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Two-Story Triplex with Parking
For Sale
$249,900

900 E Cherry Street, Petersburg, IN 47567

INVESTMENT, Two Story, Petersburg, IN

Property Size2,316 SF
Lot Size0.25 Acres
Price / SF$107.90
Days on Market157

Property Features for 900 E Cherry Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking 4
Parking features Off Street
Fireplace 1
Lot features City/ Town/ Suburb, Corner, Slope
Elementary school Petersburg
Middle school Pike Central
High school Pike Central
Elementary school district Pike County School Corp.
Middle school district Pike County School Corp.
High school district Pike County School Corp.
Directions SR 61, on the corner of 61 and Cherry Street.
Subdivision Pike County
Standard status Active
APN 63-02-22-740-600.800-012
Size 2,316 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 25
Tax Description 012 00596 00 ORIG 22
Tax Annual Amount 2850
Legal Description 012 00596 00 ORIG 22

Utilities

Cooling system Multi Units, Central Air

Amenities

appliances
updated kitchen cabinets
solid hardwood floors
off-street parking
storage area

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Flooring type Wood, Laminate
Roof type Asphalt
Architectural style Other
Listing Agency: KLEIN RLTY&AUCTION, INC.
Listed By: Tyler Simmons · License #RB14039924INDIANA
Added: Apr 23 Changed: Sep 13 Last Checked: Sep 26 at 2:06PM
MLS# 202614906

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.

Investment Insights

Based on property information with market context.

Located at 900 E Cherry Street in Petersburg, Indiana, this two-story triplex contains 2,316 square feet on a 0.25-acre lot. The configuration includes three residential units: two two-bedroom units and one one-bedroom unit. Each unit includes appliances and updated kitchen cabinetry. Central air, an asphalt roof, and a fireplace are among the property features, with construction dating to 1920.

Off-street parking serves the property, while an on-site storage area provides space for owner or management equipment. The building is fully occupied and has an established rental history. The property is identified in Pike County and carries a Petersburg postal address of 47567.

Key Highlights

  • Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit
  • 2,316 square feet on a 0.25‑acre lot
  • Fully occupied with an established rental history

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Dental Office HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

293
Businesses Nearby

Demographics for 47567, IN

5,804
Population
2,750
Households
2.1
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
115.5 sq mi
ZIP Area
50
Density / Sq Mi
$64,890
Median Household Income
$45,378
Median Earnings
$643
Median Rent
$130,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied three-unit property with appliances, updated kitchen cabinets, and off-street parking.
Where is this triplex located?
The property is located at 900 E Cherry Street Petersburg, 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: Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit; 2,316 square feet on a 0.25‑acre lot; Fully occupied with an established rental history
More about this property
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