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801 N 5th Street

Terre Haute, IN 47807

ActiveListed Sep 23, 2026 · 2 days on market

Key facts

Living area
19,024 sqft
Lot
0.09 acres
Year built
1994
Type
Commercial Sale · Multi Family
Stories
Two
MLS #
22128136
County
Vigo
Total building area
19,024 sqft

About this home

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.

Description provided by the listing brokerage.

Interior

Security
Smoke Detector(s)

Exterior

Construction
Vinyl Siding
Foundation
Slab
Style
Split Level

Systems

Heating
Heat Pump
Cooling
Central Air
Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Elementary school
Davis Park Elementary School
Middle school
Sarah Scott Middle School
High school
Terre Haute North Vigo High School
School district
Vigo County School Corp

Taxes

Estimated annual tax
$29,350 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$14,031per month, estimated
Principal and interest $10,833Property tax $2,446Insurance $752
20% · $429,800
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$2,149,000
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