Renovated Ranch
New
For Sale
Contact for pricing
123 Bucheit Street, Sellersburg, IN 47172
Two leased ranch-style units combine updated interiors with newer construction on a single residential income property.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market5
Property Features for 123 Bucheit Street
General Information
Standard status
Active
Net Rentable
1,807 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Asking Price
$325,000
Cap Rate
6.7%
Gross Income
$31,020
Gross Rent Multiplier
10.5
Additional Details
Multifamily Units
2
Building Details
Year Renovated
2026
Construction
ranch
Listing Agency:
simpler.realestate
Listed By:
Dave Gambol · License #270336
(502) 445-0179
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 19 at 8:56AM
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 simpler.realestate
Investment Insights
Based on property information with market context.
This duplex comprises two ranch-style residences totaling 1,807 SF of leasable area. Unit 1 is an 850 SF original 1950 ranch that underwent a full renovation, while Unit 2 provides 957 SF in a newly constructed 2025/2026 addition. Both units are currently leased, offering a combined gross scheduled rent of $2,585 per month as of the July 2026 rent roll.
The property occupies a 0.16-acre, 7,000 SF platted lot in the Highland Park subdivision of Sellersburg, Indiana. Both residences are held under one legal 2-unit property and one Clark County tax parcel, with no separate parcel or tax bill assigned to either unit.
The property occupies a 0.16-acre, 7,000 SF platted lot in the Highland Park subdivision of Sellersburg, Indiana. Both residences are held under one legal 2-unit property and one Clark County tax parcel, with no separate parcel or tax bill assigned to either unit.
Key Highlights
- 1,807 SF of combined leasable area across two units
- Unit 1: 850 SF, fully renovated original 1950 ranch
- Unit 2: 957 SF ranch addition completed in 2025/2026
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
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Business Placement
Demographics for 47172, IN
19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased ranch-style units combine updated interiors with newer construction on a single residential income property.
Where is this duplex located?
The property is located at 123 Bucheit Street Sellersburg, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,807 SF of combined leasable area across two units; Unit 1: 850 SF, fully renovated original 1950 ranch; Unit 2: 957 SF ranch addition completed in 2025/2026
