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Shawne Mardis

smardis@movingwithmardis.com +1(502) 649-6720

$1,375,000

Est. payment - /mo

10 Beds

8 Baths

5,508 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 5,508 sqft

Price per Sqft $249

MLS Listing ID 202607078

Style Two Story

Bedrooms 10

Full Baths 6

Half Baths 2

Construction Status Resale

Abv Grd Liv Area 5,508

Year Built 1840

Annual Tax Amount $8,008

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Residential

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.

Location

State IN

County Jefferson_ I N

Area Downtown

Zoning Historic District

Direction 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.

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Number 2

Fireplace Yes

Appliance Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Water Softener, Washer

Laundry Main Level, Other

Exterior

Exterior Feature Balcony, Porch

Community Features Sidewalks

View Y/N Yes

Water Access Desc Connected,Public

View City

Roof Type Shingle

Street Surface Paved

Porch Balcony, Porch

Building

Lot Description Corner Lot

Entry Level Two

Foundation Stone, Cellar

Sewer Public Sewer

Water Connected, Public

Architectural Style Two Story

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 391302212005005007

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

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Listed by eXp Realty, LLC

Nearby Locations

"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA

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513 & 515 West ST Madison, IN 47250