USAINNorth VernonNo Subdivision218 4Th St
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218 4 Th St, North Vernon, IN

Real Estate

For Sale

Listed price in listed location currency (USD).
$150,000

000

MLS® 22082490

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 2
Lot Size 0.16 acres
Approx. Age 1868
MLS® Number 22082490

Property Address: 218 4th St, North Vernon, IN, 47265-1244

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number22082490
Laundry Level
Central VacNo
FireplaceNo
Acreage0.16
Exterior
GarageNo
Approx. Age1868
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 3, 2026List Date
$150,000List Price
  • Commute

Commute

Starting Address
Destination Address
218 4 Th St, North Vernon, IN

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