Seven-Unit Apartment
For Sale
$599,900
116 1/2 East Church Street, Alexandria, IN 46001
Connected buildings offer apartment and office-use flexibility with on-site parking and proximity to downtown civic destinations.
Property Size7,310 SF
Price / SF$82.07
Days on Market416
Property Features for 116 1/2 East Church Street
General Information
Standard status
Active
Size
7,310 SF
Property subtype
Commercial Sale / Multi-Family 5+
Zoning
apartments,commericial
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
7
Amenities
back balconies
storage area
parking lot
Two
Electric, Natural Gas
No
Connections Some
Balcony
Building Details
Buildings
2
Listing Agency:
Carpenter, REALTORS
(765) 620-0734
Listed By:
Reanna Southard · License #RB14041578
(765) 620-0734
Source:
Compass
Added: Jul 11, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:12PM
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 Carpenter, REALTORS
Investment Insights
Based on property information with market context.
This apartment property consists of two connected buildings containing 7 units, with all 7 currently leased. The improvements include 5 gas furnaces, 2 electric furnaces, and 7 individual electric meters. Recent capital work includes exterior painting and installation of a new TPO roof in 2022. Select appliances, newer flooring, and updated drywall are included, while most appliances remain with the property. Two rear balconies serve the upstairs units, and a one-car storage area provides space for supplies or tools.
The property is located in Downtown Alexandria across from the city park and library. An on-site parking lot is included, with an additional city parking lot next door. Apartment and commercial zoning is identified in the property information. City water, sewer, and trash service are currently paid by the owner. The property is offered as-is.
The property is located in Downtown Alexandria across from the city park and library. An on-site parking lot is included, with an additional city parking lot next door. Apartment and commercial zoning is identified in the property information. City water, sewer, and trash service are currently paid by the owner. The property is offered as-is.
Key Highlights
- Two connected buildings with 7 total units
- 7 units currently leased
- New TPO roof installed in 2022
Property Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 46001, IN
10,676
Population
5,065
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
77.2 sq mi
ZIP Area
138
Density / Sq Mi
$66,379
Median Household Income
$42,283
Median Earnings
$875
Median Rent
$136,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Connected buildings offer apartment and office-use flexibility with on-site parking and proximity to downtown civic destinations.
Where is this apartment building located?
The property is located at 116 1/2 East Church Street Alexandria, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two connected buildings with 7 total units; 7 units currently leased; New TPO roof installed in 2022
