407 & 409 S Morris Street, Edinburgh, IN 46124
- Added:
- Apr 1, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 11 at 12:06 pm
Property Features for 407 & 409 S Morris Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 2 Family Dwell
- Standard status
- Pending
- APN
- 030503220007000010
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lot 2A - Replat Lot 2 - Replat Block C & F Green Acres Subdivision - Town Of Edinburgh (P/10A)
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1993
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jillian Tran License #RB14044062 (812) 372-2200
Listing office RE/MAX Real Estate Prof 1st Street 301, Columbus, IN (812) 372-2200
Listing date Apr 1, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex totals 2,240 SF with two units, each offering 2 bedrooms and 1.5 bathrooms
- Each unit includes a 1‑car garage
- Year built: 1993
- Central air and electric heating
- Vinyl siding exterior and asphalt roof
- Refrigerator and oven/range to convey
Overview
The property is located at 407 & 409 S Morris Street in Edinburgh, Indiana (46124). The lot size is listed as 0.21 acres, and the zoning is identified as 2 Family Dwell.
For buyers seeking a duplex setup, this offering provides two self-contained residential units under one ownership structure. The consistent unit layouts may simplify tenant matching and property management, while the included appliances and per-unit 1-car garages can support day-to-day livability. With each unit featuring a kitchen dining arrangement and a spacious living room, the property is positioned as a straightforward residential income asset within the stated 2-family zoning designation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $13.80 |
| − Vacancy | −$1.6k | −$0.72 |
| EGI | $29.3k | $13.08 |
| − OpEx | −$8.8k | −$3.92 |
| NOI | $20.5k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edinburgh
- County
- Johnson
- State
- Indiana
- Longitude
- -85.971293
- Latitude
- 39.344265
