606 N Grant Street, Edinburgh, IN 46124
MULTI_FAMILY - Other - Edinburgh, IN
- Added:
- Apr 1, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 4 at 10:06 am
Property Features for 606 N Grant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Family
- Standard status
- Active
- APN
- 411234012008000002
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Ne S34 T11 R5
Building Details
- Year built
- 1997
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick, Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jillian Tran License #RB14044062 (812) 372-2200
Listing office RE/MAX Real Estate Prof 1st Street 301, Columbus, IN (812) 372-2200
Listing date Apr 1, 2026
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.
HighLights
- 1997‑built brick and vinyl siding duplex property with asphalt roof
- 1 lot with 2 duplex buildings and 4 total units
- Each building totals 2,016 SF; each unit is 1,008 SF
- All units are 2 bed, 1 bath with large primary and open‑concept kitchen/living
- One unit is furnished and includes linens, cookware, refrigerator, oven/range, microwave, and washer/dryer
Overview
Located at 606 N Grant Street in Edinburgh, Indiana (Johnson County), the asset is zoned for multi-family use. The listing is offered as a for-sale transaction on a 0.2-acre lot.
This setup can fit investors seeking a small residential income portfolio built around duplex-style, similarly sized units. With four 2-bedroom, 1-bath units under the same ownership, it provides an operator with multiple rentable spaces while keeping the unit mix consistent. The inclusion of in-unit laundry elements supports day-to-day livability across the units, including the furnished unit with specified appliances and supplies.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $13.80 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $52.7k | $13.08 |
| − OpEx | −$15.8k | −$3.92 |
| NOI | $36.9k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edinburgh
- County
- Johnson
- State
- Indiana
- Longitude
- -85.961818
- Latitude
- 39.360429
