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    332 S Main St Montpelier, IN 47359

    New
    For Sale
    $169,000

    Traditional, Triplex - Montpelier, IN

    Type:Triplex
    Property size:
    2,691 SF
    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 10 at 11:06 pm

    Property Features for 332 S Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    Bedrooms
    4
    Bathrooms
    3
    APN
    050209101010000002
    Parking features
    Off Street
    Patio and Porch features
    Porch
    EntryLevel
    Upper,Main
    Exterior features
    Basement, Eat-in Kitchen, Foyer Entry, Porch Covered, Water Heater Electric, Washer Hook-up, None
    Basement Y/N
    1
    Appliances
    Range
    Size
    2,691 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl
    Roof type
    Shingle
    Architectural style
    New Traditional

    RE/MAX Real Estate Groups (765) 288-0400 [email protected]

    Listing agent Tina Coons (765) 288-0400 License #RB14020128

    Listing date Dec 10, 2025

    MLS# 202548527 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montpelier Triplex with Rental Income

    This triplex is located in Montpelier, Indiana. The property has a total size of 2691 square feet and is situated on a lot of 0.17 acres. The property is currently generating a monthly income of $1833, with Unit A renting for $700, Unit B for $455, and Unit C for $678. The owner is responsible for covering the water bill. The property is in very nice condition and has excellent renters currently in place. Possession is subject to tenants' rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Montpelier
    County
    Blackford
    State
    Indiana
    Longitude
    -85.278729
    Latitude
    40.552426

    FAQs

    What type of property is this?
    Triplex - Triplex in very nice condition with excellent renters.
    Where is this triplex located?
    The property is located at 332 S Main St Montpelier, IN.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: - Monthly income of $1833 from three units; - Excellent renters already in place; - Property is in very nice condition
    (765) 288-0400
    Request Owner's contact information
    332 S Main St Montpelier, IN 47359
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    Montpelier, IN 47359
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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
    332 S Main St Montpelier, IN 47359
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