$150,000

218 4th Street, North Vernon, IN 47265

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1868
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property 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 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 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.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 5:19AM
Listing Office:
1 Percent Lists Indiana Real Estate : 812-344-0246
Listing Agent:
Andrew Flora : 812-344-0246
MLS ID:
22082490
  • General: Two
  • Originating MLS: mibor
  • School District: Jennings County School Corporation
  • County: Jennings
  • Zoning: N V 512 Pp400934240067000004
  • Current Use: Residential
  • Source: mibor

This listing courtesy of Andrew Flora , 1 Percent Lists Indiana Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Vernon Elementary School

810 W Walnut St, North Vernon, IN, 47265

Grades PK-6

1.41 miles away

J

Jennings County Middle School

820 W Walnut St, North Vernon, IN, 47265

Grades 7-8

1.41 miles away

J

Jennings County High School

800 W Walnut St, North Vernon, IN, 47265

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.