3-Unit Residential
217 Taylor Street, Boonville, IN 47601
For Sale
Contact for pricing
Each residence combines a three-bedroom layout with an attached garage.
Property Size4,299 SF
Lot Size0.28 Acres
Price / SF$162.81
Days on Market50
Property Features for 217 Taylor Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Building Details
Year Built
Listing Agency:
RWA Properties
Listed By:
Barry Hines · License IN RB14052302
Source:
Crexi
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 10 at 7:10AM
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 RWA Properties
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Investment Insights
Based on property information with market context.
Completed in 2026, this residential property contains three matching units. Each offers three bedrooms, 2.5 baths, and a one-car attached garage. The building totals 4,299 square feet on a 12,000-square-foot lot.
At 217 Taylor Street in Boonville, Indiana, the property has a 7.5% cap rate and an 11.3% cash-on-cash return.
At 217 Taylor Street in Boonville, Indiana, the property has a 7.5% cap rate and an 11.3% cash-on-cash return.
Key Highlights
- Three matching residences, each with 3 bedrooms and 2.5 baths
- One‑car attached garage for each unit
- 4,299 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,963
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
$439.3K
Cap Rate 7%
$313,757
$313.8K
Cap Rate 9%
$244,033
$244.0K
Market Conditions
NOI Build-Up for 4,299 SF
Gross rent
$42.3K $9.84/SF
− Vacancy
−$2.4K −$0.55/SF
EGI
$39.9K $9.29/SF
− OpEx
−$18.0K −$4.18/SF
NOI
$22.0K $5.11/SF
Area
Warrick County, IN
Vacancy
5.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,260
Cap Rate 7%
$313,757
Cap Rate 9%
$244,033
Alternative Uses
Best Use
Apartment 5plus
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 3.14%
Second Best
Multifamily LT 5
$294.9K
$258.1K – $344.1K
NOI $20,644 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$850.6K
$744.3K – $992.4K
NOI $59,542 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Demographics for 47601, IN
14,088
Population
5,803
Households
2.4
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
127.3 sq mi
ZIP Area
111
Density / Sq Mi
$77,411
Median Household Income
$46,517
Median Earnings
$843
Median Rent
$184,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence combines a three-bedroom layout with an attached garage.
Where is this triplex located?
The property is located at 217 Taylor Street Boonville, IN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three matching residences, each with 3 bedrooms and 2.5 baths; One‑car attached garage for each unit; 4,299 square feet of building area
