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Two-Unit Duplex with Two Parcels
For Sale
$169,900

1420 Pearl Street, Columbus, IN 47201

Residential Income, Columbus, IN

Property SizeContact for details
Lot Size0.22 Acres
Days on Market8

Property Features for 1420 Pearl Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning 2 Family Dwelling
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features Guest, Alley
Exterior features Storage Shed
Subdivision Original Town Of Columbus
Elementary school Lillian Schmitt Elementary School
Middle school Northside Middle School
High school Columbus North High School
Elementary school district Bartholomew Con School Corp
Middle school district Bartholomew Con School Corp
High school district Bartholomew Con School Corp
Directions GPS Friendly
Special listing conditions Probate Listing
Standard status Active
APN 039524120006000005
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 14 - Charles Whipker's Addition (B/90)
Tax Annual Amount 2148
Legal Description Lot 14 - Charles Whipker's Addition (B/90)

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

laundry in cellar
finished back porch
storage area

Building Details

Year built 1881
Floors in Building 1
Number of units 2
Building materials Vinyl Siding
Roof type Rubber, Shingle
Architectural style Other
Additional Structures Storage
Listing Agency: RE/MAX Real Estate Prof · RE/MAX International
Listed By: DANA CARSON · License #RB14026081
Added: Sep 30 Changed: Oct 6 Last Checked: Oct 7 at 10:06AM
MLS# 22127908

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex contains two separate apartments. The front unit has one bedroom, a kitchen, living room, and bathroom, with an estimated 570 square feet. The rear unit includes a bedroom, living room, large bathroom, fully equipped kitchen, finished porch, and storage; its estimated area is 812 square feet, with another 100 square feet excluded from that figure. Laundry is located in the cellar. The exterior is vinyl siding, with forced-air natural gas heat and central air conditioning.

The property comprises two parcels totaling 0.22 acres. The lot is described as having room for an addition or a detached garage. Zoning is 2 Family Dwelling. The current tenant is month to month.

Key Highlights

  • Two apartments; front unit has one bedroom, while the rear unit is described as one bedroom, possibly two
  • Estimated areas: 570 square feet for the front apartment and 812 square feet for the rear, plus 100 square feet excluded from its estimate
  • Two parcels totaling 0.22 acres

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pharmacy Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

594
Businesses Nearby

Demographics for 47201, IN

45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - The existing tenant is on a month-to-month arrangement, and the property is zoned 2 Family Dwelling.
Where is this duplex located?
The property is located at 1420 Pearl Street Columbus, IN.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two apartments; front unit has one bedroom, while the rear unit is described as one bedroom, possibly two; Estimated areas: 570 square feet for the front apartment and 812 square feet for the rear, plus 100 square feet excluded from its estimate; Two parcels totaling 0.22 acres
More about this property
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