Listing
$545,000
Original list price: $595,000
119 S••••• Second St (Sign up for 50 free credits to unlock)Boonville, IN 47601
Property Description
Conveniently located on the Boonville Square, this well-maintained investment property features eight studio-style apartments with consistent rental history. Each unit includes a full kitchen with appliances, LVT flooring, a spacious living area, a bedroom nook large enough for a king-sized bed, and a full bath with a tub/shower combo. Tenants have access to an on-site coin-operated laundry center that generates additional income, along with limited off-street parking available on a first-come, first-served basis. All eight units are currently occupied, offering immediate cash flow and long-term potential.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Closed
- Listed
- Nov 23, 2025
- Sold
- Oct 25, 2026
- List Price
- $595,000
- Price per Sq Ft
- $106/sqft
- ZIP Code
- 47601
- Full Baths
- 8
- Stories
- 2
- Cooling
- Central Air
- Property Tax (2025)
- $4,374/yr
- Assessed Value
- $212,700
- County
- Warrick
- School District
- Warrick County School Corp
Features & Amenities
Bedrooms
- Bedrooms: 8
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Farm Info
- Pasture Area: 870.8
- Tillable Area: 870.8
Land Info
- Lot Description: Level
- Lot Size Acres: 0.13
- Lot Size Dimensions: 39X149
- Lot Size Square Feet: 5663
- Wooded Area: 1
Utilities
- Electric Expense: 870.8
- Sewer: Public
- Water Sewer Expense: 3873.46
Other Rooms
- Basement Description: Full Basement
Rental Info
- Lease Term: 1 Year
- Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Sewer, Water
Commercial Info
- Net Operating Income: 51837.93
Multi-Unit Info
- Number of Units: 8
- Number of Studio Units: 8
- Number of 1 Bedroom Units: 8
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Bedrooms in Unit-6: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-6: 1
- Total Rooms in Unit-1: 1
- Total Rooms in Unit-2: 1
- Total Rooms in Unit-3: 1
- Total Rooms in Unit-4: 1
- Total Rooms in Unit-5: 1
- Total Rooms in Unit-6: 1
- Unit 1 Total Actual Rent: 725
- Unit 2 Total Actual Rent: 725
- Unit 3 Total Actual Rent: 725
- Unit 4 Total Actual Rent: 725
- Unit 5 Total Actual Rent: 730
- Unit 6 Total Actual Rent: 725
Interior Features
- Flooring: Carpet, Tile, Vinyl
Garage and Parking
- Parking Total: 3
School Information
- Elementary School: Oakdale
- High School: Boonville
- Middle School: Boonville
- School District: Warrick County School Corp.
Heating and Cooling
- Cooling Features: Central Air
- Fuel Expense: 870.8
- Heating Fuel: Gas
- Number of Fireplaces: 1
Other Property Info
- Annual Tax Amount: 2122
- Source Listing Status: Sold
- County: Warrick County
- Directions: Head East on W. Locust St., turn left on 3rd St, turn left on W. Main St., and left on 2nd St.
- Tax Year: 2025
- Inclusions: Building,Lease,Other
- Insurance Expense: 2122
- Area: Warrick County
- Source Neighborhood: Warrick County
- Number of Separate Electric Meters: 8
- Number of Separate Gas Meters: 8
- Owner Pays: Building Insurance, Maintenance, Snow Removal, Trash Collection
- Parcel Number: 87-09-26-404-184.000-003
- Township: Boon
- Trash Expense: 495
- Property Subtype: Eightplex
Homeowners Association
- Maintenance Expense: 4721.13
Building and Construction
- Total Square Feet Living: 5130
- Year Built: 1901
- Above Grade Finished Area: 5130
- Below Grade Unfinished Area: 2340
- Building Exterior Type: Asphalt, Brick, Wood
- Property Age: 125
- Levels or Stories: 2
- House Style: Two Story
- Total Area Sqft: 7470
- Total Below Grade Area: 2340
Location
Lat 38.04955 · Lng -87.27576