Triplex Investment
For Sale
$110,000
118 S Walnut Street, Ridgeville, IN 47380
COMMERCIAL - Ridgeville, IN
Property SizeContact for details
Lot Size0.13 Acres
Days on Market62
Property Features for 118 S Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Lot features
City
Directions
East on IN-32. Left on IN-1. Right on IN-28. Right on S Walnut Street.
Subdivision
Randolph County
Standard status
Active
APN
68-05-12-279-072.000-002
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NEWTOWN LOT 9 BLK 3
Tax Annual Amount
393
Legal Description
NEWTOWN LOT 9 BLK 3
Utilities
Cooling system
Multi Units
Building Details
Year built
1909
Flooring type
Laminate, Concrete, Vinyl
Roof type
Metal
Listing Agency:
Tarter Realty Auction and Appraisal Company
(765) 595-8155
Listed By:
Jill Friend · License #RB23001467
(765) 546-8236
Added: Jun 12
Changed: Aug 5
Last Checked: Aug 12 at 12:06AM
MLS# 202623035
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 118 S Walnut Street in downtown Ridgeville includes two renovated 2BR/1BA apartments. Each unit has laundry hookups and new electric furnaces, and the apartments are currently rented (leases available).
The main level also includes a former retail space with a working restroom, along with a 3BR/1.5BA apartment that is in need of renovation. Upstairs offers 2,000+ SF of storage for additional operating flexibility.
The building was constructed in 1909 and features a metal roof. Flooring includes concrete, vinyl, and laminate, and parking is available off street. The property sits on a 0.13-acre lot.
The main level also includes a former retail space with a working restroom, along with a 3BR/1.5BA apartment that is in need of renovation. Upstairs offers 2,000+ SF of storage for additional operating flexibility.
The building was constructed in 1909 and features a metal roof. Flooring includes concrete, vinyl, and laminate, and parking is available off street. The property sits on a 0.13-acre lot.
Key Highlights
- Two renovated 2BR/1BA apartments with laundry hookups and new electric furnaces
- Main level former retail space with working restroom plus 3BR/1.5BA apartment needing renovation
- Upstairs provides 2,000+ SF of storage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 47380, IN
1,917
Population
703
Households
2.7
Avg Household Size
41
Median Age
8%
College-Educated
85%
High-School Grad
61.8 sq mi
ZIP Area
31
Density / Sq Mi
$55,278
Median Household Income
$40,046
Median Earnings
$664
Median Rent
$84,900
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?
Triplex - Triplex with two renovated 2BR/1BA apartments, each with laundry hookups and new electric furnaces, plus additional income potential.
Where is this triplex located?
The property is located at 118 S Walnut Street Ridgeville, IN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Two renovated 2BR/1BA apartments with laundry hookups and new electric furnaces; Main level former retail space with working restroom plus 3BR/1.5BA apartment needing renovation; Upstairs provides 2,000+ SF of storage
