408 N Jefferson Street, Converse, IN 46919

Converse
Local realty services provided by:Better Homes and Gardens Real Estate Connections
408 N Jefferson Street,Converse, IN 46919
$715,000
Virtual Tour
  • 18 Beds
  • 14 Baths
  • 7,880 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan preusz, jonathan preuszCell: 765-667-1990
Office: century 21 bradley realty, inc
MLS#:202621117
Source:Indiana Regional MLS

Price summary

  • Price:$715,000
  • Price per sq. ft.:$90.74

About this home

14-Unit Apartment Complex | Prime Main Road Location | Value-Add Opportunity Prime investment opportunity in the heart of Converse! This well-maintained 14-unit apartment complex, situated directly on Jefferson Street, offers a stable, income-producing asset with immediate potential for forced appreciation. The property consists of three separate buildings (two triplexes and one 8-plex), providing a flexible and manageable layout. This complex is a true "Value-Add" play. Unit #1 is currently undergoing renovations; the majority of building materials have already been purchased and will convey with the sale, allowing the new owner to finish the project and realize immediate rental income upside. With 10 of the 14 units on the ground level, this property is highly desirable for tenants and maintains consistent demand. Key Property Highlights: ‹¢ Unit Mix: (4) 2-Bedroom/1-Bath units; (10) 1-Bedroom/1-Bath units. ‹¢ Property Composition: Three buildings (two triplexes, one 8-plex). 8-plex...

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Home facts

  • Year built:1970
  • Listing ID #:202621117
  • Added:1 day(s) ago
  • Updated:June 03, 2026 at 03:46 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:14
  • Full bathrooms:14
  • Flooring:Mixed
  • Basement Description:Crawl, Partial Basement
  • Living area:7,880 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Baseboard, Ceiling

Structure and exterior

  • Roof:Dimensional Shingles
  • Year built:1970
  • Building area:7,880 sq. ft.
  • Lot area:0.45 Acres
  • Lot Features:Level
  • Construction Materials:Brick, Vinyl

Schools

  • High school:Oak Hill
  • Middle school:Oak Hill
  • Elementary school:Converse/Sweetser

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$715,000
  • Price per sq. ft.:$90.74
  • Tax amount:$6,010

Features and amenities

  • Amenities:Sump Pump

Parking

  • Parking description:Asphalt Driveway, Gravel Driveway
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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