Map
Listed price in listed location currency (USD).
$1,375,000

1080

MLS® 202607078

Open House
Sat Apr 18, 5:00-7:00 PM UTC

Overview

Key Facts

Type Other
Levels Residential
Size 5508 sqft
Garage No
Maintenance Fees 
Taxes $8,008
Days Active 11
Approx. Age 1840
Avg. Price Per Sqft $249
MLS® Number 202607078

Property Address: 513 & 515 West Street, Madison, IN, 47250

Average square foot calculated using Size range provided by listing 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.
MLS® Number202607078
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelMain Level, Other
Exposure
Exterior
GarageNo
Approx. Age1840
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Living Room:Second Floor12.4 × 13.1 ft
Bedroom 1:Second Floor13.3 × 16.1 ft
Kitchen:Second Floor8.6 × 13.1 ft
Other:Second Floor24.7 × 6.1 ft
Bathroom 2:First FloorNot available
Bathroom 1:Second FloorNot available
Bathroom 3:First FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 6, 2026List Date
$1,375,000List Price

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties