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Triplex Apartment Building
For Sale
$325,000

640 Mechanic Street, Jeffersonville, IN 47130

Three apartments offer distinct layouts with kitchens, baths, laundry areas, and shared outdoor space.

Property Size3,214 SF
Price / SF$101.12
Days on Market1183

Property Features for 640 Mechanic Street

General Information

Standard status Active
Size 3,214 SF
Property subtype Triplex

Property Condition

Severity Repairs Needed
Evidence just a little work

Units

Unit Mix 1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,995

Amenities

covered front porch
patio
Central Air
3
Washer, Dryer, Range, Refrigerator, Oven
Shingle
Brick Wall
Porch, Patio, Covered
Brick, Frame
0.12399999797344208
Paved Road.

Building Details

Year Built 1926
Buildings 1
Listing Agency: May Team REALTORS
Listed By: John May
Source: Xome
Added: Jun 6, 2023 Changed: Aug 30 Last Checked: Aug 30 at 1:39PM

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 May Team REALTORS

Investment Insights

Based on property information with market context.

This three-unit apartment property at 640 Mechanic Street includes 3,214 square feet across a 1926 building and its addition. The upper-level residence measures 1,214 square feet and includes two bedrooms, an eat-in kitchen, a full bathroom, a large living room, and a decorative fireplace. A 846-square-foot unit occupies most of the main-level addition, with one bedroom, an eat-in kitchen, laundry area, full bath, and laminate flooring. The lower unit contains 1,154 square feet, two bedrooms, a kitchen with breakfast bar, laundry area, full bath, and a naturally lit living room.

A covered front porch serves the entrances to two apartments, while an expansive rear patio provides shared outdoor space. Property features include central air, brick and frame construction, and paved-road access. The building is being sold as-is, with the upper unit requiring refinishing of hardwood floors and installation of appliances.

Key Highlights

  • Three‑unit apartment property totaling 3,214 square feet
  • Unit sizes include 1,214 square feet, 846 square feet, and 1,154 square feet
  • 1926 construction with brick and frame exterior

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Locksmith

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,206
Businesses Nearby

Demographics for 47130, IN

48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
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?
Triplex - Three apartments offer distinct layouts with kitchens, baths, laundry areas, and shared outdoor space.
Where is this triplex located?
The property is located at 640 Mechanic Street Jeffersonville, 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: Three‑unit apartment property totaling 3,214 square feet; Unit sizes include 1,214 square feet, 846 square feet, and 1,154 square feet; 1926 construction with brick and frame exterior
More about this property
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