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
Exterior
- Construction
- Foundation
- Style
Systems
- Heating
- Cooling
- Utilities
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
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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