivision	Madison
Levels	Two
Property Subtype	Single Family
Parcel Number	39-13-02-212-005.005-007
Auction	No
Carport Spaces	0.00
County	Jefferson
Property Type	Residential
HOA	No
Total Rooms	10
Suburb	Madison
Garage Y/N	No
Full Baths	6
Status	Active
City	Madison
High School District	Madison Consolidated
MLS Area	Madison
Lot Size Units	Acres
Lot Size Square Feet	22216.00
School Name 1	Madison Consolidated
School Name 2	Madison Consolidated
PUD Y/N	No
School Type 2	High School
School Type 1	Elementary School

Interior Features

Basement	Cellar
Formal Dining Room	No
Fireplace Features	Insert
Entry Area	0.0000
Basement (Y/N)	Yes
Window Features	Other
Half Baths	2
Total Bedrooms	10
Bedroom Level 1	Yes
Bathroom Level 1	Yes
Kitchen Dimensions	0.00 x 0.00
RoomOther4Dimensions	16.10 x 13.30
RoomOther4Description	16.10x13.30 Level: 2
RoomOther3Dimensions	17.00 x 14.40
RoomOther3Description	17x14.40 Level: 2
RoomOther2Dimensions	13.10 x 10.00
RoomOther2Description	13.10x10 Level: 1
RoomOther1Dimensions	14.40 x 15.00
RoomOther1Description	14.40x15 Level: 1
RoomLivingDimensions	0.00 x 0.00
RoomFamilyDimensions	0.00 x 0.00
RoomDiningDimensions	0.00 x 0.00
Total Baths	8
Water Heating	Gas
Total Finished SF	5508
Total Basement SF	1167
RoomSunLength	0.00
RoomSunWidth	0.00
RoomSunDimensions	0.00 x 0.00
RoomSunArea	0.0000
Laundry Level 1	Yes
Bedroom 4 Dimensions	16.10 x 13.30
Bedroom 2 Dimensions	13.10 x 10.00
Kitchen Area	0.0000
Kitchen Length	0.00
Kitchen Width	0.00
Primary on Main	131.0000
Second Bedroom Length	13.10
Second Bedroom Width	10.00
Bedroom 3 Area	244.8000
Bedroom 3 Length	17.00
Bedroom 3 Width	14.40
Bedroom 4 Area	214.1300
Bedroom 4 Length	16.10
Bedroom 4 Width	13.30
Family Room Area	0.0000
Primary Bedroom Area	216.0000
Bedroom 5 Width	16.40
Bedroom 5 Length	13.20
Bedroom 5 Area	216.4800

Exterior Features

Driveway Type	None
Parking Features	None
Water Source	Public
Lot Dimensions	odd
Parking Features	On Street
Pool (Y/N)	No
Foundation Details	Other
Lot Size Acres	0.5100
Wooded Area	0.00
Road Surface Type	Paved
Waterfront Y/N	No
Pasture Area	0.00
Pond/Lake Y/N	No
Fencing Y/N	No