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Three-Unit Residential Income Property
For Sale
$145,000

332 S Main St, Montpelier, IN 47359

Occupied residential income property with water service paid by ownership.

Property Size2,691 SF
Price / SF$53.88
Days on Market28

Property Features for 332 S Main St

General Information

Standard status Active
Size 2,691 SF
Property subtype Multi-Family

Additional Details

Gross Income $22,500
Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: RE/MAX Real Estate Groups
Listed By: Tina Coons · License #RB14020128
Source: Spencerchildersgroup
Added: Aug 3 Changed: Aug 30 Last Checked: Aug 30 at 3:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Groups

Investment Insights

Based on property information with market context.

This three-unit residential income property contains 2,691 square feet and was built in 1900. The existing configuration includes Units A, B, and C, with tenants currently in place.

Ownership pays the water service, and possession is subject to tenant rights. The property is located at 332 S Main St in Montpelier, Indiana.

Key Highlights

  • Three‑unit property with Units A, B, and C
  • 2,691 square feet of building area
  • Built in 1900

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply HVAC Service Real Estate Agency Dental Office Plumbing Service Auto Parts Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

148
Businesses Nearby

Demographics for 47359, IN

2,744
Population
1,530
Households
1.8
Avg Household Size
43
Median Age
7%
College-Educated
90%
High-School Grad
56.9 sq mi
ZIP Area
48
Density / Sq Mi
$67,308
Median Household Income
$35,975
Median Earnings
$727
Median Rent
$112,400
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?
Triplex - Occupied residential income property with water service paid by ownership.
Where is this triplex located?
The property is located at 332 S Main St Montpelier, IN.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Three‑unit property with Units A, B, and C; 2,691 square feet of building area; Built in 1900
More about this property
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