218 4th Street, North Vernon, IN 47265

North Vernon
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
218 4th Street,North Vernon, IN 47265
$150,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew flora
Office: 1 percent lists indiana real estate
MLS#:22082490
Source:IN_MIBOR

Price summary

  • Price:$150,000

About this home

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 seasoned 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...

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Home facts

  • Year built:1868
  • Listing ID #:22082490
  • Added:44 day(s) ago
  • Updated:April 10, 2026 at 02:53 PM

Structure and exterior

  • Year built:1868
  • Lot area:0.16 Acres

Schools

  • High school:Jennings County High School
  • Middle school:Jennings County Middle School

Finances and disclosures

  • Price:$150,000
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