Key facts
- Living area
- 9,776 sqft
- Lot
- 0.24 acres
- Year built
- 1968
- Type
- Commercial Sale · Multi Family
- Stories
- Two
- MLS #
- 22001625
- County
- Knox
- Total building area
- 9,776 sqft
About this home
Discover a prime investment opportunity just 2 blocks from Vincennes University with this well-maintained 12-unit apartment building featuring all units as 2-bedroom, 1-bath layouts. Enjoy consistent cash flow with the property historically maintaining at least 90% occupancy. Tenants cover electric, owner pays water, sewer, and trash expenses. Due to rising demand there's substantial opportunity for rent increases, enhancing future profitability. Please call Listing Agent for showing inquiries. POF will be required. Rent Roll and Expenses upon request. Broker Owned
Description provided by the listing brokerage.
Interior
- Laundry
Exterior
- Foundation
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- Zoning
- Mixed Residential
Schools
- Middle school
- George Rogers Clark School
- High school
- Lincoln High School
- School district
- Vincennes Community School Corp
Taxes
- Estimated annual tax
- $7,112 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2023
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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