513 515 West Street Madison, IN 47250
10
Bed
6/2
Bath
5,508
Sq. Ft
0.51
Acres
$1,375,000
MLS# 207202
10 BR
6/2 BA
5,508 Sq. Ft
0.51 AC
More About 513 515 West Street
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.
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Information Refreshed: 7/10/2026 1:12 AM
Property Details
MLS#:
207202Type:
Single FamilySq. Ft:
5,508County:
JeffersonAge:
186Architecture:
HistoricalBasement Type:
CellarConstruction:
BrickCooling:
Central AirFireplace:
InsertGas:
NaturalHeating:
Gas, Forced AirParking:
NoneS/A Taxes:
4004School District:
Madison Consolidated SchoolsSewer:
Public SewerWater:
Public
This listing courtesy of Jim Pruett (812) 274-0660 , eXp Realty (866) 212-4991
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity programs of the Southeastern Indiana MLS (SEIMLS).Those listings held by brokerage firms other than Sibcy Cline, Inc. are marked with the Broker Reciprocity logo and house icon. The properties displayed may not be all of the properties available through Broker Reciprocity. Copyright© 2026 Southeastern Indiana MLS (SEIMLS). Information deemed reliable, but not guaranteed.




