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Two-Story Multifamily Property
For Sale
$1,934,000
Pending

501 16Th Street, Bedford, IN 47421

INVESTMENT, Two Story, Bedford, IN

Property Size2,992 SF
Lot Size0.17 Acres
Days on Market35

Property Features for 501 16Th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 4, Bedroom 2
Parking 1
Lot features Corner
Elementary school Lincoln
Middle school Bedford
High school Bedford-North Lawrence
Elementary school district North Lawrence Community Schools
Middle school district North Lawrence Community Schools
High school district North Lawrence Community Schools
Directions HEADED EAST ON US HWY 50, TURN LEFT ON E ST, PROPERTY ON LEFT.
Subdivision Lawrence County
Standard status Pending
APN 47-06-13-331-028.000-010
Size 2,992 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description HILLSIDE LOT 9 50 X 150 EXC 102 SQ FT SE COR
Legal Description HILLSIDE LOT 9 50 X 150 EXC 102 SQ FT SE COR

Utilities

Cooling system Wall Unit(s)

Building Details

Year built 1927
Floors in Building 2
Number of units 1
Architectural style Other
Listing Agency: Mark Dietel Realty, LLC
Listed By: Bradley McCleerey
Added: Sep 24 Changed: Oct 28 Last Checked: Oct 28 at 3:06PM
MLS# 202639653

Copyright © 2026 Indiana Uplands Realtor® Association. 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 two-story multifamily property was built in 1927 and contains 2,992 square feet on a 0.17-acre lot. The interior includes four bedrooms, two bathrooms, and a basement, with wall-unit cooling. The property is offered as part of a package deal.

Key Highlights

  • 2,992 square feet of building area
  • 0.17‑acre lot
  • Four bedrooms and two bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

497
Businesses Nearby

Demographics for 47421, IN

27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
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?
Multifamily property - The residence includes a basement and wall-unit cooling.
Where is this multifamily property located?
The property is located at 501 16Th Street Bedford, IN.
What is the asking price?
The asking price for this property is $1,934,000.
What are key features of this property?
This property features: 2,992 square feet of building area; 0.17‑acre lot; Four bedrooms and two bathrooms
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