Four-Property Apartment
315 Potomac Avenue, Terre Haute, IN 47803
For Sale
$1,455,000
MULTI-FAMILY, Terre Haute, IN
Property SizeContact for details
Days on Market54
Property Features for 315 Potomac Avenue
General Information
Property type
Property subtype
Exterior features
Subdivision
Standard status
APN
Listing Agency:
REMAX R.E.A. · RE/MAX International
Listed By:
Bobbi Burns · License IN RB14029244
(812) 235-4433
Added: Sep 18
Changed: Sep 24
Last Checked: Nov 10 at 7:06AM
MLS# 110536
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.
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Investment Insights
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This apartment portfolio includes four Terre Haute properties comprising 22 apartment units, multiple garages, and varied building configurations. The holdings include a five-unit property with five garages at 315 and 317 Potomac Avenue; a three-unit property with a detached garage at 503 Hulman Street; a six-unit property at 518 South 5th Street; and an eight-unit property at 721 South 6th Street. The final property also includes a large garage with two overhead doors that is leased as an additional unit.
Three properties are located very close to the ISU campus, while the fourth is in Edgewood Grove, an east-side residential subdivision. Recent work has focused on exterior improvements, including paved streets and gutters or storm drainage. Tenants pay utilities, and the portfolio was reported to have no month-to-month leases at the time of listing.
Three properties are located very close to the ISU campus, while the fourth is in Edgewood Grove, an east-side residential subdivision. Recent work has focused on exterior improvements, including paved streets and gutters or storm drainage. Tenants pay utilities, and the portfolio was reported to have no month-to-month leases at the time of listing.
Key Highlights
- Four‑property Terre Haute apartment portfolio with 22 listed apartment units
- 315 and 317 Potomac Avenue include 5 units and 5 garages
- 721 South 6th Street includes 8 units plus a large garage with 2 overhead doors
Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
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Business Placement
Demographics for 47803, IN
21,832
Population
9,516
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
95%
High-School Grad
33.4 sq mi
ZIP Area
654
Density / Sq Mi
$59,306
Median Household Income
$35,454
Median Earnings
$895
Median Rent
$146,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Four multifamily properties offer 22 apartment units, garages, and established leasing across Terre Haute rental submarkets.
Where is this apartment building located?
The property is located at 315 Potomac Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $1,455,000.
What are key features of this property?
This property features: Four‑property Terre Haute apartment portfolio with 22 listed apartment units; 315 and 317 Potomac Avenue include 5 units and 5 garages; 721 South 6th Street includes 8 units plus a large garage with 2 overhead doors
