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Triplex with Fourth Unit Space
For Sale
$129,900

1562 4th Avenue, Terre Haute, IN 47807

MULTI-FAMILY, Terre Haute, IN

Property Size3,514 SF
Lot Size0.25 Acres
Price / SF$36.97
Days on Market16

Property Features for 1562 4th Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Patio and Porch features Porch, Deck
Interior features New Floor Covering, New Paint, Vinyl Floors, Carpet, Window Coverings, Ceiling Fan(s), Countertops Laminate
Exterior features Paved Street, Gutters/Storm Drain
Appliances Refrigerator, Elec. Range/Oven
Elementary school Ouabache
Middle school Woodrow Wilson
High school Terre Haute North
Subdivision Vigo County
Standard status Active
APN 84-06-15-432-032.000-002
Lot size 0.25 Acres

Utilities

Heating system Forced Air, Natural Gas
Cooling system Electric, Window Unit(s), Central Air, Wall/Window Unit(s)

Amenities

front porch
back deck
fenced yard

Building Details

Year built 1895
Listing Agency: REMAX R.E.A. · RE/MAX International
Listed By: Kyle Mcclain · License #RB18001633
Added: Sep 30 Changed: Oct 13 Last Checked: Oct 15 at 3:06AM
MLS# 110732

Copyright © 2026 Terre Haute Area Association of Realtors. 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 Terre Haute multifamily property contains 3,514 square feet on a 0.25-acre corner lot. It is operating as a triplex, with a separate fourth unit currently gutted; most electrical and plumbing work for that space is in place. The grounds include a fenced yard, a large front porch, and a rear deck. A detached one-car garage has plumbing and electrical service. Recent work includes a roof replacement and three new water heaters in 2025, along with fresh interior paint and flooring in the occupied units.

The property is near Queen of Terre Haute Casino Resort and local universities. Heating is natural gas with forced air. Interior finishes include vinyl flooring and carpet, and the listed appliances include a refrigerator and electric range/oven.

Key Highlights

  • 3,514‑square‑foot multifamily property on a 0.25‑acre corner lot
  • Operating triplex with a gutted fourth unit; most electrical and plumbing are in place
  • New roof and three new water heaters completed in 2025

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Parking Lot & Garage Bakery

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

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

Demographics for 47807, IN

12,063
Population
6,805
Households
1.8
Avg Household Size
29
Median Age
13%
College-Educated
82%
High-School Grad
3.8 sq mi
ZIP Area
3,174
Density / Sq Mi
$24,389
Median Household Income
$15,611
Median Earnings
$910
Median Rent
$58,400
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?
Triplex - A detached garage, fenced yard, porch, and rear deck complement the existing three-unit configuration.
Where is this triplex located?
The property is located at 1562 4th Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 3,514‑square‑foot multifamily property on a 0.25‑acre corner lot; Operating triplex with a gutted fourth unit; most electrical and plumbing are in place; New roof and three new water heaters completed in 2025
More about this property
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