Building Details

Year built 1915

Listing Agency: NextHome Real Estate Connections Show Phone

Listed By: Tracey Symon · License ##RB14039503,PersonLicenseNumber Show Phone

Added: Aug 13 Changed: Sep 1 Last Checked: Sep 1 at 8:06PM

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MLS# 109435

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Investment Insights

Based on property information with market context.

This duplex contains two occupied residential units within a 2239-square-foot property built in 1915. Established tenants are in place, and the current 58% expense ratio reflects owner-paid water, sewer, and lawn care. The property is classified as a duplex and is offered for sale as a residential income asset.

Located at 221 Jackson St in Sullivan, Indiana, the property sits on a 0.2-acre lot. Financial metrics provided for the asset include a current cap rate of 5.46% and a stated value-add cap rate potential of 8.63%.

Key Highlights

• Both units currently occupied by established tenants
• 2239 square feet on a 0.2‑acre lot
• Built in 1915

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage HVAC Service Kitchen & Bath Showroom Grocery & Convenience 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

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 47885, IN

9,231

Population

3,592

Households

2.6

Avg Household Size

42

Median Age

23%

College-Educated

88%

High-School Grad

82.8 sq mi

ZIP Area

111

Density / Sq Mi

$66,203

Median Household Income

$42,244

Median Earnings

$715

Median Rent

$154,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both units are occupied by established tenants, supporting ongoing rental operations.

Where is this duplex located?

The property is located at 221 Jackson St Sullivan, 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: Both units currently occupied by established tenants; 2239 square feet on a 0.2‑acre lot; Built in 1915