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Peru, IN Apartment Buildings for Sale

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Multi-Building Investment Property in Peru
Updated: Sep 16, 2025
Multi-Building Investment Property in Peru

371 West 12th Street, Peru, IN 46970

$650,000
12,306 sqft
Multi‑building property featuring 15 rentable units, a mix of one and two‑bedroom options.
Immediate income and rent growth potential with a mix of lease types.
Two buildings feature durable, long‑lasting metal roofs.
Many units are freshly painted and updated flooring in several.
Includes a below ground pool.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Peru, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated 9-Unit Apartment Building
Renovated 9-Unit Apartment Building

612 W 4th Street, Marion, IN 46952

$527,500
3,610 sqft 0.26 AC lot

Completely renovated 9-unit building with five one-bed units and four efficiencies, plus furnished appliances and separate utilities.

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14-Unit Apartment Complex
14-Unit Apartment Complex

408 N Jefferson Street, Converse, IN 46919

$715,000
7,880 sqft 0.45 AC lot

Three-building 14-unit apartment complex with ground-level entries and on-site laundry facilities.

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14-Unit Apartment Complex
14-Unit Apartment Complex

408 N Jefferson Street, Converse, IN 46919

$715,000
7,880 sqft

Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.

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Historic Building with Commercial Space
Historic Building with Commercial Space

402 S Washington St, Marion, IN 46953

$8,000,000
15,000 sqft

Renovated historic building featuring commercial space and market-rate apartments.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Prime Development Land, Springfield MO
Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Peru, IN Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Peru, IN on our real estate platform. These investment opportunities span a total of 12,306 square feet of properties for sale, with an estimated market value of $650,000.

Sale prices for two-family homes in Peru, IN start at $650,000, averaging $650,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 23K
Population Growth (5Y) -1.1%
Median Household Income $56,722
College Educated 10.7%

High-Yield Neighborhoods for Investment

Identify Peru submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46970 $650K

Taxes & Financing

Tax Rate (average for all types) 2.43%
Property Tax per SF $42.93 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

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