$285,500 $48/sf  
$285,500
$48.26/sf
Active - Multi Family for sale
6-unit brick multifamily in Terre Haute, IN. All major systems replaced in 2021 (plumbing, electrical, roof, HVAC, water heaters) 3 units renovated in 2025. Electric separately metered — tenants pay own electric. 5 of 6 units occupied with $3,315/month in-place rents. Unit 5 vacant — immediate lease-up upside. Water/sewer currently owner-paid with no recapture — new owner can implement flat fee billing and push NOI with zero capex. Diverse unit mix: 1×3BR, 2×2BR, 3×1BR. Located in a 4-university market (Indiana State, Rose-Hulman, Saint Mary-of-the-Woods, Ivy Tech). 8.9% cap rate on stabilized NOI. Pro-forma 9% with Unit 5 leased and utility recapture in place.
Beycome ID: 17085873
- Listed by: Steven Koleno • (804) 656-5007 • contact@beycome.com
- Brokered by: Beycome Brokerage Realty LLC • (804) 656-5007
- Source: Beycome
- MLS Number: 22091411
- MLS Last Updated: Mar 26, 2026 at 03:15pm EDT
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Furnished: Unfurnished
Status: Active
Listed Date: 03/24/2026
Days On Market: 8
Lot Size (Acres): 0.09
Lot Size (Square Feet): 3920.4
Year Built: 1924
Parcel Number: 84-06-10-454-001.000-002

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