413 S Main Street Lapel, IN $ 199,900
413 S Main Street
$ 199,900
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413 S Main Street

Lapel, IN, 46015
$ 199,900
Baths0.0

Monthly Estimate*

$ 1,231

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Studio

Multi-Family Home for sale in Lapel, IN

for $199,900. This home was built in 1951 on a lot size of 0.2.

Investor opportunity in the heart of Lapel! This well-maintained duplex at 413-415 S Main Street offers a strong rental history and excellent income-producing potential. Whether you're looking to expand your investment portfolio or take advantage of owner-occupancy by living in one unit while renting the other, this property provides flexibility and long-term value. Each unit features 1 bedroom, 1 full bathroom, and a detached 1-car garage, providing comfortable living space and added convenience for tenants or owner-occupants. Utilities are separately metered, making management simple and efficient while allowing tenants to pay their own utility expenses. Ideally located near local amenities, parks, schools, and major commuter routes, this property benefits from established rental demand and multiple ownership opportunities. Don't miss your chance to own a versatile income-producing property with proven rental history and long-term potential.

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Multi-Family Active

Price

$ 199,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,688

Style

Bungalow

Lot Size

0.2

Year Built

1951

Town/City

Lapel

County/Region

Madison

MLS | Web ID

22109439

Features
General
Possession Closing
Garage Spaces 2
Architectural Style Bungalow
Year Built 1951
Township Stony Creek
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Madison
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
High School Lapel Sr High School
City Lapel
High School District Frankton-Lapel Community Schools
Number Of Units Total 2
MLS Area 4809 - Madison - StonyCreek
Lot Size Square Feet 8712
Elementary School Lapel Elementary School
Middle/Junior High School Lapel Middle School
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot 163
Legal Description Woodwards 5th 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Interior
Basement (Y/N) N
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Exterior
Lot Size Acres 0.2
Waterfront Y/N N
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* Excluded Features
List By
Stone & Gable Realty

Broker

ray@stoneandgable.com

Email

Affordability Calculator

$1,455
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$224
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
4048582 Elementary School
4048580 Middle School
Lapel Sr High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$199,900 Listed Price

Map


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413 S Main Street, Lapel, IN, 46015 is a Multi-Family Home for sale at $199,900 with a lot size of 0.2. 413 S Main Street is a studio with 0.0 baths and was built in 1951. The property's zip code is 46015 which is in Lapel, IN