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    900 E Cherry St Petersburg, IN 47567

    For Sale
    $275,000

    Apartment Building - Petersburg, IN

    Property size:
    2,316 SF
    Lot size:
    0.25 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 900 E Cherry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    63-02-27-406-008.000-012
    EntryLevel
    Main,Upper
    Exterior features
    Off Street Parking, 2nd Detached Garage
    Appliances
    Dryer, Microwave, Range
    Size
    2,316 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Multi Units

    Building Details

    Floors in Building
    2
    Number of units
    3
    Flooring type
    Other
    Architectural style
    Other
    Additional Structures
    Garage(s)

    Century 21 Classic Realty (812) 254-5204 [email protected]

    Listing agent Shelley Brinson (812) 254-5204 License #RB14036420

    Listing date Oct 3, 2025

    MLS# 202540133 Listing URL

    Copyright © 2025 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.

    Overview

    Petersburg Triplex Investment Opportunity

    This historic-style home has been converted into 3 spacious apartment units, offering rental income potential. Each unit provides comfortable living space with classic charm and convenience. The property includes a detached garage, suitable for tenants’ use or additional income opportunities. Situated on a corner lot, the property features a covered front porch and outdoor space in the large yard. It provides easy access to downtown, schools, and local amenities. The property, located in Petersburg, IN, is situated on a 0.25-acre lot. The building has a total area of 2316 square feet. This multi-unit income property is located in Pike County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Pike
    State
    Indiana
    Longitude
    -87.279993
    Latitude
    38.493524

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    FAQs

    What type of property is this?
    Triplex - Three-unit apartment building with detached garage and income potential.
    Where is this triplex located?
    The property is located at 900 E Cherry St Petersburg, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Historic-style home with classic charm converted into 3 spacious apartment units, providing steady rental income.; - Detached garage offers tenant use or additional income potential.; - Convenient access to downtown, schools, and local amenities.
    (812) 254-5204
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    900 E Cherry St Petersburg, IN 47567
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    Petersburg, IN 47567
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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
    900 E Cherry St Petersburg, IN 47567
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