Primary on Main
Address
513-515 West Street, Madison, IN
Price
$ 1,375,000
Property Attributes
- MLS#207202
- TypeSingle Family
- Listing Status Active
- CountyJEFFERSON
- CityMadison
- AreaMadison
- NeighborhoodMadison
- Zip47250
- StyleHistorical
- Year Built1840
- Taxes$ 8008
- Price$ 1,375,000
- Bedrooms10
- Full Bathrooms6
- Half Bathrooms2
- Sqr Footage5508
- Lot Size0.51 Acres
Data Source:
Southeastern Indiana MLS (SEIBR)
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.
| Elementary School | High School |
|---|---|
| Madison Consolidated Elementary School | Madison Consolidated High School |
| Price History | |
|---|---|
| 4/8/2026 | Listed $1,375,000 |
General Features
| Living Area | 5508.00 |
|---|---|
| Road Frontage | 0.00 |
| Sewer | Public Sewer |
| Heating | Forced Air,Gas |
| Cooling | Central Air |
| Roof | Shingle |
| Fireplaces | 2 |
| Garage Spaces | 0.00 |
| Gas Y/N | Natural |
| Architectural Style | Historical |
| Construction Materials | Brick |
| Year Built | 1840 |
| New Construction | No |
| Subdivision | Madison |
| Levels | Two |
| Property Subtype | Single Family |
| Parcel Number | 39-13-02-212-005.005-007 |
| Auction | No |
| Carport Spaces | 0.00 |
| County | Jefferson |
| Property Type | Residential |
| HOA | No |
| Total Rooms | 10 |
| Suburb | Madison |
| Garage Y/N | No |
| Full Baths | 6 |
| Status | Active |
| City | Madison |
| High School District | Madison Consolidated |
| MLS Area | Madison |
| Lot Size Units | Acres |
| Lot Size Square Feet | 22216.00 |
| School Name 1 | Madison Consolidated |
| School Name 2 | Madison Consolidated |
| PUD Y/N | No |
| School Type 2 | High School |
| School Type 1 | Elementary School |
Interior Features
| Basement | Cellar |
|---|---|
| Formal Dining Room | No |
| Fireplace Features | Insert |
| Entry Area | 0.0000 |
| Basement (Y/N) | Yes |
| Window Features | Other |
| Half Baths | 2 |
| Total Bedrooms | 10 |
| Bedroom Level 1 | Yes |
| Bathroom Level 1 | Yes |
| Kitchen Dimensions | 0.00 x 0.00 |
| RoomOther4Dimensions | 16.10 x 13.30 |
| RoomOther4Description | 16.10x13.30 Level: 2 |
| RoomOther3Dimensions | 17.00 x 14.40 |
| RoomOther3Description | 17x14.40 Level: 2 |
| RoomOther2Dimensions | 13.10 x 10.00 |
| RoomOther2Description | 13.10x10 Level: 1 |
| RoomOther1Dimensions | 14.40 x 15.00 |
| RoomOther1Description | 14.40x15 Level: 1 |
| RoomLivingDimensions | 0.00 x 0.00 |
| RoomFamilyDimensions | 0.00 x 0.00 |
| RoomDiningDimensions | 0.00 x 0.00 |
| Total Baths | 8 |
| Water Heating | Gas |
| Total Finished SF | 5508 |
| Total Basement SF | 1167 |
| RoomSunLength | 0.00 |
| RoomSunWidth | 0.00 |
| RoomSunDimensions | 0.00 x 0.00 |
| RoomSunArea | 0.0000 |
| Laundry Level 1 | Yes |
| Bedroom 4 Dimensions | 16.10 x 13.30 |
| Bedroom 2 Dimensions | 13.10 x 10.00 |
| Kitchen Area | 0.0000 |
| Kitchen Length | 0.00 |
| Kitchen Width | 0.00 |
| Primary on Main | 131.0000 |
| Second Bedroom Length | 13.10 |
| Second Bedroom Width | 10.00 |
| Bedroom 3 Area | 244.8000 |
| Bedroom 3 Length | 17.00 |
| Bedroom 3 Width | 14.40 |
| Bedroom 4 Area | 214.1300 |
| Bedroom 4 Length | 16.10 |
| Bedroom 4 Width | 13.30 |
| Family Room Area | 0.0000 |
| Primary Bedroom Area | 216.0000 |
| Bedroom 5 Width | 16.40 |
| Bedroom 5 Length | 13.20 |
| Bedroom 5 Area | 216.4800 |
Exterior Features
| Driveway Type | None |
|---|---|
| Parking Features | None |
| Water Source | Public |
| Lot Dimensions | odd |
| Parking Features | On Street |
| Pool (Y/N) | No |
| Foundation Details | Other |
| Lot Size Acres | 0.5100 |
| Wooded Area | 0.00 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Pasture Area | 0.00 |
| Pond/Lake Y/N | No |
| Fencing Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 47250
Price
Taxes
Year Built
Visits
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