513 & 515 West St, Madison, IN 47250 | MLS# 1713737

$1,375,000
513 & 515 West St, Madison, IN 47250, Madison,

Overview

  • Updated On:
  • September 16, 2026
  • 10 Bedrooms
  • 7 Bathrooms
  • 5,508 ft2

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.

Address: 513 & 515 West St, Madison, IN 47250
City:
Area:
State/County:
Zip: 47250
Country: United States

Property Id: 4747872
Price: $1,375,000
Property Size: 5,508 ft2
Property Lot Size: 1 ft2
Rooms: 10
Bedrooms: 10
Bathrooms: 7
BathroomsFull: 6
InternetConsumerCommentYN: 1
InternetAutomatedValuationDisplayYN: 1
ListAgentKey: 20191015142010148336000000
StreetNumberNumeric: 513515
ListAgentFullName: Jim Pruett
InternetAddressDisplayYN: 1
ListAgentMobilePhone: 812-701-1000
OnMarketDate: 2026-04-08
BathroomsHalf: 2
InternetEntireListingDisplayYN: 1
ListOfficeKey: 20131203192907146931000000
ListAgentLastName: Pruett
Cooling: Central Air
StatusChangeTimestamp: 2026-04-08T18:55:12Z
ListAgentFirstName: Jim
MajorChangeType: New Listing
LotSizeUnits: Acres
DocumentsCount: 3
LotSizeSquareFeet: 22215.6
ListingId: 1713737
YearBuilt: 1840
SourceSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
SourceSystemKey: 20260408181621166636000000
Basement: Unfinished, Cellar
StateOrProvince: IN
ListOfficeName: EXP Realty LLC
OriginatingSystemKey: 20260408181621166636000000
PhotosCount: 65
PhotosChangeTimestamp: 2026-04-08T18:55:20Z
BuildingAreaTotal: 5508
Stories: 2
OriginatingSystemName: APEX MLS (Greater Louisville Association of REALTORS®)
Utilities: Electricity Connected, Fuel:Natural
OriginalListPrice: 1375000
Sewer: Public Sewer
ListingContractDate: 2026-04-08
StreetSuffix: St
OriginatingSystemID: M00000290
LotSizeDimensions: 20X102
StreetNumber: 513 & 515
StreetName: West
ListAgentEmail: jimpruett@jimpruett.com
ModificationTimestamp: 2026-09-15T20:15:34Z
ListOfficeMlsId: 20309
MlsStatus: Active
LotSizeArea: 0.51
SourceSystemID: M00000290
ParcelNumber: 39-13-02-212-005.005-007
ListAgentMlsId: 26953
ParkingFeatures: On Street
DocumentsChangeTimestamp: 2026-09-15T20:15:09Z
Heating: Forced Air, Natural Gas
MajorChangeTimestamp: 2026-04-08T18:55:12Z
Directions: Head West on to Main St. from Jefferson St. Make a right at West St and the property will be on your left at the corner of West and Presbyterian.
MLSAreaMajor: 13-Indiana
LivingAreaSource: Other
MLSAreaMinor: 13-Indiana
WaterSource: Public
AboveGradeFinishedArea: 5508
BuildingAreaSource: Other
Fencing: None
Roof: Shingle
ConstructionMaterials: Brick

Other Features
Has Cooling System
Has Heating System

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$7,049.90
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 5,331.15

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