Date
Details
Price
Change
Source
4/08/2026
Listed
$1,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,375,000 Just Listed
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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.
Full Property Details
Full Property Details for 513 West St
General
- Price: $1,375,000
- Status: Active
- Type: Single Family
- Source: SE_Indiana
- MLS ID: 207202
- Updated: 4/8/2026
- Added to Site: 6 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Insert
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 6
- Half Bathrooms: 2
- Bathrooms-L1: Yes
Bedrooms
- Total Bedrooms: 10
- Primary Bedroom: 14.40 x 15.00, Level: 1, 216 Sq. Ft.
- Bedroom 1: Yes
- Bedroom 2: 13.10 x 10.00, Level: 2, 131 Sq. Ft.
- Bedroom 3: 17.00 x 14.40, Level: 2, 244 Sq. Ft.
- Bedroom 4: 16.10 x 13.30, Level: 2, 214 Sq. Ft.
- Bedroom 5: 13.20 x 16.40, Level: 1, 216 Sq. Ft.
Other Rooms
- Other Room 1: 14.40 x 15.00, Level: 1, 216 Sq. Ft.
- Other Room 2: 13.10 x 10.00, Level: 1, 131 Sq. Ft.
- Other Room 3: 17.00 x 14.40, Level: 2, 244 Sq. Ft.
- Other Room 4: 16.10 x 13.30, Level: 2, 214 Sq. Ft.
- Other Room 5: 13.20 x 16.40, Level: 2
- Other Room 6: 14.40 x 15.00, Level: 1
Parking
- Garage: Yes
- Other Parking Type: On Street
- Parking: None
- Garage Description: None
Location
- County: Jefferson
- Township: Madison
- Historic District: Yes
School Information
- School District: Madison Consolidated
- Elementary School: Madison Consolidated
- High School: Madison Consolidated
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
- Water Heater: Gas
Utilities
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Historical
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Cellar
- Foundation: Other
- Roof: Shingle
- Windows: Other
- Stories/Levels: Two
- Square Feet: 5,508
- Living Area: 5,508 Sq. Ft.
- Year Built: 1840
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,216
- Street/Road Desc.: Paved
Disclosures and Reports
- APN: 39-13-02-212-005.005-007
Listed by eXp Realty, Jim Pruett
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Listing agent
— 513 West St —
Jim Pruett
eXp Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 513 West St
School District:Madison Consolidated Schools
| Name | Grades | Distance |
|---|---|---|
Lydia Middleton Elementary School 714 West Main Street, Madison, IN 47250 | K-5 | 0.4 mi |
Madison Consolidated Jr High School 701 8th Street, Madison, IN 47250 | 6-8 | 2.5 mi |
Madison Consolidated High School 743 Clifty Drive, Madison, IN 47250 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 513 West St
Tax History
Tax History for 513 West St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,405
—
$206,900
17%
2024
$2,405
—
$177,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 513 West St
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- Condo
- Active
- Updated 3 days ago
- 2Beds
- 1Total Bath
- 1,246Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 7Beds
- 4Total Baths
- 2,976Sq. Ft.
Listed by Meisberger And Associates, Marybeth Castner and Meisberger And Associates
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,200Sq. Ft.
Listed by Lohmiller Real Estate, Andrew Patton
513 West Street, Madison, IN 47250 (MLS# 207202) is a Single Family property with 10 bedrooms, 6 full bathrooms and 2 partial bathrooms. 513 West Street is currently listed for $1,375,000 and was received on April 08, 2026. Want to learn more about 513 West Street? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.