Pending

218 4th Street

North Vernon, IN 47265

$150,000 $632/Mo

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Overview

Bed

Bath

0.16

Acre(Lot)

Description

Value-Add 4-Unit Residential Investment | Cash Flow + Upside | Walkable Downtown Location This 4-unit residential investment property offers investors a rare combination of current income, immediate upside, and long-term appreciation potential in a strategic, walkable location near downtown. At full occupancy, the property generates $2,540 in monthly revenue, with one unit currently vacant, providing a clear opportunity for a buyer to increase income from day one. With targeted capital improvements, market rents support projected income of $3,000+ per month, making this an attractive cash-flowing asset and value-add play. The property is already supported by a high-quality, professional property management company, allowing for a passive ownership experience-ideal for both seasone d investors and those looking to scale without adding operational burden. Situated within walking distance to downtown, the property benefits from a location that continues to strengthen as the area sees ongoing public and private investment, supporting future rent growth and appreciation over time. Investment Highlights: 4-unit residential property $2,540/month at full occupancy One vacant unit provides immediate upside Market rent potential of $3,000+ per month Value-add opportunity through capital improvements Professional property management in place Walkable to downtown with long-term appreciation potential This is an excellent opportunity to acquire a stabilizing asset with built-in upside in a growing downtown corridor-perfect for investors seeking reliable cash flow today and equity growth tomorrow. For financials, additional details, or to schedule a showing, reach out today.

Property Details

Property Type : Residential Income

Price : $150,000

AD Id : 75027425

MLS Id : MBR22082490

Lot Size : 0.16 Acre

Year Built : 1868

County : Jennings

Subdivision: No Subdivision

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Building Information

Year Built: 1868

Lot Information

Lot Square Feet: 7100 Lot Acres: 0.16

Property Information

Property Type: Residential Income Sub Type: Quadruplex

Listing Price Information

Original List Price:$150000

Tax Information

Tax Lot: 40-09-34-240-067.000-004 Tax Legal Description: N V 512 Pp Tax Year: 2024 Parcel Number: 400934240067000004

School Information

Junior High School: Jennings County Middle School Senior High School: Jennings County High School
Location Information

Subdivision: No Subdivision City: North Vernon Direction: GPS Friendly

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ByOwner last updated this listing 06/26/2026 @ 06:20

MLS: MIBOR #22082490 LISTED BY: Andrew Flora, 1 Percent Lists Indiana Real Estate 812-343-4938 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

218 4th Street

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