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Two-Story Triplex
For Sale
$145,000
Pending

332 S Main Street, Montpelier, IN 47359

INVESTMENT, Two Story, Montpelier, IN

Property Size2,691 SF
Lot Size0.17 Acres
Days on Market270

Property Features for 332 S Main Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Basement, Bedroom 2, Bathroom 2
Parking 3
Parking features Off Street
Fireplace 1
Basement Block
Lot features City/ Town/ Suburb, Level
Elementary school Blackford
Middle school Blackford Jr/Sr
High school Blackford Jr/Sr
Elementary school district Blackford County
Middle school district Blackford County
High school district Blackford County
Directions SR 3 North thru Hartford City to SR 18, east thru Montpelier, south on Main Street to property on west side.
Subdivision Blackford County
Standard status Pending
APN 050209101010000002
Size 2,691 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description O P CENTER 47 1/2X160 LOT 8 BLK 14
Tax Annual Amount 1200
Legal Description O P CENTER 47 1/2X160 LOT 8 BLK 14

Building Details

Year built 1900
Floors in Building 2
Number of units 3
Flooring type Vinyl
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX Real Estate Groups · RE/MAX International
Listed By: Tina Coons · License #RB14020128
Added: Dec 9, 2025 Changed: Sep 4 Last Checked: Sep 5 at 10:06PM
MLS# 202548527

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. 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 two-story triplex contains 2,691 square feet on a 0.17-acre parcel in Montpelier, Indiana. The property was built in 1900 and includes three bathrooms, four bedrooms, a basement, vinyl flooring, a shingle roof, and a fireplace. Off-street parking serves the building, while water service is paid by the owner.

The property is occupied, with possession subject to tenant rights. Its three-unit configuration, existing occupancy, and established residential improvements provide a clearly defined multifamily layout for continued rental use.

Key Highlights

  • Three‑unit property with tenant occupancy in place
  • 2,691 square feet on a 0.17‑acre parcel
  • Built in 1900 with a shingle roof

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 - Three-unit residential property with off-street parking and tenant occupancy in place.
Where is this triplex located?
The property is located at 332 S Main Street 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 tenant occupancy in place; 2,691 square feet on a 0.17‑acre parcel; Built in 1900 with a shingle roof
More about this property
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