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Triplex with Unfinished Fourth Unit
New
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 Market2

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 Deck, Porch
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 Wall/Window Unit(s), Central Air, Window Unit(s), Electric

Amenities

front porch
back deck
fenced yard
detached garage

Building Details

Year built 1895
Listing Agency: REMAX R.E.A. · RE/MAX International
Listed By: Kyle Mcclain · License #RB18001633
Added: Sep 30 Last Checked: Oct 1 at 6:06PM
MLS# 110635

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 3,514-square-foot triplex, built in 1895, occupies a 0.25-acre corner lot. It contains three operating units and a fourth unit that remains unfinished, with much of its electrical and plumbing work already in place. A detached one-car garage has plumbing and electrical service. Outdoor features include a front porch, rear deck, and fenced yard.

Recent work includes a roof replacement and three new water heaters in 2025. The active units also have updated interior paint and flooring. The property is in Terre Haute, near Queen of Terre Haute Casino Resort and local universities.

Key Highlights

  • 3,514‑square‑foot property on a 0.25‑acre corner lot
  • Three operating units plus an unfinished fourth unit
  • Fourth unit has much of its electrical and plumbing work in place

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 - Three apartments are supplemented by a partially completed additional unit.
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 property on a 0.25‑acre corner lot; Three operating units plus an unfinished fourth unit; Fourth unit has much of its electrical and plumbing work in place
More about this property
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