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Two Duplex Residential Income Property
For Sale
$234,555
Pending

501 S Race St, Princeton, IN 47670

For sale: two custom duplexes, each with two bedrooms, one bath, and in-unit laundry.

Property Size1,800 SF
Days on Market115

Property Features for 501 S Race St

General Information

Standard status Pending
Size 1,800 SF
Total Parking Spaces 4
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 2024
Tenancy Multi
Listing Agency: F.C. TUCKER EMGE
Listed By: Anita Waldroup · License #RB14028427
Source: Daubyrealestate
Added: May 8 Changed: Aug 25 Last Checked: Aug 29 at 11:56AM

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 F.C. TUCKER EMGE

Investment Insights

Based on property information with market context.

This for-sale residential income package includes two duplexes, each custom built with an open concept layout for the living room, dining area, and kitchen. Both units provide two bedrooms and one bathroom, along with a dedicated laundry room. Interior features include a coat closet upon entry and multiple additional closets throughout, and the laundry room includes a washer and dryer and an exit door.

The duplex units are located at 501 S Race St in Princeton, IN. The public remarks indicate each unit has tenant arrangements for yard care, with rent discounted for a tenant who takes care of the yard, and parking pads available for each tenant in front of the building.

The property is described as having most tenants on month-to-month lease terms. Restrictions noted in the remarks include no smoking and no pets.

Key Highlights

  • Two custom duplexes built in 2024 in Princeton (Race St & Prince St)
  • Each unit offers 2 bedrooms, 1 bathroom, and an open floor plan living/dining/kitchen area
  • Each unit includes a laundry room with washer & dryer and an exit door

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Kitchen & Bath Showroom Parking Lot & Garage Nail Salon Bakery Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

423
Businesses Nearby

Demographics for 47670, IN

11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - For sale: two custom duplexes, each with two bedrooms, one bath, and in-unit laundry.
Where is this duplex located?
The property is located at 501 S Race St Princeton, IN.
What is the asking price?
The asking price for this property is $234,555.
What are key features of this property?
This property features: Two custom duplexes built in 2024 in Princeton (Race St & Prince St); Each unit offers 2 bedrooms, 1 bathroom, and an open floor plan living/dining/kitchen area; Each unit includes a laundry room with washer & dryer and an exit door
More about this property
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