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$1,375,000
For sale

513 & 515 West StMadison, IN 47250

10 beds8 baths5,508 sq ft0.51 acre1840 built

Single-family home · 209 days on market · MLS# 1713737

About this home

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.

Home details

Property type
Single-family home
Status
For sale
MLS #
1713737
Price per sq ft
$250
Days on market
209
Year built
1840
Living area
5,508 sq ft
Lot size
0.51 acres
Bathrooms
6 full, 2 half
Stories
2
Parking
On Street
Basement
Unfinished, Cellar
Heating
Forced Air, Natural Gas
Cooling
Central Air
Construction
Brick
Roof
Shingle
Subdivision
NONE
MLS area
13-Indiana
County
Jefferson
HOA
None
Rooms
10
Water
Public
Sewer
Public Sewer

Features

Fencing

  • None

Utilities

  • Electricity Connected
  • Fuel:Natural

Estimated monthly payment

Principal & interest: — / month

Estimate only. Excludes taxes, insurance, HOA dues and PMI. Rates change daily; use your actual quote. Ryan can connect you with local lenders if you want a real number.

Location

Listing courtesy of EXP Realty LLC, Jim Pruett. MLS# 1713737. Data provided by Greater Louisville Association of REALTORS® (APEX MLS). As of Sep 17, 2026.

Keep looking

Listing information is provided courtesy of the Greater Louisville Association of REALTORS® (APEX MLS) via Internet Data Exchange (IDX) and is updated throughout the day. Not every MLS listing is available through IDX. All information is deemed reliable but not guaranteed and should be independently verified. Listings include the name of the listing brokerage. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information last updated Sep 17, 2026.