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Duplex With Fenced Yard
For Sale
$124,900

321 2nd Street, Rising Sun, IN 47040

Multi Family, Rising Sun, IN

Property Size1,545 SF
Lot Size0.14 Acres
Price / SF$80.84
Days on Market140

Property Features for 321 2nd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 4
Parking features On Street
Window features Vinyl Frames, Wood Frames
Fireplace 1
Elementary school Ohio County Elementa
High school Rising Sun High Scho
Elementary school district Rising Sun - Ohio Co
Middle school district Rising Sun - Ohio Co
High school district Rising Sun - Ohio Co
Subdivision Randolph
Standard status Active
APN 58-06-02-002-022.000-004
Size 1,545 SF
Lot size 0.14 Acres

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Space Heater, Electric (Heating)
Cooling system Window Unit(s)
Water source Public

Amenities

fenced-in yard

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Metal
Architectural style Other
Listing Agency: Keller Williams Realty Services
Listed By: Jeff McGownd
Added: Apr 29 Changed: Sep 15 Last Checked: Sep 15 at 4:06AM
MLS# 207336

Copyright © 2026 Southeastern Indiana Board 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.

Investment Insights

Based on property information with market context.

This duplex contains 1,545 square feet arranged across upper and lower residential units. The property includes four bedrooms, two bathrooms, a basement, and a fireplace. The lower unit is currently rented, while the upper unit provides additional residential space. A fenced yard adds defined outdoor area, and on-street parking serves the property.

Built in 1900, the home features vinyl siding, a metal roof, public water, and public sewer. Heating includes electric service, a space heater, and natural gas, while window units provide cooling. The 0.14-acre parcel is located in Rising Sun, Indiana.

Key Highlights

  • 1,545‑square‑foot duplex with upper and lower residential units
  • Four bedrooms, two bathrooms, basement, and fireplace
  • Lower unit is currently rented

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Storage Facility Catering Service Computer & Electronic Repair Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

235
Businesses Nearby

Demographics for 47040, IN

5,288
Population
2,401
Households
2.2
Avg Household Size
46
Median Age
17%
College-Educated
93%
High-School Grad
64.9 sq mi
ZIP Area
81
Density / Sq Mi
$68,865
Median Household Income
$40,080
Median Earnings
$803
Median Rent
$180,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Upper and lower units support owner-occupancy or separate residential leasing arrangements.
Where is this duplex located?
The property is located at 321 2nd Street Rising Sun, IN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,545‑square‑foot duplex with upper and lower residential units; Four bedrooms, two bathrooms, basement, and fireplace; Lower unit is currently rented
More about this property
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