$2,149,000

Property Description

Prime Multi-Family Investment Opportunity Near Indiana State University! Excellent opportunity to acquire a fully occupied, 18-unit apartment community located within walking distance of the Indiana State University campus. With a strong student-housing location, established occupancy, and a desirable mix of unit sizes, this property offers an attractive addition to any rental portfolio. The community consists of five duplex buildings featuring spacious three-bedroom units, along with an 8-unit building offering two-bedroom apartments. The property was built with quality construction, has been well maintained, and provides the convenience tenants are looking for, including off-street parking and an on-site picnic shelter. Currently 100% occupied, this established rental community offers immediate income and the advantages of a location convenient to ISU, downtown Terre Haute, shopping, dining, and other area amenities. Whether you're an experienced rental property investor looking to expand your holdings or an entrepreneur ready to grow your real estate portfolio, this is a rare opportunity to acquire a sizable, stabilized multi-family property in the Terre Haute market.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Sep 24, 2026

Price per Sq Ft

$113/sqft

ZIP Code

47807

Full Baths

4

Neighborhood

Indiana State University

County

Vigo

School District

Vigo County School Corp

Features & Amenities

Location

Lat 39.47675 · Lng -87.41111