218 4th Street, North Vernon, IN 47265

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:

Pending

Data Last Updated:

May 25, 2026 at 5:19PM

Listing Office:

1 Percent Lists Indiana Real Estate : 812-344-0246

Listing Agent:

Andrew Flora : 812-344-0246

MLS ID:

22082490

Construction

• General: Two

Location

• Originating MLS: mibor
• School District: Jennings County School Corporation
• County: Jennings

Lot

• Zoning: N V 512 Pp400934240067000004
• Current Use: Residential

Financial

• Source: mibor