218 4th St

North Vernon IN 47265

7100 sq. ft.

Duplex

Last sold for $120,000

Andrew Flora, last sold this property on 30 June 2026 after 146 days on market.

Overview

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.

Features

7100 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar duplexes sold in North Vernon over the last 12 months.

Property history for 218 4th St

2026

Sold

$120,000

30 Jun 2026 by Andrew Flora, of 1 Percent Lists Indiana Real Estate

2015

Sold

$23,000

07 May 2015 by Jamin Spall, of Pieratt Robbins Mobility, Inc

Happy sellers in North Vernon

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