About This Home

This 0-bedroom, 0-bathroom commercial at 231 S Main Street in Madisonville, KY is listed for $625,000 ($138 per sqft). Built in 1909, the home offers 4,534 sqft of living space on a 0.72 acres lot.

Key Features

  • Built in 1909
  • 0.72 acre lot

Property Details

1909
Listing Description

Madison on Main is a rare opportunity to acquire a fully operational, highly rated short-term rental and event venue in the heart of downtown Madisonville. Built in 1909, this historic property operates as a sought-after Airbnb with a 4.95-star rating and a loyal repeat-guest base.

The home offers 11 bedrooms, each with a private bath, plus microwaves and mini-refrigerators, making it ideal for weddings, reunions, retreats, and corporate gatherings. Guests enjoy a fully equipped kitchen, shared gathering areas, music room, and laundry facilities, while a complete third-floor apartment serves as an ideal owner or manager's residence.

The property is being sold fully furnished, including locally sourced antique furniture, linens, and kitchenware. Recent upgrades include new roof, updated HVAC systems, new plumbing & electrical, and ADA accessibility improvements. With proven cash flow, strong occupancy, and diverse revenue potential, this turnkey investment is ready for you.

Monthly Cost Estimate

$3,343/mo

20% down · 6.5% · 30 years

Principal$452
Interest$2,708
Insurance$182

Estimates only. Actual payments may vary.

Location

231 S Main Street

Madisonville, KY 42431

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 231 S Main Street is listed at $625,000 ($138/sqft). The estimated monthly payment is $3,342 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1909, 0.72 acre lot.

This property is listed by Sara Spencer.

SS

Sara Spencer

Agent at Haven Realty, LLC

Listed by Haven Realty, LLC · Broker phone: 2708711514 · View on Broker Site

MLS# 122088· Source: Madisonville-Hopkins County Board of Realtors· 96 days on PropertySimple

Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

231 S Main Street, Madisonville, KY 42431

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