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$1,375,000

For Sale

8 days ago

513 West St, Madison, IN

House

MLS® 207202

10 Bed

8 Bath

5508 sqft

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  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 5508 sqft
Garage 
Taxes 
Days Active 7
Lot Size 
Approx. Age 1840
Avg. Price Per Sqft $249
MLS® Number 207202

Property Address: 513 West St, Madison, IN, 47250-3355

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.
MLS® Number207202
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1840
BasementCellar
DrivewayNone, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Other:Not available
Dining Room:Not available
Other:Not available
Other:10 × 13 ft
Other:13 × 16 ft
Bedroom 2:10 × 13 ft
Other:Not available
Kitchen:Not available
Other:Not available
Other:14 × 17 ft
Other:15 × 14 ft
Other:16 × 13 ft
Other:Not available
Master Bedroom:15 × 14 ft
Family Room:Not available
Living Room:Not available
Bedroom 4:13 × 16 ft
Other:Not available
Other:Not available
Other:Not available
Other:Not available
Bedroom 3:14 × 17 ft
Bedroom 5:16 × 13 ft
Other:Not available
Great Room:Not available
Other:15 × 14 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$1,375,000List Price
Sep 19, 2023End Date
$162,500Sold Price

Sold

Apr 1, 2026List Date
$185,000List Price
  • Commute

Commute

Starting Address
Destination Address
513 West St, Madison, IN

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