14-Unit Apartment
For Sale
$715,000
408 N Jefferson Street, Converse, IN 46919
Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.
Property Size7,880 SF
Price / SF$90.74
Days on Market86
Property Features for 408 N Jefferson Street
General Information
Standard status
Active
Size
7,880 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
14
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Century 21 Bradley Realty Inc
(260) 399-1177
Listed By:
Jonathan Preusz · License #RB19000148
Source:
Xome
Added: May 8
Changed: Jul 10
Last Checked: Aug 1 at 3:24AM
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 Century 21 Bradley Realty Inc
Investment Insights
Based on property information with market context.
This 14-unit apartment complex is arranged across three separate buildings: two triplexes and one 8-plex. The unit mix includes four 2-bedroom/1-bath units and ten 1-bedroom/1-bath units. Ten units feature ground-level entry for easier access. The 8-plex is a two-story design that includes on-site laundry facilities, supported by commercial-grade machines. Equipment is provided and maintained by a third-party vendor, with laundry income generated through that arrangement. Unit #1 is currently undergoing renovations, and the majority of building materials have already been purchased and will convey with the sale to help the new owner complete the work.
The property is located at 408 N Jefferson Street in Converse, Indiana, directly on Jefferson Street (a main road). It also sits adjacent to a Dollar General for nearby everyday convenience. The complex is served by the Oak Hill United School Corporation. Roofs were replaced approximately five years ago as part of significant capital work already completed.
For tenants and operators, the combination of ground-level entries, a straightforward mix of 1-bedroom and 2-bedroom apartments, and on-site laundry can support day-to-day leasing needs. The current renovation status in Unit #1, along with materials already on hand, offers a defined path to finishing that unit after closing.
The property is located at 408 N Jefferson Street in Converse, Indiana, directly on Jefferson Street (a main road). It also sits adjacent to a Dollar General for nearby everyday convenience. The complex is served by the Oak Hill United School Corporation. Roofs were replaced approximately five years ago as part of significant capital work already completed.
For tenants and operators, the combination of ground-level entries, a straightforward mix of 1-bedroom and 2-bedroom apartments, and on-site laundry can support day-to-day leasing needs. The current renovation status in Unit #1, along with materials already on hand, offers a defined path to finishing that unit after closing.
Key Highlights
- 14‑unit apartment complex on Jefferson St in Converse, built in 1970
- Three buildings: two triplexes and one 8‑plex; 4 units are 2BD/1BA and 10 units are 1BD/1BA
- 8‑plex is 2‑story and includes on‑site laundry with commercial‑grade machines
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 46919, IN
2,202
Population
827
Households
2.7
Avg Household Size
44
Median Age
20%
College-Educated
91%
High-School Grad
42.7 sq mi
ZIP Area
52
Density / Sq Mi
$71,033
Median Household Income
$40,602
Median Earnings
$758
Median Rent
$145,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.
Where is this apartment building located?
The property is located at 408 N Jefferson Street Converse, IN.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 14‑unit apartment complex on Jefferson St in Converse, built in 1970; Three buildings: two triplexes and one 8‑plex; 4 units are 2BD/1BA and 10 units are 1BD/1BA; 8‑plex is 2‑story and includes on‑site laundry with commercial‑grade machines
