$165,000

Property Description

This spacious two-story brick duplex offers an excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income! Each apartment features 4 bedrooms and 2 full bathrooms. 1 Bedroom and 1 full bathroom located on the main level and 3 bedroom/1 bathroom located upstairs. Both sides have consistently rented for $1,300 per month, providing a strong rental history and a potential gross rental income of $2,600 per month when fully occupied. The owner has intentionally left one side vacant to make showings easier, giving the new owner the flexibility to select their next tenant or move into the vacant unit and let the occupied side help offset the mortgage. Even better, tenants are responsible for all utilities, helping keep operating expenses favorable for the owner. Located within walking distance of Indiana State University, this property offers a convenient location, proven rental potential, and multiple possibilities for its next owner. Whether you're looking to expand your investment portfolio or take advantage of an owner-occupied income-producing property, this duplex is one you'll want to see!

Property Facts & Features

Property Type

Multi Family

Status

For Sale

Listed

Aug 13, 2026

ZIP Code

47807

Full Baths

4

Stories

2

Parking

Gravel

Heating

Forced Air, Natural Gas

Construction

Brick

Property Tax (2024)

$2,387/yr

Assessed Value

$110,400

Last Sold

$123,000 · May 24, 2023

Neighborhood

The Avenues

County

Vigo

School District

Vigo County School Corp

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.47770 · Lng -87.40387