2333 North 14th Street Terre Haute, IN 47804
Six-unit multifamily property with recent renovations and upside potential.
Type:Commercial Sale / Multi-Family 5+
Property size:
5,916 SF- Added:
- Mar 24, 2026
- Days on Market:
- 24
- Last Refresh:
- Mar 25 at 8:14 pm
Property Features for 2333 North 14th Street
General Information
- Standard status
- Active
- Size
- 5,916 SF
- Property subtype
- Commercial Sale / Multi-Family 5+
Listing agent Valeska Nemetz License #01737574 (844) 239-2663
Listing office Beycome of California (844) 239-2663
Listing date Mar 24, 2026
Source Compass
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Overview
Terre Haute Multifamily Investment Opportunity
This six-unit brick multifamily property is located in Terre Haute, Indiana. All major systems, including plumbing, electrical, roof, HVAC, and water heaters, were replaced in 2021. Three units were renovated in 2025. The property features separately metered electric, with tenants responsible for their own electric bills. Currently, five of the six units are occupied, generating $3,315 per month in rent. Unit 5 is vacant, presenting an immediate opportunity for lease-up. The current owner pays for water and sewer without recapture, offering a new owner the potential to increase net operating income by implementing flat fee billing with no capital expenditure. The unit mix is diverse, including one 3-bedroom, two 2-bedroom, and three 1-bedroom units. The property is situated in a market with four universities: Indiana State, Rose-Hulman, Saint Mary-of-the-Woods, and Ivy Tech. The cap rate is 8.9% on stabilized net operating income, with a pro-forma 9% with Unit 5 leased and utility recapture in place. The property size is 5916 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Terre Haute
- County
- Vigo
- State
- Indiana
- Longitude
- -87.395295
- Latitude
- 39.495768
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with recent renovations and upside potential.
Where is this apartment building located?
The property is located at 2333 North 14th Street Terre Haute, IN.
What is the asking price?
The asking price for this property is $285,500.
What are key features of this property?
This property features: 8.9% Cap Rate on Stabilized NOI, Pro‑Forma 9% with Unit 5 Leased and Utility Recapture; All Major Systems Replaced in 2021 (Plumbing, Electrical, Roof, HVAC, Water Heaters); Immediate Lease‑Up Upside with Vacant Unit 5
