822 E Main Jamestown, IN $ 149,900
822 E Main
$ 149,900
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822 E Main

Jamestown, IN, 46147
$ 149,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,035

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Multi-Family Home for sale in Jamestown, IN

for $149,900. This home was built in 1948 on a lot size of 0.45.

You must see this incredible opportunity in a great location in downtown Jamestown. Right across from the nature park and just down the street from everything downtown Jamestown has to offer lies the former American Legion Building. This massive well-built building offers up 2400sf on the fully finished main level, 2400sf of unfinished basement space below and over 10,000sf of paved asphalt parking. Once inside you will find two large banquet halls, each with its own separate entrance to the exterior, its own full bathroom and one shared full kitchen. Downstairs you will find 2 large rooms, each with its own separate entrance to the exterior and its own half bathroom. The building currently has dual HVAC systems with two gas furnaces, baseboard heat, two central A/C units, gas water heater, 200amp electrical service and a basement sump pump. Property is zoned Residential (R2) with current permitted uses of single family residential or 2 unit multifamily residential. Though the property can be converted to a triplex or quad multifamily by applying for state approvals. Seller is currently pursuing permitting to convert building to a duplex with 3 bedrooms in each main floor unit, and already has architectural renderings of the building as a triplex completed, see attached drawings. This incredible building offers up tons of square footage, open space, parking, future uses and flexibility to become your next great investment. Property is a fixer-upper and will need TLC. Come see it today!

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Multi-Family Active

Price

$ 149,900

Property Type

Multi-Family

Taxes

$ 1,760

Style

Ranch

Lot Size

0.45

Year Built

1948

Town/City

Jamestown

County/Region

Boone

MLS | Web ID

22130445

Features
General
Heating Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 1948
Tenant Pays All Utilities
Township Jackson
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Boone
Net Operating Income 36600
Operating Expense 0
Insurance Expense 1794
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Possible Use Residential
Status Active
Directions GPS Friendly
High School Western Boone Jr-Sr High School
City Jamestown
High School District Western Boone Co Com Sch Dist
Number Of Units Total 2
MLS Area 609 - Boone - Jackson
Lot Size Square Feet 19471
Carport Spaces 0
Elementary School Granville Wells Elementary School
Current Financing Conventional
Property Condition Fixer
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot 1
Legal Description Pt E1/2 Se 10-17-2W 0.45A
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Interior
Basement Full Unfinished Walk-Out Access
Basement (Y/N) Y
Laundry Features Connections Some
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Exterior
Parking Features Assigned Common Asphalt Guest
Lot Features City Lot Curbs Sidewalks Street Lights Mature Trees
Foundation Details Block
Lot Size Acres 0.45
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

jordan@moodycompany.com

Email

Affordability Calculator

$1,182
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,035
Monthly Property Taxes
$147
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4047269 Elementary School
4045169 Middle School
Western Boone Jr-Sr High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$149,900 Listed Price

Map


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822 E Main, Jamestown, IN, 46147 is a Multi-Family Home for sale at $149,900 with a lot size of 0.45. 822 E Main has 0.0 baths and was built in 1948. The property's zip code is 46147 which is in Jamestown, IN