Pam Vogelsang

513 & 515 West St

Madison, IN
$ 1,375,000 Beds 10 Baths 7 Sq 5,508
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 1,375,000
  • City
  • Madison
  • Bedrooms
  • 10
  • Full Bathrooms
  • 6
  • County
  • Jefferson
  • Half Bathrooms
  • 2
  • Area
  • Indiana
  • Lot Size
  • 0.51 Acres
  • Zip
  • 47250
  • Sqr Footage
  • 5,508
  • Year Built
  • 1840
  • Style
  • MLS#
  • 1713737
Listed By: EXP Realty LLC
Data Source: Metro Search, Inc.

Features

General

Heating Forced Air,Natural Gas
Cooling Central Air
Utilities Electricity Connected,Fuel:Natural
Roof Shingle
Construction Materials Brick
Year Built 1840
Stories Count 2
Property Subtype Single Family Residence
County Jefferson
Property Type Residential
HOA false
Attached Garage false
Subdivision Name NONE
Garage Y/N false
Total Rooms 10
Full Baths 6
Status Active
Directions Head West on to Main St. from Jefferson St. Make a right at West St and the property will be on your left at the corner of West and Presbyterian.
City Madison
MLS Area 13-Indiana
Lot Size Units Acres
Lot Size Square Feet 22215.6
MLS Area Minor 13-Indiana
Standard Status Active

Interior Features

Basement Unfinished,Cellar
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 5508
Half Baths 2
Total Bedrooms 10
LivingAreaSource Other
Total Baths 8

Exterior Features

Fencing None
Parking Features On Street
Water Source Public
Lot Size Area 0.51
Building Area Total 5508
Lot Dimensions 20X102
Lot Size Acres 0.51

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Louisville, KY office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School
Middle School
High School Unknown High School

Price History

4/8/2026 Listed $1,375,000

Property vs Zip Code Average in 47250

Price
AVG $330K
$1.38M
Year Built
AVG 1945
1840

Areas That We Cover

513 & 515 West St Madison, IN is a Single Family Home for sale at $1375000 with 5508 sqft and a lot size of 0.51 Acres Acre(s). 513 & 515 West St Madison has 10 bedrooms, 6 baths and was built in 1840. The property's zip code is 47250 which is in Madison, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Pam Vogelsang

Pam Vogelsang

502-237-5188

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