1225 S 25th Street, Elwood, IN 46036

Building Details

Year built

1899

Floors in Building

2

Number of units

3

Roof type

Asphalt

Listing agent Cameron Smith License #RB25001093 Show Phone

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

Listing date Jun 22, 2026

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MLS# 22100629 Listing URL

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Overview

This three-unit triplex offers approximately 3,664 square feet of residential living space and is being sold as-is. According to the remarks, two of the three units are currently occupied, while the remaining unit is described as needing renovation or repositioning. The property is in need of repairs and updates, and buyers should plan for required capital improvements.

The home is located at 1225 S 25th Street in Elwood, Indiana (Madison County). The lot size is listed as approximately 0.13 acres. The current configuration and condition make the property best suited for an investor or owner-operator comfortable with a renovation-focused assignment.

For buyers seeking a straightforward addition to a rental portfolio, the current occupancy in two units may provide immediate income while the third unit is brought back online. Because the property is sold as-is and requires updates throughout, this is a practical fit for those planning to assess scope, budget repairs, and execute renovations to stabilize the full three-unit operation.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Elwood

County

Madison

State

Indiana

Longitude

-85.828866

Latitude

40.264973

FAQs

What type of property is this?

Triplex - Three-unit multifamily property sold as-is, with two units currently occupied and one unit needing renovation.

Where is this triplex located?

The property is located at 1225 S 25th Street Elwood, IN.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 3‑unit multifamily (triplex) in Elwood with approx. 3,664 sq ft of living space; 2 of the 3 units are currently occupied for immediate rental income potential; One unit is renovated or planned for repositioning, while the property is in need of repairs and updates