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Updated Triplex with Off-Street Parking
For Sale
$205,000

1612 S Center Street, Terre Haute, IN 47802

MULTI-FAMILY, Terre Haute, IN

Property SizeContact for details
Days on Market27

Property Features for 1612 S Center Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features Porch
Interior features Hardwood Floors
Appliances Refrigerator, Elec. Range/Oven
Elementary school Farrington Grov
Middle school Woodrow Wilson
High school Terre Haute South
Directions 1 Block N of Hulman on Center
Subdivision Vigo County
Standard status Active
APN 84-06-28-484-019.000-002

Utilities

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

Building Details

Year built 1910
Listing Agency: REMAX R.E.A. · RE/MAX International
Listed By: Bill Hein · License #RB14043066
Added: Sep 1 Changed: Sep 24 Last Checked: Sep 27 at 12:06PM
MLS# 110369

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 three-unit residential property, built in 1910, includes spacious rooms, hardwood floors, porches, refrigerators, and electric ranges. Two of the three units have been updated. The lower-level two-bedroom unit also includes an additional room that may serve as a smaller third bedroom. Off-street parking is located behind the building.

The property uses a combined heating arrangement: a natural-gas furnace in the basement provides basic heat, while each unit has electric baseboard heat billed to the individual tenant. The landlord pays gas, water, and sewer; tenants pay their own electric service. The roof was stripped and replaced in the last 2 years, and the property also has a newer water heater. Window or wall-unit cooling is present.

Key Highlights

  • Triplex with 3 residential units
  • 2 of the 3 units have been updated
  • Roof was stripped and replaced in the last 2 years

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

446
Businesses Nearby

Demographics for 47802, IN

34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
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-unit property with refreshed interiors, rear parking, and a mix of gas and electric heating.
Where is this triplex located?
The property is located at 1612 S Center Street Terre Haute, IN.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Triplex with 3 residential units; 2 of the 3 units have been updated; Roof was stripped and replaced in the last 2 years
More about this property
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