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Updated Triplex Property
For Sale
$240,000

136 1/2 West 7th Street, Peru, IN 46970

A duplex and single-family residence occupy one parcel with separately metered gas and electric service.

Property Size2,838 SF
Price / SF$84.57
Days on Market389

Property Features for 136 1/2 West 7th Street

General Information

Standard status Active
Size 2,838 SF
Property subtype Multi Family / Triplex

Taxes and HOA fees

Annual Taxes $1,868

Amenities

Central Air
2
Yes
Carpet, Vinyl
3
Gas, Forced Air
Block
Partial Basement, Unfinished
7
No
Vinyl
Ceiling Fan, Countertops-Laminate, Patio Open

Building Details

Year Built 1890
Units 3
Listing Agency: Mygrant Realty & Appraisals
Listed By: Michael Mygrant · License #RB14045781
Source: Compass
Added: Aug 7, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:41AM

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 Mygrant Realty & Appraisals

Investment Insights

Based on property information with market context.

This three-unit property combines a duplex and a single-family home on one parcel, totaling 2,838 square feet. The upper and lower duplex units are leased month to month, while the house and lower duplex unit were frequently used as an AirBNB in 2024. The property includes 3 gas meters and 3 electric meters, along with central air, vinyl siding, an open patio, and a partial unfinished basement.

Recent improvements include furnaces, siding, the house roof, and water heaters. Built in 1890, the property is being sold as-is as part of an estate. Its location is 136 1/2 West 7th Street in Peru, Indiana.

Key Highlights

  • Three‑unit configuration with a duplex and single‑family home on one parcel
  • 2,838 square feet with 3 gas meters and 3 electric meters
  • Upper and lower duplex units are month to month

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Daycare Center Garden Center Law Firm Real Estate Agency Kitchen & Bath Showroom Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - A duplex and single-family residence occupy one parcel with separately metered gas and electric service.
Where is this triplex located?
The property is located at 136 1/2 West 7th Street Peru, IN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑unit configuration with a duplex and single‑family home on one parcel; 2,838 square feet with 3 gas meters and 3 electric meters; Upper and lower duplex units are month to month
More about this property
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