218 4th Street North Vernon, IN $ 150,000
218 4th Street
$ 150,000
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218 4th Street

North Vernon, IN, 47265
$ 150,000
Baths0.0

Monthly Estimate*

$ 924

218 4th Street, North Vernon, IN 47265 - Image 1
218 4th Street, North Vernon, IN 47265 - Image 2
218 4th Street, North Vernon, IN 47265 - Image 3
Studio

Multi-Family Home for sale in North Vernon, IN

for $150,000. This home was built in 1868 on a lot size of 0.16.

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.

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Multi-Family Active

Price

$ 150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,464

Style

Lot Size

0.16

Year Built

1868

Town/City

North Vernon

County/Region

Jennings

MLS | Web ID

22082490

Features
General
Possession Closing
Year Built 1868
Township Center
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Current Use Residential
County Jennings
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
High School Jennings County High School
City North Vernon
High School District Jennings County School Corporation
Number Of Units Total 4
MLS Area 4005 - Jennings - Center
Lot Size Square Feet 7100
Middle/Junior High School Jennings County Middle School
Standard Status Active
Tax Lot 40-09-34-240-067.000-004
Legal Description N V 512 Pp
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Exterior
Lot Size Acres 0.16
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* Excluded Features
List By
1 Percent Lists Indiana Real Estate

Broker

listwithflora@gmail.com

Email

Affordability Calculator

$1,046
Per Month
88%
12%
0%
Monthly Principal & Interest
$924
Monthly Property Taxes
$122
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
4046453 Elementary School
4046470 Middle School
Jennings County High School High School
Pricing History
DatePricePrice ChangeDescription
2/4/2026$150,000 Listed Price

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218 4th Street, North Vernon, IN, 47265 is a Multi-Family Home for sale at $150,000 with a lot size of 0.16. 218 4th Street is a studio with 0.0 baths and was built in 1868. The property's zip code is 47265 which is in North Vernon, IN