FOR SALE
$1,375,000

513 & 515 West Street
Madison, IN 47250

10
Bedrooms
7
Baths
5,508
Sqft
0.51
Acres
7
Days on Market
$250
Price Per Sqft.
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Property 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.

513 & 515 West Street is a property for sale for $1,375,000 in Madison, IN 47250 and is part of Jefferson County, IN . This home is 5,508 square feet and is located on a 0.51 acre lot and features 10 bedrooms and 7 bathrooms .

Listing Provided By: Jim Pruett, EXP Realty LLC 8886246448 Source: GLAR IDX Feed MLS#: 1713737

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Property Information
Rooms Total
10
0.51 Acres
Zip Code
47250
Water
Public
2 Stories
Year Built
1840
Roof
Shingles
Location Information
State
IN
County
Jefferson County
City
Madison
Building Information
Above Ground Finished SqFt
5, 508
Basement Information
Unfinished Basement, Cellar
10 Bedrooms
6 Full Bathrooms
Basement
2 Half Bathrooms
Living Area
5, 508 sqft
Construction Materials
Brick Exterior
Interior Features
General Information
Total Living Square Footage
5, 508
Exterior Features
Garage & Parking Information
Parking Information
On Street
Utility Information
Cooling
Central Cooling
Heating Type
Forced Air Heat, Central Gas Heating
Utilities Available
Electricity Available, Fuel:Natural
513 & 515 West Street
Madison, IN
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513 & 515 West Street
Madison, IN 47250

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513 & 515 West Street is a property for sale for $1,375,000 in Madison, IN 47250 and is part of Jefferson County, IN . This home is 5,508 square feet and is located on a 0.51 acre lot and features 10 bedrooms and 7 bathrooms . Nearby schools include , , and . This address can also be written as 513 & 515 West Street, Madison, IN 47250. This home has been listed on BoldPorch since Apr 08, 2026 BoldPorch last checked and updated this listing on Apr 13, 2026 at 6:09pm UTC .