Rising Sun Multifamily Investment
For Sale
$124,900
321 2nd Street, Rising Sun, IN 47040
MULTI_FAMILY - Other - Rising Sun, IN
Property Size1,545 SF
Lot Size0.14 Acres
Price / SF$80.84
Days on Market94
Property Features for 321 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Basement, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
On Street
Window features
Wood Frames, Vinyl Frames
Fireplace
1
Elementary school
Ohio County Elementa
High school
Rising Sun High Scho
Elementary school district
Rising Sun - Ohio Co
Middle school district
Rising Sun - Ohio Co
High school district
Rising Sun - Ohio Co
Subdivision
Randolph
Standard status
Active
APN
58-06-02-002-022.000-004
Size
1,545 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Keller Williams Realty Services
(859) 240-0727
Listed By:
Jeff McGownd
(859) 240-0727
Added: Apr 29
Changed: Jul 30
Last Checked: Jul 31 at 6:06AM
MLS# 207336
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This multi-family property is located in Rising Sun, Indiana, and features upper and lower units. The lower unit is currently rented, offering immediate income. Lease details are available upon request. The property is located within walking distance to local amenities. Additional features include a fenced-in yard. The property size is 1545 square feet and the lot size is 0.14 acres.
Key Highlights
- Multi‑family home with both upper and lower units in Rising Sun, Indiana
- Lower unit is currently rented, providing immediate rental income (lease details available upon request)
- Fireplace included
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 47040, IN
5,288
Population
2,401
Households
2.2
Avg Household Size
46
Median Age
17%
College-Educated
93%
High-School Grad
64.9 sq mi
ZIP Area
81
Density / Sq Mi
$68,865
Median Household Income
$40,080
Median Earnings
$803
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property with income potential in Rising Sun, Indiana.
Where is this duplex located?
The property is located at 321 2nd Street Rising Sun, IN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Multi‑family home with both upper and lower units in Rising Sun, Indiana; Lower unit is currently rented, providing immediate rental income (lease details available upon request); Fireplace included
