$234,000

Property Description

Looking for a solid income-producing property with a strong rental history? This recently remodeled fourplex offers an excellent opportunity for investors looking to add to their portfolio or for someone looking to get started in multifamily investing. The property has a history of good demand and was fully occupied until recently, offering established rental income and a good cap rate. The four individual units provide a versatile mix of floor plans, including: Unit A: 2 bedrooms, 1 bathroom Unit B: 1 bedroom, 1 bathroom Unit C: 4 bedrooms, 2 bathrooms Unit D: 3 bedrooms, 1 bathroom Located in the Farrington Grove Historic District, the property is just minutes from Indiana State University, downtown Terre Haute, shopping, dining, and other local amenities. With established rental history, multiple income-producing units, and a convenient location, this fourplex is worth a closer look for investors seeking a property with income potential and room to build on its existing success. 24-hour notice is required for all showings. Please do not disturb tenants.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Aug 30, 2026

Price per Sq Ft

$34/sqft

ZIP Code

47807

Full Baths

5

Property Tax (2024)

$4,224/yr

Assessed Value

$354,900

Last Sold

$199,900 · Mar 3, 2024

Neighborhood

Farrington's Grove Historic District

County

Vigo

School District

Vigo County School Corp

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.46013 · Lng -87.41098