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    26 Main St Pekin, IN 47165

    Sponsored
    For Sale
    $199,800

    Quadplex with High Rental Income Potential

    Property size:
    2,752 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional multi-family investment property, located at 26 E Main Street in the heart of New Pekin, Indiana, presents a compelling opportunity for savvy investors. The 2,752 square foot building currently operates as a four-unit quadplex, comprising three two-bedroom, one-bathroom units and one studio unit with one bathroom. All units are currently leased, generating a substantial rental income stream. Detailed rental information is available upon request. The property sits on a 0.24-acre lot, offering ample green space behind the building. This area presents significant potential for expansion, such as the addition of extra parking, which could enhance the property's value and appeal to potential business tenants. The property's central location in New Pekin ensures convenient access to local amenities and services. This investment boasts a strong 10% capitalization rate, indicating a healthy return on investment. The building's versatile design allows for potential conversion to office space, further expanding its income-generating capabilities. Serious inquiries are encouraged to explore this lucrative investment opportunity. A 24-hour notice is required for all showings.

    Property Features for 26 Main St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,752 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Gym & Fitness Kitchen & Bath Bar & Pub Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.01543
    Latitude
    38.50506

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    FAQs

    What type of property is this?
    Residential income property - Quadplex with High Rental Income Potential
    Where is this residential income property located?
    The property is located at 26 Main St Pekin, IN.
    What is the asking price?
    The asking price for this property is $199,800.
    (502) 645-3293
    Request Owner's contact information
    26 Main St Pekin, IN 47165
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    Pekin, IN 47165
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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
    26 Main St Pekin, IN 47165
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