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    321 2Nd St Rising Sun, IN 47040

    For Sale
    $129,900

    Multi Fam 2-4 units, Stick Built - Rising Sun, IN

    Property size:
    1,470 SF
    Lot size:
    0.16 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 321 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    58-06-02-002-022.000-004
    Parking features
    None
    Size
    1,470 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1900
    Building materials
    Vinyl Siding
    Architectural style
    Stick

    Huff Realty (812) 537-4663 [email protected]

    Listing agent Alexis Jent (812) 537-4663 License #RB23001608

    Listing date Nov 12, 2025

    MLS# 204767 Listing URL

    Copyright © 2025 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rising Sun Duplex Investment Opportunity

    Located in Rising Sun, Indiana, this duplex presents an investment opportunity. The property, with a building size of 1470 square feet and situated on a 0.16-acre lot, is zoned for residential use. The first-floor unit is currently occupied by a long-term tenant, providing immediate rental income. The second-floor unit is vacant. The owner is responsible for water and trash expenses, which average approximately $75 per month, while the tenant covers gas and electric costs. This property is being sold as-is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rising Sun
    County
    Ohio
    State
    Indiana
    Longitude
    -84.856041
    Latitude
    38.948362

    Nearby Similar for Sale

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    • $189,900
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      Move-in ready commercial space perfect for office or daycare use.
      410 Main St, Rising Sun, IN 47040
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      Rising Sun Commercial Building

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    FAQs

    What type of property is this?
    Duplex - Duplex in Rising Sun, Indiana, ideal for rental income.
    Where is this duplex located?
    The property is located at 321 2Nd St Rising Sun, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Duplex offers immediate rental income from a long-term tenant in the first-floor unit.; - Opportunity to customize the vacant second-floor unit.; - Potential to offset mortgage costs with rental income.
    (812) 537-4663
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    321 2Nd St Rising Sun, IN 47040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 2Nd St Rising Sun, IN 47040
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