Triplex Income
For Sale
$145,000
332 S Main Street, Montpelier, IN 47359
MULTI_FAMILY - Other - Montpelier, IN
Property Size2,691 SF
Lot Size0.17 Acres
Price / SF$53.88
Days on Market233
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, Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3
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
Active
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
(765) 288-0400
Listed By:
Tina Coons · License #RB14020128
(765) 744-6493
Added: Dec 9, 2025
Changed: Jul 29
Last Checked: Jul 30 at 1:06PM
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 offering is a triplex with three separately leased units (Unit A, Unit B, and Unit C). The stated monthly income totals $1,875, with Unit A at $700, Unit B at $455, and Unit C at $720. According to the remarks, the owner pays water. The property is described as being in very nice condition, and tenants are in place.
The property is located at 332 S Main Street in Montpelier, Indiana 47359 (Blackford County). Possession is subject to tenant rights, and the sale is being offered with tenants in place.
For buyers seeking a small, income-focused multifamily asset, this triplex provides an in-place rental setup with three active units and a clear breakdown of stated monthly rents. With owner-paid water and tenant-occupied possession, it is well-suited for investors or owner-occupants who want ongoing collections from a three-unit configuration while working within the existing tenant rights terms.
The property is located at 332 S Main Street in Montpelier, Indiana 47359 (Blackford County). Possession is subject to tenant rights, and the sale is being offered with tenants in place.
For buyers seeking a small, income-focused multifamily asset, this triplex provides an in-place rental setup with three active units and a clear breakdown of stated monthly rents. With owner-paid water and tenant-occupied possession, it is well-suited for investors or owner-occupants who want ongoing collections from a three-unit configuration while working within the existing tenant rights terms.
Key Highlights
- Triplex with monthly income of $1,875: Unit A $700, Unit B $455, Unit C $720
- Owner pays water
- Fireplace present
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex generating stated monthly rents; owner pays water with tenants 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: Triplex with monthly income of $1,875: Unit A $700, Unit B $455, Unit C $720; Owner pays water; Fireplace present
