Residential in Madison

$1,375,000

513 & 515 West, 47250, Madison, IN

Residential for sale in Madison, 513 & 515 West, 47250, 5508 m²

513 & 515 West, 47250, Madison, IN

$1,375,000

10Bed
8Bath
5508
Type: Residential

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.

Location

513 & 515 West, 47250, Madison, IN

Data

Object TypeResidential
Purchase Price$1,375,000
Living Space5508 m²
Plot Size2063.9 m²
Bathrooms8
Construction Year1840
ConditionNot specified
Rooms10

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1840
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent