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371 & 383 W 12th Street Peru, IN $ 650,000
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371 & 383 W 12th Street
$ 650,000
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371 & 383 W 12th Street

Peru, IN, 46970
$ 650,000
Bedrooms-- Baths-- Sq 12,306

Monthly Estimate*

$ 4,002

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Commercial Property for sale in Peru, IN

for $650,000. This 12,306 square foot building was built on a lot size of 1.52.

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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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 6,240

Style

Multi-Family 5+

Lot Size

1.52

Town/City

Peru

County/Region

Miami

MLS | Web ID

22080697
Features
General
Heating Baseboard Electric Forced Air Natural Gas Other
Cooling Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Subject to Tenant Rights
Roof Metal Shingle
Zoning Commercial
Garage Spaces 2
Tenant Pays Cable TV Electricity Gas Insurance
Township Peru
Levels Other
Property Subtype Multi-Family 5+
Tax Year 2024
Current Use Residential
County Miami
Net Operating Income 71244
Operating Expense 22764
New Construction N
Property Type Commercial Sale
Possible Use Residential
Status Active
Directions GPS Friendly
City Peru
High School District Peru Community Schools
Number Of Units Total 15
MLS Area 5206 - Miami - Peru
Lot Size Square Feet 66211
Additional Parcels Y/N Y
Structure Type Apartment Building Duplex FreeStand
Standard Status Active
Tax Lot 12 & 13
Legal Description 3 parcels in Miami County Indiana. 52-08-28-301-054.000-016 52-08-28-301-055.000-016 & 52-08-28-301-061.000-016
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Exterior
Parking Features Gravel
Foundation Details Cellar Crawl Space Slab
Building Area Total 12306
Lot Size Acres 1.52
Waterfront Y/N N
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* Excluded Features
List By
True Realty

Broker

cheriesmith.realtor@gmail.com

Email

Affordability Calculator

$4,522
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$520
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
5144089 Elementary School
5144088 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/19/2026$650,000 Listed Price

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371 & 383 W 12th Street, Peru, IN, 46970 is a Commercial Property for sale at $650,000 with 12,306 sqft and a lot size of 1.52. The property's zip code is 46970 which is in Peru, IN

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