For sale

$199,900

512 E Main Street #1, Madison, IN 47250

1beds

1,040sqft

$1,547/mo

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Single Family Residence

Built in 1900

1,306 Square Feet Lot

$188,200 Zestimate^®

$192/sqft

$250/mo HOA

What's special

Beautiful historic buildingShared patio areaOff-street parkingLarge one-bedroom one-bath layoutBright and spacious atmosphereBonus exterior storage spaceCharming eat-in kitchen

Experience downtown living at its finest in this sunny first-floor condo located in a beautiful historic building on Main Street in Madison. Offering approximately 1,000 square feet, this charming condo features soaring 12-foot ceilings throughout, creating a bright and spacious atmosphere. The large one-bedroom, one-bath layout includes a walk-in shower, inviting family room with a fireplace, and a charming eat-in kitchen perfect for everyday living. Additional highlights include bonus exterior storage space, shared patio area, off-street parking, and several newer appliances. Conveniently located just steps from local shops, restaurants, wineries, popular festivals, and the scenic Ohio River, this condo offers the perfect blend of historic charm and downtown convenience. A must-see opportunity!

84 days

600

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Family Room

Bedroom

Level: First
Dimensions: 23 x 11

Family room

Level: First
Dimensions: 17 x 16

Kitchen

Level: First
Dimensions: 16 x 14

Other

Description: Utility Room
Level: First
Dimensions: 8.02 x 6.6

Heating

Heat Pump

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Laundry: Main Level, Laundry Room

Features

Eat-in Kitchen, Bath in Primary Bedroom, Main Level Primary, Storage, Utility Room, Window Treatments
Windows: Blinds
Has basement: Yes
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,040
Total interior livable area: 1,040 sqft
Finished area above ground: 1,040
Finished area below ground: 0

Property

Parking

Parking features: Open
Has uncovered spaces: Yes
Details: Off Street

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Paved Driveway, Patio

Lot

Size: 1,306 Square Feet

Details

Parcel number: 391302124071000007
Zoning: Residential
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story
Property subtype: Single Family Residence

Materials

Brick
Foundation: Stone, Cellar
Roof: Shingle

Condition

Resale
New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

Community

Features: Sidewalks

HOA

Has HOA: Yes
HOA fee: $250 monthly

Location

Region: Madison

Financial & listing details

Price per square foot: $192/sqft
Tax assessed value: $83,800
Annual tax amount: $462
Date on market: 5/28/2026
Cumulative days on market: 86 days
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

$188,200

$179,000 - $198,000

$1,064/mo

Price history

Date	Event	Price
5/29/2026	Listed for sale	$199,900+157.9%$192/sqft
Source: SIRA #202608700 Report a problem
7/6/2016	Sold	$77,500-6.6%$75/sqft
Source: Agent Provided Report a problem
10/6/2006	Sold	$83,000$80/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$386 -44.3%	$83,800 -7.1%
2024	$693 +1.6%	$90,200
2023	$682 +67%	$90,200 +7%
2022	$408 -32.8%	$84,300 +10.2%
2021	$608 +5.6%	$76,500
2020	$576 +1.4%	$76,500 -17.7%
2019	$568 +2.5%	$92,900
2018	$554 -30.6%	$92,900 +1.5%
2017	$799 +18%	$91,500 -15%
2016	$677 -35.9%	$107,600 +3.5%
2014	$1,056 -8.2%	$104,000 -4.4%
2013	$1,151 -0.8%	$108,800
2012	$1,160 +0.2%	$108,800 -3.2%
2011	$1,158 +0.3%	$112,400 +3.5%
2010	$1,154 -2.3%	$108,600
2009	$1,181 +43.4%	$108,600 +5.4%
2007	$824 -67.7%	$103,000
2006	$2,547	$103,000