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371 & 383 W 12th Street Peru, IN $ 675,000
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371 & 383 W 12th Street
$ 675,000
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371 & 383 W 12th Street

Peru, IN, 46970
$ 675,000
Bedrooms22 Baths15.0 Sq 12,306

Monthly Estimate*

$ 4,211

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Multi-Family Home for sale in Peru, IN

for $675,000 with 22 bedrooms and 15 full baths. This 12,306 square foot home was built in 1880.

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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Multi-Family Active

Price

$ 675,000

Bedrooms

22

Full Bath

15

Property Type

Multi-Family

Taxes

$ 6,240

Style

Year Built

1880

Town/City

Peru

County/Region

Miami

MLS | Web ID

202547048
Features
General
Heating Electricity Gas
Cooling Central Air Window
Sewer City
# of Buildings 6
Status Active Active
Full Baths 15
Half Baths 0
Bathrooms 15
Year Built 1880
Parking Gravel Lot Off Street
New Construction No
Tenant Pays Electric Fuel
Subdivision None
Style Other
Stories Count 2
Township Peru
Class INVESTMENT
Type Other
Age 145
Net Income 83544
Rent Income 106308
Features Off Street Parking
REO No
Status Detail 0
Area Miami County
High School Peru
City Peru
School District Peru Community Schools
Total Sq Ft 13722
Elementary School Elmwood/Blair Pointe
Middle School Peru
Legal Description Miami County Parcel Numbers 52-08-28-301-054.000-016 52-08-28-301-055.000-016 & 52-08-28-301-061.000-016
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202547048
Agent First Name Cherie
Agent Last Name Smith
DOM 9
Tax Year 2024 pay 2025
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Exterior
Road Surface Asphalt
Road Access City
Exterior Aluminum Vinyl
Pool Yes
Number of Parking Spaces 15
Pool Type Below Ground
Lot Size Area 66211
Lot Dimensions Irregular
Lot Description Irregular
Electric Meters 15
Outbuilding Shed
Gas Meters 10
Waterfront Y/N No
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Interior
Basement Crawl Slab Cellar
Flooring Carpet Laminate Vinyl Tile
Beds 22
Total Number of Units 15
Microwaves 0
Refrigerators 15
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 22
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 15
W/D Hookups 0
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* Excluded Features
List By
Cherie Smith

Listing Agent

True Realty

Broker

cheriesmith.realtor@gmail.com

Email

Affordability Calculator

$4,731
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,211
Monthly Property Taxes
$520
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
1237378 Elementary School
1237099 Middle School
Peru High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/22/2025$675,000 Listed Price

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371 & 383 W 12th Street, Peru, IN, 46970 is a Multi-Family Home for sale at $675,000 with 12,306 sqft. 371 & 383 W 12th Street has 22 bedrooms, 15.0 baths, and was built in 1880. The property's zip code is 46970 which is in Peru, IN

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