Search
Fully Remodeled Duplex
For Sale
$250,000

406 S Walnut St, Crawfordsville, IN 47933

Two occupied units offer central air, gas heat, and laundry hookups.

Property Size2,520 SF
Price / SF$99.21
Days on Market17

Property Features for 406 S Walnut St

General Information

Standard status Active
Size 2,520 SF
Property subtype Multi-Family
Occupancy 100%

Financials

Gross Income $28,800
Average Monthly Rent $1,200

Units

Unit Mix 1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units 2

Building Details

Year Built 1900
Buildings 1
Tenancy Multi
Listing Agency: Taylor Real Estate Specialists
Listed By: Lisa Taylor · License #RB14032087
Source: Eveloteam
Added: Aug 14 Changed: Aug 30 Last Checked: Aug 25 at 4:30AM

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 Taylor Real Estate Specialists

Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains two extensively renovated residences totaling 2,520 square feet. The unit mix includes a one-bedroom, one-bath apartment and a larger three-bedroom, one-and-a-half-bath apartment. Both units provide central air, gas heat, laundry hookups, a range/oven, and a refrigerator; the larger residence also includes a dishwasher.

The property is located at 406 S Walnut St in Crawfordsville, near downtown, shopping, dining, parks, and schools. Both units are currently occupied, and tenant rights remain in effect through June 2027. After the current tenancy period, the two-unit layout provides flexibility for continued rental use or owner occupancy of one residence while leasing the other.

Key Highlights

  • 2,520‑square‑foot duplex with two residential units
  • One‑bedroom, one‑bath unit plus a three‑bedroom, one‑and‑a‑half‑bath unit
  • Extensive renovation completed throughout the property

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Building Supply Barber Shop (Bike/Boat/Book/etc) Store Locksmith Skin Care 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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

687
Businesses Nearby

Demographics for 47933, IN

28,092
Population
12,254
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
235.7 sq mi
ZIP Area
119
Density / Sq Mi
$61,968
Median Household Income
$39,343
Median Earnings
$822
Median Rent
$176,400
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two occupied units offer central air, gas heat, and laundry hookups.
Where is this duplex located?
The property is located at 406 S Walnut St Crawfordsville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,520‑square‑foot duplex with two residential units; One‑bedroom, one‑bath unit plus a three‑bedroom, one‑and‑a‑half‑bath unit; Extensive renovation completed throughout the property
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message