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Three-Unit Residential Triplex
New
For Sale
$125,000

103 E 2nd St, Peru, IN 46970

Historic income property near downtown with two leased residences and one vacant unit.

Property Size2,320 SF
Price / SF$53.88
Days on Market3

Property Features for 103 E 2nd St

General Information

Standard status Active
Size 2,320 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Building Details

Year Built 1880
Listing Agency: The Wyman Group
Listed By: Misty Davidson
Source: Spencerchildersgroup
Added: Aug 26 Changed: Aug 27 Last Checked: Aug 27 at 10:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wyman Group

Investment Insights

Based on property information with market context.

The property is a three-unit residential building totaling 2,320 square feet and dating to 1880. Unit A includes one bedroom and one bathroom and is leased through 05/31/2026. Unit B also has one bedroom and one bathroom, plus a walk-in closet, and is currently vacant. Unit C provides two bedrooms and one bathroom and is leased through 06/12/2026.

Located near downtown Peru, the property is being offered as-is. Ownership currently covers gas, Peru Utilities for water, electric, and trash, along with lawn service. Showings require 24-hour notice, and tenant rights apply.

Key Highlights

  • Three‑unit residential property with 2,320 SF
  • Unit mix includes two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
  • Unit A leased through 05/31/2026

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value

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 - Historic income property near downtown with two leased residences and one vacant unit.
Where is this triplex located?
The property is located at 103 E 2nd St Peru, IN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Three‑unit residential property with 2,320 SF; Unit mix includes two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Unit A leased through 05/31/2026
More about this property
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