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For sale
    • $1,375,000

    513 West St, Madison, IN 47250

    10beds
    5,508sqft
    : 
    Single Family Residence
    Built in 1840
    0.51 Acres Lot
    $1,327,400 Zestimate®
    $250/sqft
    $-- HOA

    What's special

    Corner lot property
    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.
    16 days
    |
    411
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jim Pruett,

    eXp Realty

    Source: MLS of Southeastern Indiana,MLS#: 207202

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 8
      • Full bathrooms: 6
      • 1/2 bathrooms: 2
      Primary bedroom
      • Level: First
      • Area: 216
      • Dimensions: 14.4 x 15
      Bedroom 2
      • Level: Second
      • Area: 131
      • Dimensions: 13.1 x 10
      Bedroom 3
      • Level: Second
      • Area: 244.8
      • Dimensions: 17 x 14.4
      Bedroom 4
      • Level: Second
      • Area: 214.13
      • Dimensions: 16.1 x 13.3
      Bedroom 5
      • Level: First
      • Area: 216.48
      • Dimensions: 13.2 x 16.4
      Dining room
      • Area: 0
      • Dimensions: 0 x 0
      Family room
      • Area: 0
      • Dimensions: 0 x 0
      Kitchen
      • Area: 0
      • Dimensions: 0 x 0
      Living room
      • Area: 0
      • Dimensions: 0 x 0
      Office
      • Area: 0
      • Dimensions: 0 x 0
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Gas Water Heater
      Features
      • Windows: Other
      • Basement: Cellar
      • Has fireplace: Yes
      • Fireplace features: Insert
      Interior area
      • Total structure area: 6,675
      • Total interior livable area: 5,508 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: None, On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Frontage length: 0.00
      Lot
      • Size: 0.51 Acres
      Details
      • Parcel number: 391302212005005007

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Historical
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Other
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1840

      Utilities & green energy

      • Gas: Natural
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $250/sqft
      • Tax assessed value: $206,900
      • Annual tax amount: $8,008
      • Date on market: 4/8/2026
      • Road surface type: Paved
      Get pre-qualifiedBe ready to make an offer.
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      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $1,327,400

        $1.26M - $1.39M

        $1,446/mo

        Price history

        DateEventPrice
        4/8/2026Listed for sale$1,375,000+746.2%$250/sqft
        Source: MLS of Southeastern Indiana #207202 Report a problem
        11/10/2023Sold$162,500-12.2%$30/sqft
        Source: SIRA #202308549 Report a problem
        9/19/2023Pending sale$185,000$34/sqft
        Source: SIRA #202308549 Report a problem
        6/23/2023Listed for sale$185,000$34/sqft
        Source: SIRA #202308549 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,540 $206,900 +16.9%
        2024-- $177,000

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $7,847/mo
        Principal & interest
        $7091
        Property taxes
        $756
        More affordability tools

          Climate risks

          Neighborhood: 47250

          Getting around

          80 / 100
          Very Walkable
          55 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Madison Consolidated
          • High: Madison Consolidated
          • District: Madison Consolidated

          Source: MLS of Southeastern Indiana. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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