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Duplex with Fenced Yard
For Sale
$124,900

321 2nd Street, Rising Sun, IN 47040

MULTI_FAMILY - Other - Rising Sun, IN

Property Size1,545 SF
Lot Size0.14 Acres
Price / SF$80.84
Days on Market127

Property Features for 321 2nd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 1
Parking features On Street
Window features Wood Frames, Vinyl 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 Space Heater, Natural Gas, Electric (Heating)
Cooling system Window Unit(s)
Water source Public

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: Aug 3 Last Checked: Sep 2 at 12:06PM
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.

321 2nd Street, Rising Sun, IN 47040. Duplex with upper and lower units, built in 1900, totaling 1,545 SF on a 0.14-acre lot. The property includes a fenced-in yard for outdoor privacy and use. The lower unit is currently rented, while the remaining unit provides an owner-occupant or leasing option.

The duplex is constructed with vinyl siding and has a metal roof. Heating includes space heater, natural gas, and electric heating, with window unit(s) cooling. There is a basement and a fireplace is present. Parking is available on street, and utilities include public water and public sewer.

The unit layout includes bedrooms and two bathrooms, with multiple bedrooms listed across the property. Rooms listed include Bedroom 1 through Bedroom 4 and Bathroom 1 and Bathroom 2, supporting flexible living and rental configurations.

Key Highlights

  • 0.14‑acre lot with 1,545 SF duplex built in 1900
  • Upper and lower units, with the lower unit currently rented
  • Fenced‑in yard for outdoor privacy and added use

Property Analytics

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.

Lease Details

Multi-tenant
Tenancy

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Duplex with upper and lower units, including a lower unit currently rented, plus a fenced yard.
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: 0.14‑acre lot with 1,545 SF duplex built in 1900; Upper and lower units, with the lower unit currently rented; Fenced‑in yard for outdoor privacy and added use
More about this property
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