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Fourplex with Basement
New
For Sale
$299,900

480 W 400 N, Jasper, IN 47546

INVESTMENT, Two Story, Jasper, IN

Property Size3,328 SF
Lot Size2.62 Acres
Price / SF$90.11
Days on Market3

Property Features for 480 W 400 N

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Basement
Parking 8
Parking features Off Street
Fireplace 1
Lot features Rural, Level, Slope
Elementary school Jasper
Middle school Greater Jasper Cons Schools
High school Greater Jasper Cons Schools
Elementary school district Greater Jasper Cons. Schools
Middle school district Greater Jasper Cons. Schools
High school district Greater Jasper Cons. Schools
Directions Hwy. 231 N. go right on 400 N. go approximately 1 mile, property is on the right.
Subdivision Dubois County
Standard status Active
APN 19-06-13-200-012.000-001
Size 3,328 SF
Lot size 2.62 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Description 001-02405-00 PT E1/2 E1/2 NW 13-1-5 2.62A
Legal Description 001-02405-00 PT E1/2 E1/2 NW 13-1-5 2.62A

Amenities

screened porch
basement storage
coin-operated laundry

Building Details

Year built 1968
Floors in Building 2
Number of units 4
Flooring type Vinyl, Carpet
Roof type Rubber
Architectural style Other
Buildings 1
Listing Agency: SELL4FREE-WELSH REALTY CORPORATION
Listed By: Gary Schnell
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 10:06AM
MLS# 202644420

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 3,328-square-foot fourplex, built in 1968, contains four one-bedroom, one-bathroom units. Three units are leased, while the fourth is vacant. A basement provides storage, and a coin-operated washer and dryer are available for tenant use. The property also includes four ranges, four refrigerators, four microwaves, and four window AC units. One lower unit has a screened porch. Updates include flooring in two units, fresh paint, light fixtures, and a garbage disposal.

The property occupies 2.62 acres on the north side of Jasper, with shopping and restaurants a short drive away. Off-street parking serves tenants and visitors.

Key Highlights

  • 2.62‑acre parcel on Jasper’s north side
  • 3,328‑square‑foot fourplex with four one‑bedroom, one‑bathroom units
  • Three units are leased; one upper unit is vacant

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 47546, IN

22,445
Population
10,080
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
185
Density / Sq Mi
$67,806
Median Household Income
$41,824
Median Earnings
$767
Median Rent
$232,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four one-bedroom residences share a parcel with off-street parking and basement storage.
Where is this quadplex located?
The property is located at 480 W 400 N Jasper, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2.62‑acre parcel on Jasper’s north side; 3,328‑square‑foot fourplex with four one‑bedroom, one‑bathroom units; Three units are leased; one upper unit is vacant
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