Zoned B1 Residential Income
1525 Lynch Lane Clarksville, IN 47129
1525 Lynch Lane, Clarksville, IN, 47129
$230,000
For Sale
$230,000
1.77-acre parcel with B1 zoning, about 165 feet of road frontage, and a 1,584 sq. ft. rental home needing TLC.
Property Size1,584 SF
Lot Size1.77 Acres
Price / SF$145.20
Days on Market2143
Property Features for 1525 Lynch Lane
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Lot size
- 1.77 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1950
Listing agency
Semonin REALTORS
(812) 944-9800
Listed by
Amy Hein · License #RB14038866
(812) 944-9800
Source
Xome
Added: Sep 9, 2020 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
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 Semonin REALTORS
Investment Insights
Based on property information with market context.
This 1.77-acre property is zoned B1 and offers approximately 165 feet of road frontage. The site includes a 1,584 sq. ft. home on lot 4 that has been used as a rental. An addition on the right side of the house was used as a separate rental space with 1 bedroom and 1 bathroom. Both the main home and the addition are described as needing TLC.
Recent updates include a roof installed in 2021 and a furnace that was added within the last 5 years. The property also includes a pole barn on lot 4.
The property is also listed as commercial, and planning and zoning information is available via the attached materials referenced in the remarks.
Recent updates include a roof installed in 2021 and a furnace that was added within the last 5 years. The property also includes a pole barn on lot 4.
The property is also listed as commercial, and planning and zoning information is available via the attached materials referenced in the remarks.
Key Highlights
- 1.77‑acre parcel zoned B1 with approximately 165 feet of road frontage on a paved road
- Includes a 1,584 sq. ft. assessor home on lot 4 that has been used as a rental
- Right‑side addition on the home was used as a separate rental space (1 bd/1 ba)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $17.04 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $25.6k | $16.15 |
| − OpEx | −$7.7k | −$4.85 |
| NOI | $17.9k | $11.31 |
1,584 SF · lease $17.04/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.9K – $298.5K
NOI $17,908 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$238.5K
$208.7K – $278.3K
NOI $16,696 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$460.5K
$403.0K – $537.3K
NOI $32,238 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1.77-acre parcel with B1 zoning, about 165 feet of road frontage, and a 1,584 sq. ft. rental home needing TLC.
Where is this duplex located?
The property is located at 1525 Lynch Lane Clarksville, IN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1.77‑acre parcel zoned B1 with approximately 165 feet of road frontage on a paved road; Includes a 1,584 sq. ft. assessor home on lot 4 that has been used as a rental; Right‑side addition on the home was used as a separate rental space (1 bd/1 ba)
