513 & 515 West Street,Madison, IN 47250
Madison, IN 47250
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.
Details
| MLS # | 202607078 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1840 |
| Days On Site | 143 |
| Listing Provided By | eXp Realty, LLC | Jim Pruett |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 5,508 |
| Story(s) | 2 |
| Zoning | Historic District |
| Acreage | 0.51 |
| Property View | Yes |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 8008 |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | IN |
|---|---|
| County | Jefferson_IN |
| City | Madison |
| Zip Code | 47250 |
| Area | Downtown |
| Listing VS Median (in 47250) | |
Price: $1,375,000 low | high Med: $333,700 sqft: 5,508 low | high Med: 1,820 $ / sqft: $250 low | high Med: $185 On site: 143 low | high Med: 51 | |
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Contact
Learn More About This Property
Nancy Robertson
Coldwell Banker McMahan
Accredited Buyer Representative, Certified Residential Specialist, Certified Relocation Professional, Certified Relocation Residential Specialist, Military Network Specialist, Graduate, REALTOR Institute, REALTOR, National Association of REALTORS (859) 661-7660nancy@come2ky.com| State | IN |
|---|---|
| County | Jefferson_IN |
| City | Madison |
| Zip Code | 47250 |
| Area | Downtown |
| Listing VS Median (in 47250) | |
Price: $1,375,000 low | high Med: $333,700 sqft: 5,508 low | high Med: 1,820 $ / sqft: $250 low | high Med: $185 On site: 143 low | high Med: 51 | |