For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Traditional Triplex Investment Property Title is generated by Realmo AI

    332 S Main Street, Montpelier, IN 47359

    View on Map
    Claim this Listing
    For Sale
    $145,000

    Traditional, Triplex - Montpelier, IN

    Type:Triplex
    Property size:
    2,691 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $53/SF
    Added:
    Dec 9, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 332 S Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    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
    Standard status
    Active
    APN
    050209101010000002
    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

    We can help!

    Contact an agent
    Tina Coons

    Listing agent Tina Coons License #RB14020128

    Listing office RE/MAX Real Estate Groups 2200 W McGalliard, Muncie, IN

    Listing date Dec 9, 2025

    MLS# 202548527 Listing URL

    Copyright © 2026 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.

    HighLights

    • Triplex with monthly income of $1,875 (Unit A $700, Unit B $455, Unit C $720)
    • Owner pays water; possession subject to tenants’ rights
    • 4‑bedroom unit mix shown with bedrooms 1 through 4 plus 3 bathrooms and a laundry room
    • Basement included with multiple bathrooms (Bathroom 1, Bathroom 2, Bathroom 3)
    • Covered porch entry plus off‑street parking
    • Forced‑air heating (natural gas) and electric water heater; appliances include a range

    Overview

    This traditional triplex offers three separate units configured for residential income use. The current monthly income totals $1,875, with Unit A at $700, Unit B at $455, and Unit C at $720. The owner pays water, and the listing indicates possession will follow tenants’ rights. The property is described as being in very nice condition, with excellent renters in place.

    Located at 332 S Main Street in Montpelier, Indiana, the building sits on a 0.17-acre lot. At a total property size of 2,691 square feet, the asset is sized for a manageable multi-unit ownership structure. The transaction is offered for sale in Blackford County.

    For investors or owner-occupants seeking a small residential income property, this triplex provides an immediate occupied setup with three distinct rental units and clear tenant-handling terms tied to tenants’ rights. Owner-paid water is a specific operational item to factor into budgeting, and the condition of the property may support an easier near-term transition. This is a straightforward option for buyers looking to acquire a functional, occupied triplex rather than wait for future leasing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Kitchen & Bath Showroom Bar & Pub

    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 - Three-unit triplex offered with tenants in place and owner-paid water for simplified operating basics.
    Where is this triplex located?
    The property is located at 332 S Main Street Montpelier, IN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Triplex with monthly income of $1,875 (Unit A $700, Unit B $455, Unit C $720); Owner pays water; possession subject to tenants’ rights; 4‑bedroom unit mix shown with bedrooms 1 through 4 plus 3 bathrooms and a laundry room
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message