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    580 Indiana Ave Aurora, IN 47001

    For Sale
    $249,900

    Multi Fam 2-4 units, Stick Built - Aurora, IN

    Property size:
    2,607 SF
    Lot size:
    0.20 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 580 Indiana Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi Family
    APN
    151206201014000003
    Parking features
    None
    Patio and Porch features
    Deck
    Exterior features
    Extreme Landscaping, Deck
    Size
    2,607 SF
    Lot size
    0.20 Acres

    Utilities

    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1940
    Building materials
    Vinyl Siding
    Architectural style
    Stick

    Lohmiller Real Estate (812) 584-6880 [email protected]

    Listing agent Kristy Theobald (812) 537-1023 License #RB21001488

    Listing date Oct 16, 2025

    MLS# 206168 Listing URL

    Copyright © 2025 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.

    Overview

    Aurora Triplex: Investor Opportunity

    This fully occupied triplex, located at 580 Indiana Ave in Aurora, Indiana, presents an investor opportunity. The property features a 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units. All leases are secured through 2026, providing stable rental income. Tenants are responsible for utilities, while the landlord covers water and trash expenses, which average approximately $100 per month. The property has a strong rental history with long-term tenants. Modern updates have been implemented throughout. Capital improvements include a new roof, gutters, new windows, a high-efficiency gas furnace, central air conditioning, and new water heaters. Additional details on these improvements are available in attached documents. The building is stick-built and situated on a lot of 0.2 acres. The property's size is 2607 square feet. This well-maintained triplex is zoned for multi-family use and offers an excellent addition to any investor's portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.922378
    Latitude
    39.047836

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex in Aurora, Indiana with secured leases.
    Where is this triplex located?
    The property is located at 580 Indiana Ave Aurora, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Fully occupied triplex with leases secured through 2026, providing stable rental income.; - Recent capital improvements including a **new roof, gutters, windows, high-efficiency gas furnace, central air, and water heaters.**; - Tenants pay utilities, reducing landlord expenses.
    (812) 537-1023
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    580 Indiana Ave Aurora, IN 47001
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    Aurora, IN 47001
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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
    580 Indiana Ave Aurora, IN 47001
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