513 & 515 West StMadison, IN 47250
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.