117 E John Street, Alexandria, IN 46001

Building Details

Number of units

4

Listing agent Peyton Nichols License #RB23001404 Show Phone

Listing office RE/MAX Real Estate Solutions i***@gmail.com E. 53rd St 1312, IN Show Phone

Listing date Feb 6, 2026

Report an issue

MLS# 22083038 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This solid four-unit residential property is configured with two 2-bedroom units and two 1-bedroom units. According to the seller, one of the 2-bedroom units is currently rented at $750 per month. The other three units are vacant and ready for turnover, rental advertising, and leasing.

The property is located at 117 E John Street in Alexandria, Indiana 46001, in Madison County. The overall lot size is listed as 0.17 acres.

For buyers and owner-operators, this setup can offer a straightforward path to stabilize occupancy, with three units available for immediate marketing and rental in addition to the existing in-place rent. The mix of unit sizes may appeal to tenants seeking either a 1-bedroom or 2-bedroom layout, while also giving an owner flexibility in how the property is leased and managed over time. The property is offered for sale.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Alexandria

County

Madison

State

Indiana

Longitude

-85.673678

Latitude

40.26427

Nearby Similar for Sale

• 

  $145,000

  Four-Bay Self-Service Car Wash

  For sale four-bay self-service car wash with recent updates, positioned for continued operation under B2-Comm zoning.

  222 E Water Street, Alexandria, IN 46001

  View Details
• 

  $175,000

  Turnkey Industrial Building For Sale

  Turnkey industrial building ready for production in Alexandria, Indiana.

  109 S Clinton Street, Alexandria, IN 46001-6001

  View Details
• 

  $13,000

  Mixed-Use Property in Alexandria, IN

  Commercial property available, an investor special ready to customize.

  212 N Canal Street, Alexandria, IN 46001

  View Details
• 

  $270,000

  8,800 SF

  Industrial Flex Space For Sale

  8,800 SF industrial flex space with outdoor storage.

  8237 N State Road 9, Alexandria, IN

  View Details
• 

  $551,375

  4,411 SF

  Retail Building For Sale

  4,411 SF retail building available for purchase.

  202 N Harrison St, Alexandria, IN 46001

  View Details
• 

  $35,000

  Multi-Family Building

  For sale multi-family property on N Walnut Street in Alexandria, Indiana, suited for investors seeking a small residential holding.

  305 N Walnut Street, Alexandria, IN 46001

  View Details

FAQs

What type of property is this?

Quadplex - Four-unit residential income property with two two-bedroom and two one-bedroom units; one 2-bedroom currently rented.

Where is this quadplex located?

The property is located at 117 E John Street Alexandria, IN.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Value‑add opportunity with significant upside potential.; Mix of unit types: Two 2‑bedroom and two 1‑bedroom units.; Immediate income from one rented 2‑bedroom unit at $750/month.