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116 1/2 E Church Street Alexandria, IN $ 599,900
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$ 599,900 Get more info
116 1/2 E Church Street
$ 599,900
Back to search
Share Save

116 1/2 E Church Street

Alexandria, IN, 46001
$ 599,900
Baths0.0

Monthly Estimate*

$ 3,694

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Studio

Multi-Family Home for sale in Alexandria, IN

for $599,900. This home was built in 1900 on a lot size of 0.1.

Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 7currently under leased. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces, 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, there is some newer flooring and drywall throughout, City Water, sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS. Motivated Seller

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Multi-Family Active

Price

$ 599,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,346

Style

Lot Size

0.1

Year Built

1900

Town/City

Alexandria

County/Region

Madison

MLS | Web ID

22061788
Features
General
Possession Subject to Tenant Rights
Year Built 1900
Township Monroe
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Current Use Comm Mul Ten
County Madison
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
City Alexandria
High School District Alexandria Community School Corp
Number Of Units Total 7
MLS Area 4805 - Madison - Monroe
Lot Size Square Feet 4356
Elementary School Alexandria Monroe Elementary School
Middle/Junior High School Alexandria-Monroe Jr./Sr. High School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 0
Legal Description C & S 34'X132' 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Exterior
Lot Size Acres 0.1
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* Excluded Features
List By
Carpenter, Realtors®

Broker

reannasouthard@gmail.com

Email

Affordability Calculator

$3,973
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4048048 Elementary School
4819499 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/29/2025$599,900 -7.57% Price Down
9/12/2025$649,000 Listed Price

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116 1/2 E Church Street, Alexandria, IN, 46001 is a Multi-Family Home for sale at $599,900 with a lot size of 0.1. 116 1/2 E Church Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 46001 which is in Alexandria, IN

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