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Triplex with Separate Garage
For Sale
$245,000

109 S Walnut St, Rising Sun, IN 47040

Three apartment units are complemented by a separately rented garage and leases that transfer with ownership.

Property Size3,770 SF
Price / SF$64.99
Days on Market11

Property Features for 109 S Walnut St

General Information

Standard status Active
Size 3,770 SF
Property subtype Residential Income

Additional Details

Multifamily Units 3
Listing Agency: Coldwell Banker Realty
Listed By: Jay Knowles
Source: Exprealty
Added: Sep 17 Changed: Sep 26 Last Checked: Sep 26 at 2:38PM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

The property includes three apartments and a separate 30-by-40-foot garage with a tenant. The building measures 3,770 square feet and has a metal roof installed 10 years ago. Leases transfer with ownership.

Located in Rising Sun, the property is within walking distance of the Ohio River and local activities. The community is served by golf carts.

Key Highlights

  • Three apartment units
  • Separate rented garage measuring 30X40
  • 3,770 square feet

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Storage Facility Law Firm Computer & Electronic Repair Veterinary Clinic

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

240
Businesses Nearby

Demographics for 47040, IN

5,288
Population
2,401
Households
2.2
Avg Household Size
46
Median Age
17%
College-Educated
93%
High-School Grad
64.9 sq mi
ZIP Area
81
Density / Sq Mi
$68,865
Median Household Income
$40,080
Median Earnings
$803
Median Rent
$180,500
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 - Three apartment units are complemented by a separately rented garage and leases that transfer with ownership.
Where is this triplex located?
The property is located at 109 S Walnut St Rising Sun, IN.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Three apartment units; Separate rented garage measuring 30X40; 3,770 square feet
More about this property
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