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Description

Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish exactly how you envision. With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer. Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300–$1,500 per side, with an estimated after-repair value around $240,000–$250,000. The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option — live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don’t miss this opportunity to create value and build wealth with a duplex in a convenient downtown location.

Details

  • Property Details

  • MLS #:
    202618627
  • Price
    $102,000
  • Bedrooms
    4
  • Baths Total
    2
  • Full Baths
    2
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.05
  • Approx. Lot Size SqFt
    2,347
  • Class
    Investment
  • DOM
    16
  • Lot Dimensions
    30 x 77
  • New Construction
    No
  • Parcel ID#
    02-12-12-354-009.000-074
  • Property Sub-Type
    Duplex
  • State
    IN
  • Style
    Three Story
  • Subdivision
    Purman(s)
  • Total Finished SqFt
    1,685
  • Total SqFt
    2,375
  • Year Built
    1915
  • Zip
    46803
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: June 23 2026, 6:13 PM

Listing courtesy of: Jerry Starks, JM Realty Associates, Inc.

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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