Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    407 & 409 S Morris Street Edinburgh, IN 46124

    View on Map
    New
    For Sale
    $265,000

    Traditional, Duplex - Edinburgh, IN

    Type:Duplex
    Property size:
    2,240 SF
    Lot size:
    0.21 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 3 at 7:06 am

    Property Features for 407 & 409 S Morris Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    2 Family Dwell
    Standard status
    Active
    APN
    030503220007000010
    Size
    2,240 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Jillian Tran
    Jillian Tran

    Listing agent Jillian Tran License #RB14044062

    Listing office RE/MAX Real Estate Prof 1st Street, Columbus, IN

    Listing date Apr 1, 2026

    MLS# 22092762 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Edinburgh Duplex For Sale

    This duplex in Edinburgh, Indiana, presents an opportunity for investors. The property includes two units, each featuring two bedrooms and 1.5 bathrooms. Each unit also has a one-car garage. The primary bedrooms are spacious and include ample closet space. Each kitchen includes an attached dining area. The living rooms are described as large. The refrigerator and oven/range in each unit are included in the sale. The property is located on a lot of 0.21 acres. The zoning is for two-family dwellings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburgh
    County
    Johnson
    State
    Indiana
    Longitude
    -85.970305
    Latitude
    39.344282

    Nearby Similar for Sale

    • $320,000

      Edinburgh Duplex: Investor Opportunity

      Duplex in Edinburgh, IN. Fully furnished unit available.
      600 N Grant Street, Edinburgh, IN 46124
      View Details
    • $499,900

      Four-Unit Multifamily Investment Opportunity

      Two duplexes, four units total, Edinburgh, Indiana. Great investment property.
      606 N Grant Street, Edinburgh, IN 46124
      View Details
    • $750,000
      10,583 SF

      Historic Pixy Theater For Sale

      Historic 10,583 SF Pixy Theater in downtown Edinburgh.
      111 S Walnut St, Edinburgh, IN, 46124-1423
      View Details
    • $235,000

      Edinburgh Duplex For Sale

      Duplex with new roof and HVAC, ideal for investors.
      7540 E State Road 252, Edinburgh, IN 46124
      View Details
    • $750,000
      10,583 SF

      Historic Pixy Theater For Sale

      Historic 10,583 SF Pixy Theater in downtown Edinburgh.
      111 S Walnut St, Edinburgh, IN 46124
      View Details
    • $275,000
      8,153 SF

      Restored Mixed-Use Building For Sale

      Edinburgh mixed-use building with retail and residential potential.
      111 E Main Cross St, Edinburgh, IN 46124
      View Details
    • $149,900

      Historic Downtown Commercial Building For Sale

      Prime commercial building in historic downtown Edinburgh with living space.
      126 E Main Cross Street, Edinburgh, IN 46124
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with garages, ideal for investors.
    Where is this duplex located?
    The property is located at 407 & 409 S Morris Street Edinburgh, IN.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Duplex: Ideal for investors seeking rental income; Two Units: Each unit features 2 bedrooms and 1.5 bathrooms; Garage: Each unit includes a 1‑car garage
    (812) 372-2200
    We can help!
    Listing Contact
    Jillian Tran
    Jillian Tran
    Real Estate License ID: RB14044062
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!