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    320 E 7Th St Lapel, IN 46051

    For Sale
    $149,900

    Two-unit duplex in Lapel, Indiana, with potential for updates.

    Lot size:
    0.20 Acres

    Property Features for 320 E 7Th St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1910

    Source: Keller Williams Realty Indy Metro Northeast Agent Aaron Starr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lapel Duplex with Large Lot

    This property features a two-unit duplex located on the east side of Lapel, Indiana. The property includes a large lot, offering sufficient space for the potential installation of a garage. The units require updates, and the current heating and cooling system needs to be brought up to code. The pricing reflects the current condition of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lapel
    County
    Madison
    State
    Indiana
    Longitude
    -85.8435389
    Latitude
    40.0671377

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex in Lapel, Indiana, with potential for updates.
    Where is this duplex located?
    The property is located at 320 E 7Th St Lapel, IN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Two-unit duplex offers income potential.; - Large lot provides space for a future garage.; - Located in a desirable area on the east side of Lapel.
    Request Owner's contact information
    320 E 7Th St Lapel, IN 46051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320 E 7Th St Lapel, IN 46051
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