513 & 515 West Street, Madison, IN 47250
- $1,375,000
- 10
- BD
- 8
- BA
- 5,508
- SqFt
- List Price
- $1,375,000
- Status
- ACTIVE
- MLS#
- 202607078
- Bedrooms
- 10
- Full-baths
- 6
- Half-baths
- 2
- Sq. Ft
- 5,508
- Acres
- 0.51
- Year Built
- 1840
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. Blending historic character with modern upgrades, this property is a standout opportunity in one of Indiana’s most sought after river towns.
Additional Information
- Style
- Two Story
- Foundation
- Stone, Cellar
- Exterior Features
- Balcony, Porch
- Appliances
- Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Water Softener, Washer
- Fireplaces
- 2
- Cooling
- Central Air
- Heating
- Forced Air
- Sewer
- Public Sewer
- Water
- Connected, Public
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Listing courtesy of eXp Realty, LLC.