Listing provided courtesy of eXp Realty, LLC- MLS# 202607078
Contact Information: 812-274-0660
Contact Information: 812-274-0660Images
Request Info- 513
- 513 1/2
- 515
- 515 1/2
513 & 515 West StreetMadison, IN 47250
Single Family · 10 Beds · 6 Full Baths · 2 Half Baths · 5,508 Sq. ft. | 0.51 Acres$1,375,000
Active
513 & 515 West Street Overview
- Time on Site:
- 85 days
- Visits:
- 3
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.
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513 & 515 West Street Facts & Features
- Type Single Family
- Sq. ft. 5,508
- Price/Sq.ft. $250
- Lot 0.51 Acres
Details
General
Building Information
- New Construction: false
- Year Built: 1840
Location/Region
- County Or Parish: Jefferson_IN
- MLS Area Major: Downtown
- Postal City: Madison
- Township: Madison
Community/Development
- Community Features: Sidewalks
Rent/Lease Information
- Lease Considered: false
Tax Information
- Tax Annual Amount: 8008.0
General Information
- Listing Terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Parcel Number: 391302212005005007
- Property Condition: Resale
- Property Sub Type: Residential
- Property Type: Residential
- Zoning: Historic District
Interior
Parking Information
- Garage: false
Beds/Baths
- Bathrooms Full: 6
- Bathrooms Half: 2
- Bathrooms Total: 8
- Bedrooms Total: 10
Building Interior
- Above Grade Finished Area: 5508.0
- Building Area Source: Assessor
- Building Area Total: 5508.0
General Information
- Appliances: Dryer,Dishwasher,Microwave,Oven,Range,Refrigerator,Water Softener,Washer
- Basement: true
- Fireplace: true
- Fireplaces Total: 2
- Foundation Details: Stone,Cellar
- Laundry Features: Main Level,Other
- Levels: Two
- Living Area: 5508.0
- Rooms Total: 13
- Stories: 2
Exterior
Lot Information
- Additional Parcels Description: 39-13-02-212-005.006-007
- Lot Features: Corner Lot
- Lot Size Acres: 0.51
- Lot Size Area: 0.51
- Lot Size Source: Assessor
- Lot Size Square Feet: 22215.6
- Lot Size Units: Acres
- Road Surface Type: Paved
- Water Source: Connected,Public
Waterfront/View
Building Exterior/Construction
- Architectural Style: Two Story
- Construction Materials: Brick
- Patio And Porch Features: Balcony,Porch
- Roof: Shingle
General Information
- Exterior Features: Balcony,Porch
- Sewer: Public Sewer
Room Information
Room: Bedroom
- Level: First
- Dimensions: 16.4 x 13.2
- Length: 13.2
- Width: 16.4
- Description: 513 and 515
Room: Bedroom
- Level: First
- Dimensions: 15 x 14.4
- Length: 14.4
- Width: 15.0
- Description: 513 and 515
Room: Full Bath
- Level: First
- Description: 513 and 515 - shower - ceramic
Room: Half Bath
- Level: First
- Description: 513 and 515 - ceramic
Room: Kitchen
- Level: First
- Dimensions: 13.3 x 13.1
- Length: 13.1
- Width: 13.3
- Description: 513 and 515
Room: Living Room
- Level: First
- Dimensions: 16.8 x 14.6
- Length: 14.6
- Width: 16.8
- Description: 513 and 515
Room: Bedroom
- Level: Second
- Dimensions: 13.3 x 16.10
- Length: 16.1
- Width: 13.3
- Description: 513 1/2 and 515 1/2
Room: Bedroom
- Level: Second
- Dimensions: 14.4 x 17
- Length: 17.0
- Width: 14.4
- Description: 513 1/2 and 515 1/2
Room: Bedroom
- Level: Second
- Dimensions: 10 x 13.10
- Length: 13.1
- Width: 10.0
- Description: 513 1/2 and 515 1/2 + bath with shower
Room: Full Bath
- Level: Second
- Description: 513 1/2,515 1/2 -Shower, stand-alone tub-ceramic
Room: Kitchen
- Level: Second
- Dimensions: 8.6 x 13.1
- Length: 13.1
- Width: 8.6
- Description: 513 1/2 and 515 1/2
Room: Living Room
- Level: Second
- Dimensions: 12.4 x 13.1
- Length: 13.1
- Width: 12.4
- Description: 513 1/2 and 515 1/2
Room: Other
- Level: Second
- Dimensions: 24.7 x 6.1
- Length: 6.1
- Width: 24.7
- Description: 513 1/2 and 515 1/2 - hall - ceramic
513 & 515 West Street Neighborhood
Community
47250 (Madison) Demographics
43
Median Age
106
Population Density (per sq. mile)
29%
College Educated
$49,462
Estimated Median Income
6,172
Estimated Total Home Owners
3,249
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.513 & 515 West Street Monthly Cost
513 & 515 West Street Market Data
Based on the last 30 days in this zip code
$382,709
Average List Price
$183
Average Price per Square Foot
20
Properties Sold
82
Average Days on Market
94
Properties for Sale
513 & 515 West Street History
| Date | Value | Agent |
|---|---|---|
| 4/8/2026Source: Louisville MLS | April 08, 2026 |
|
| 4/6/2026Source: Southern Indiana MLS | April 06, 2026 |