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408 N Jefferson Street Converse, IN $ 715,000
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$ 715,000 Get more info
408 N Jefferson Street
$ 715,000
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408 N Jefferson Street

Converse, IN, 46919
$ 715,000
Bedrooms-- Baths-- Sq 7,880

Monthly Estimate*

$ 4,402

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Commercial Property for sale in Converse, IN

for $715,000. This 7,880 square foot building was built in 1970 on a lot size of 0.45.

14-Unit Apartment Complex | Prime Main Road Location | Value-Add Opportunity Prime investment opportunity in the heart of Converse! This well-maintained 14-unit apartment complex, situated directly on Jefferson Street, offers a stable, income-producing asset with immediate potential for forced appreciation. The property consists of three separate buildings (two triplexes and one 8-plex), providing a flexible and manageable layout. This complex is a true "Value-Add" play. Unit #1 is currently undergoing renovations; the majority of building materials have already been purchased and will convey with the sale, allowing the new owner to finish the project and realize immediate rental income upside. With 10 of the 14 units on the ground level, this property is highly desirable for tenants and maintains consistent demand. Key Property Highlights: * Unit Mix: (4) 2-Bedroom/1-Bath units; (10) 1-Bedroom/1-Bath units. * Property Composition: Three buildings (two triplexes, one 8-plex). 8-plex features a 2-story design with on-site laundry facilities for added monthly revenue. * On-site laundry room featuring commercial-grade machines. The equipment is provided and maintained by a third-party vendor-offering you steady, passive laundry income without the hassle of equipment repairs or maintenance. * Accessibility: Highly accessible design with 10 units featuring ground-level entry. * Prime Accessibility: Located directly on Jefferson St (Main Rd) in Converse. * Immediate Amenities: Situated adjacent to Dollar General for maximum tenant convenience. * Districts: Served by the well-regarded Oak Hill United School Corporation. * Maintenance: Significant capital expenditure already addressed with roofs replaced just 5 years ago. * Upside Potential: Unit #1 near completion-all materials on-site will be transferred to the buyer at closing. Don't miss this opportunity to acquire a turnkey portfolio with built-in equity potential.

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Commercial Active

Price

$ 715,000

Property Type

Commercial

Taxes

$ 5,260

Style

Multi-Family 5+

Lot Size

0.45

Year Built

1970

Town/City

Converse

County/Region

Miami

MLS | Web ID

22105809
Features
General
Utilities Sewer Connected Water Connected
Possession Closing
Roof Asphalt
Zoning Multi Family Residential
Security Features Smoke Detector(s)
Construction Materials Brick Vinyl Siding
Year Built 1970
Township Jackson
Levels Two
Property Subtype Multi-Family 5+
Tax Year 2025
Current Use Apt<20
Building Name Sub NOT found in Table
County Miami
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
High School Oak Hill High School
City Converse
High School District Oak Hill United School Corp
Number Of Units Total 14
MLS Area 5214 - Miami - Jackson
Lot Size Square Feet 19600
Middle/Junior High School Oak Hill Junior High School
Structure Type Apartment Complex
Standard Status Active
Tax Lot 354-356
Legal Description Converse Ad Lots 354 355 & 356 Da 687 21 032 01000
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Exterior
Lot Features Access
Foundation Details Crawl Space
Building Area Total 7880
Lot Size Acres 0.45
Waterfront Y/N N
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Interior
Basement (Y/N) N
Laundry Features Common Laundry
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* Excluded Features
List By
Century 21 Bradley Realty Inc

Broker

jon@thepreuszgroup.com

Email

Affordability Calculator

$4,841
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,402
Monthly Property Taxes
$438
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
4441838 Elementary School
5490813 Middle School
Oak Hill High School High School
See complete school information
Pricing History
Date Price Price Change Description
6/5/2026 $715,000 Listed Price

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408 N Jefferson Street, Converse, IN, 46919 is a Commercial Property for sale at $715,000 with 7,880 sqft and a lot size of 0.45. 408 N Jefferson Street was built in 1970. The property's zip code is 46919 which is in Converse, IN

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