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Duplex with Two-Bedroom Unit
For Sale
$147,500

500 North Church Street, Fort Branch, IN 47648

Two-unit residential income property with split-system HVAC, laundry facilities, and included kitchen appliances.

Property Size1,638 SF
Price / SF$90.05
Days on Market222

Property Features for 500 North Church Street

General Information

Standard status Active
Size 1,638 SF
Property subtype Multi Family / Duplex
Occupancy 50%

Property Condition

Severity Repairs Needed
Evidence does not currently have electric panel

Units

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

Taxes and HOA fees

Annual Taxes $1,591

Amenities

Multiple Cooling Units
1
No
Carpet, Vinyl
2
Electricity, Multiple Heating Systems
Crawl
Yes
Gravel, Other
Stone
Cable Available, Detector-Smoke, Water Heater Electric, Washer Hook-Up
2nd Detached Garage
Paved

Building Details

Year Built 1949
Buildings 2
Units 4
Listing Agency: F.C. TUCKER EMGE
Listed By: Anita Waldroup · License #RB14028427
Source: Compass
Added: Jan 20 Changed: Aug 29 Last Checked: Aug 29 at 3:24PM

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 F.C. TUCKER EMGE

Investment Insights

Based on property information with market context.

This 1,638-square-foot duplex, built in 1949, contains two residential units with a concrete structure and stone exterior. Unit A offers two bedrooms and includes a garage, while Unit B is configured as a one-bedroom unit with three rooms and one bath. Both units include laundry facilities, split systems for heating and cooling, and landlord-owned refrigerators and stoves.

The property is served by electricity only, with no gas service. Each tenant is responsible for individual utilities, while the owner handles mowing, property taxes, and insurance. One unit is occupied and the other is vacant, providing an existing tenant arrangement alongside available space. The property also includes a 1,024-square-foot concrete-block building with vinyl exterior, concrete flooring, and space divided for two tenants; the building does not currently have an electric panel.

Key Highlights

  • 1,638‑square‑foot duplex on North Church Street
  • Two units: Unit A has 2 bedrooms; Unit B has 1 bedroom, 3 rooms, and 1 bath
  • Concrete structure with stone exterior; built in 1949

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Nail Salon Grocery & Convenience Store Spa & Massage Center Hair Salon

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
50%
Occupancy

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

Demographics for 47648, IN

4,510
Population
2,147
Households
2.1
Avg Household Size
38
Median Age
29%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
94
Density / Sq Mi
$68,068
Median Household Income
$47,631
Median Earnings
$906
Median Rent
$193,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential income property with split-system HVAC, laundry facilities, and included kitchen appliances.
Where is this duplex located?
The property is located at 500 North Church Street Fort Branch, IN.
What is the asking price?
The asking price for this property is $147,500.
What are key features of this property?
This property features: 1,638‑square‑foot duplex on North Church Street; Two units: Unit A has 2 bedrooms; Unit B has 1 bedroom, 3 rooms, and 1 bath; Concrete structure with stone exterior; built in 1949
More about this property
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