For sale

$369,900

513 E Main Street, Madison, IN 47250

3beds

1,394sqft

$2,550/mo

Get pre-qualified

Single Family Residence

Built in 1900

261 Square Feet Lot

$353,100 Zestimate^®

$265/sqft

$-- HOA

What's special

Multiple fireplaces

Historic Downtown Madison AirBNB opportunity! Step into charm and character of this beautiful historic home located in the heart of downtown Madison, Indiana. Currently operating as a successful, active AirBNB, this 3-bedroom, 2-bath home offers an excellent opportunity for investors or buyers looking for turn-key property with income potential. Original hardwood floors throughout add warmth and timeless character, while multiple fireplaces showcase the home's historic appeal. The spacious primary bedroom is conveniently located on the main floor. Enjoy the best of downtown Madison with shops, restaurants, riverfront attractions, and historic sites just moments away. A wonderful blend of historic charm, modern livability, and investment potential! The furniture can be purchase separately.

36 days
425
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Central Air, Window Unit(s), WallWindow Unit(s)

Appliances

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

Features

Has basement: Yes
Number of fireplaces: 1
Fireplace features: Decorative

Interior area

Total structure area: 1,394
Total interior livable area: 1,394 sqft
Finished area above ground: 1,394
Finished area below ground: 0

Property

Parking

Parking features: No Garage
Details: Off Street

Features

Levels: Two
Stories: 2

Lot

Size: 261 Square Feet
Dimensions: 15 x 168

Details

Additional structures: Shed(s)
Parcel number: 391302124010000007
Zoning: Historic District
Zoning description: Historic District

Construction

Type & style

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

Materials

Brick, Frame
Foundation: Cellar
Roof: Metal

Condition

New construction: No
Year built: 1900

Utilities & green energy

Water: Connected, Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $265/sqft
Tax assessed value: $146,000
Annual tax amount: $2,920
Date on market: 8/26/2026
Cumulative days on market: 38 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan

Estimated market value

$353,100

$335,000 - $371,000

$1,515/mo

Price history

Date	Event	Price
8/27/2026	Listed for sale	$369,900+48%$265/sqft
Source: SIRA #2026011309 Report a problem
4/6/2023	Sold	$250,000+44.9%$179/sqft
Source: SIRA #202306818 Report a problem
6/22/2020	Sold	$172,500-2.8%$124/sqft
Source: SIRA #2019013724 Report a problem
3/6/2020	Price change	$177,500-4%$127/sqft
Source: F.C. Tucker/Scott Lynch Group #2019013724 Report a problem
12/31/2019	Listed for sale	$184,900$133/sqft
Source: F.C. Tucker/Scott Lynch Group #2019013724 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,716 +113.4%	$146,000 +7.5%
2024	$1,273 +10%	$135,800 +6.7%
2023	$1,157 +4.5%	$127,300 +10%
2022	$1,107 +1.8%	$115,700 +4.5%
2021	$1,087	$110,700 +1.8%
2020	$1,087 +6.9%	$108,700
2019	$1,017 +2.4%	$108,700 +6.9%
2018	$994 +4.4%	$101,700 +1.3%
2017	$952 +9.8%	$100,400
2016	$867 -7%	$100,400 +0.3%
2014	$932 -11.2%	$100,100 -5.6%
2013	$1,050 -1%	$106,000
2012	$1,060 +23.5%	$106,000 +7.7%
2011	$858 -7.4%	$98,400
2010	$927 +10.4%	$98,400
2009	$840 +25.5%	$98,400 +6.8%
2007	$669 -34.8%	$92,100 +0.4%
2006	$1,026	$91,700 +69.5%
2005	--	$54,100