371 & 383 W 12th Street, Peru, IN 46970

Peru
Local realty services provided by:Better Homes and Gardens Real Estate Connections
371 & 383 W 12th Street,Peru, IN 46970
$650,000
Virtual Tour
  • 22 Beds
  • 15 Baths
  • 12,306 sq. ft.
  • Multi-family
  • Active
Listed by: cherie smithCell: 765-438-5971
Office: true realty
MLS#:202547048
Source:Indiana Regional MLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$47.37

About this home

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

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Home facts

  • Year built:1880
  • Listing ID #:202547048
  • Added:185 day(s) ago
  • Updated:May 27, 2026 at 02:52 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:15
  • Full bathrooms:15
  • Flooring:Carpet, Laminate, Vinyl Tile
  • Basement Description:Cellar, Crawl, Slab
  • Living area:12,306 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window
  • Heating:Electricity, Gas
  • Central air:Yes

Structure and exterior

  • Year built:1880
  • Building area:12,306 sq. ft.
  • Lot area:1.52 Acres
  • Lot Features:Irregular
  • Construction Materials:Aluminum, Vinyl

Schools

  • High school:Peru
  • Middle school:Peru
  • Elementary school:Elmwood/Blair Pointe

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$47.37
  • Tax amount:$5,000

Features and amenities

  • Pool features:Below Ground

Parking

  • Parking description:Gravel Parking, Off Street Parking, Parking Lot
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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