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371 & 383 W 12th Street

Peru, IN 46970

ActiveListed Jan 19, 2026 · 252 days on market

Key facts

Living area
12,306 sqft
Lot
1.52 acres
Type
Commercial Sale · Multi Family
Stories
Other
Garage
2 spaces
MLS #
22080697
County
Miami
Total building area
12,306 sqft

About this home

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

Description provided by the listing brokerage.

Exterior

Roof
MetalShingle
Foundation
CellarCrawl SpaceSlab
Parking and garage
Gravel

Systems

Heating
BaseboardElectricForced AirGasOther – See Remarks
Cooling
Window Unit(s)
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

School district
Peru Community Schools

Taxes

Estimated annual tax
$6,240 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,916per month, estimated
Principal and interest $3,176Property tax $520Insurance $221
20% · $126,000
6.47%
Loan type
Loan term

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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Listed at$630,000
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