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3-Unit Triplex with Separate Entrances
New
For Sale
$245,000

115 E Church St, Fortville, IN 46040

Two upper-level studios and a lower-level residence each have dedicated utility service.

Property Size8,625 SF
Price / SF$28.41
Days on Market3

Property Features for 115 E Church St

General Information

Standard status Active
Size 8,625 SF
Property subtype Multi-Family

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: Highgarden Real Estate
Listed By: Tony Reffeitt
Source: Realintegrity
Added: Oct 11 Last Checked: Oct 12 at 7:55PM

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 Highgarden Real Estate

Investment Insights

Based on property information with market context.

This 3-unit residential property at 115 E Church St in Fortville includes two studio apartments on the upper level and a separate residence below. Each unit has its own entrance and porch or deck, along with separate utilities. All three units are vacant. The building dates to 1900, with a roof replacement in 2020, a water heater installed in 2021, and a furnace installed in 2024.

Downtown Fortville shops and dining are minutes away, with access to I-69 also noted.

Key Highlights

  • Three units: two upstairs studios and one downstairs residence
  • Each unit has a private entrance and porch or deck
  • Separate utilities for all three units; all are vacant

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Storage Facility

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
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

Demographics for 46040, IN

16,669
Population
5,923
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
94%
High-School Grad
31.5 sq mi
ZIP Area
529
Density / Sq Mi
$144,834
Median Household Income
$64,676
Median Earnings
$1,344
Median Rent
$433,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two upper-level studios and a lower-level residence each have dedicated utility service.
Where is this triplex located?
The property is located at 115 E Church St Fortville, 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 units: two upstairs studios and one downstairs residence; Each unit has a private entrance and porch or deck; Separate utilities for all three units; all are vacant
More about this property
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