Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 N Church St Fort Branch, IN 47648

    Sponsored
    Picture of Duplexes at N Church St 500, Fort Branch, IN
    For Sale
    $147,500

    Duplex - Fort Branch, IN

    Type:Duplex
    Property size:
    1,638 SF
    Lot size:
    0.29 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 7 at 1:06 am

    Property Features for 500 N Church St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Laundry
    Bedrooms
    2
    Bathrooms
    2
    APN
    26-19-18-301-000.484-026
    Parking features
    Garage, Garage - Attached
    EntryLevel
    Main
    Exterior features
    Cable Available, Detector-smoke, Water Heater Electric, Washer Hook-up, None, 2nd Detached Garage
    Appliances
    Range
    Size
    1,638 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units

    Building Details

    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Vinyl
    Building materials
    Stone
    Architectural style
    Other
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    Anita Waldroup

    F.C. Tucker Emge REALTORS (812) 402-0200

    Listing agent Anita Waldroup (812) 386-6200 License #RB14028427

    Listing date Jan 29, 2026

    MLS# 202602645 Listing URL

    Copyright © 2026 Southwest Indiana Association 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.

    Learn more

    Property Insight Report

    Overview

    Fort Branch Duplex Investment Opportunity

    This property presents an investment opportunity with a duplex and an additional concrete block building. The duplex, constructed of concrete with a stone exterior, provides a total of 1638 square feet divided into two units. Unit A features two bedrooms, while Unit B offers one bedroom with three rooms and one bath. Each unit is equipped with laundry facilities, split systems for heating and air conditioning, a refrigerator, and a stove, all owned by the landlord and included in the purchase. Unit A, located on the north side, is currently occupied by a long-term tenant who wishes to remain. Unit B is vacant. Unit A also includes a garage. Each unit is responsible for its own utilities. The owner is responsible for mowing, property taxes, and insurance. The current tenant in Unit A has a lease term of six months from the date of closing and pays $565 per month. The tenant using the additional concrete block building for storage has a lease term of three months from the date of closing and pays a total of $240 per month. The duplex is total electric, with no gas. The concrete block building, measuring 32x32 feet (1024 square feet total), has a concrete floor and a vinyl exterior. It is currently divided to allow for two tenants and does not have an electric panel but one can be added. The property is located in Fort Branch, IN, on a lot of 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Branch
    County
    Gibson
    State
    Indiana
    Longitude
    -87.576246
    Latitude
    38.251329

    Nearby Similar for Sale

    • $186,450
      1,100 SF

      Beautifully Maintained Condo in Prime Location

      Well-maintained 2 bed, 2 bath condo near amenities and Toyota.
      203 W Locust St, Fort Branch, IN 47648
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with additional tenant storage building.
    Where is this duplex located?
    The property is located at 500 N Church St Fort Branch, IN.
    What is the asking price?
    The asking price for this property is $147,500.
    What are key features of this property?
    This property features: - Income-generating duplex with existing tenant in Unit A providing immediate rental income ($565/month).; - Additional income potential from separate concrete block building currently rented for storage ($240/month).; - Durable concrete block construction with stone and vinyl exterior, offering low maintenance.
    (812) 386-6200
    Request Owner's contact information
    500 N Church St Fort Branch, IN 47648
    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.
    500 N Church St
    Fort Branch, IN 47648
    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
    500 N Church St Fort Branch, IN 47648
    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

    We can help!
    Listing Contact
    Anita Waldroup
    Real Estate License ID: RB14028427
    (812) 386-6200
    Learn more
    Google sign-in failed. Please try again or use another login method.