Two-Duplex Residential Income
For Sale
$499,900
606 N Grant Street, Edinburgh, IN 46124
MULTI_FAMILY - Other - Edinburgh, IN
Property Size4,032 SF
Lot Size0.20 Acres
Price / SF$123.98
Days on Market124
Property Features for 606 N Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family
Subdivision
No Subdivision
Elementary school
East Side Elementary School
Middle school
Edinburgh Comm Middle School
High school
Edinburgh Community High School
Elementary school district
Edinburgh Community School Corp
Middle school district
Edinburgh Community School Corp
High school district
Edinburgh Community School Corp
Directions
GPS Friendly
Standard status
Active
APN
411234012008000002
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Ne S34 T11 R5
Legal Description
Ne S34 T11 R5
Building Details
Year built
1997
Floors in Building
2
Number of units
4
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Real Estate Prof · RE/MAX International
(812) 372-2200
Listed By:
Jillian Tran · License #RB14044062
(812) 372-2200
Added: Apr 1
Changed: Jun 16
Last Checked: Aug 2 at 2:06AM
MLS# 22092814
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.
Investment Insights
Based on property information with market context.
The property consists of 1 lot with 2 duplex buildings and a total of 4 units. Each duplex building totals 2,016 square feet, and each unit is 1,008 square feet. All units are configured as 2 bedrooms and 1 bathroom. One unit is furnished and includes linens and cookware, along with a refrigerator, oven/range, microwave, and a clothes washer and dryer. The units also feature an open concept kitchen and living area, a pantry, and a designated laundry area, along with a large primary bedroom.
Located at 606 N Grant Street in Edinburgh, Indiana (Johnson County), the asset is zoned for multi-family use. The listing is offered as a for-sale transaction on a 0.2-acre lot.
This setup can fit investors seeking a small residential income portfolio built around duplex-style, similarly sized units. With four 2-bedroom, 1-bath units under the same ownership, it provides an operator with multiple rentable spaces while keeping the unit mix consistent. The inclusion of in-unit laundry elements supports day-to-day livability across the units, including the furnished unit with specified appliances and supplies.
Located at 606 N Grant Street in Edinburgh, Indiana (Johnson County), the asset is zoned for multi-family use. The listing is offered as a for-sale transaction on a 0.2-acre lot.
This setup can fit investors seeking a small residential income portfolio built around duplex-style, similarly sized units. With four 2-bedroom, 1-bath units under the same ownership, it provides an operator with multiple rentable spaces while keeping the unit mix consistent. The inclusion of in-unit laundry elements supports day-to-day livability across the units, including the furnished unit with specified appliances and supplies.
Key Highlights
- 1997‑built brick and vinyl siding duplex property with asphalt roof
- 1 lot with 2 duplex buildings and 4 total units
- Each building totals 2,016 SF; each unit is 1,008 SF
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 | $55.6k | $13.80 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $52.7k | $13.08 |
| − OpEx | −$15.8k | −$3.92 |
| NOI | $36.9k | $9.16 |
4,032 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.5K
$461.6K – $615.4K
NOI $36,924 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$462.3K
$404.5K – $539.3K
NOI $32,359 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 46124, IN
7,891
Population
3,118
Households
2.5
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
73.6 sq mi
ZIP Area
107
Density / Sq Mi
$67,926
Median Household Income
$35,974
Median Earnings
$798
Median Rent
$184,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four-unit rental property with two duplex buildings, each offering 2-bed, 1-bath units and in-unit laundry.
Where is this duplex located?
The property is located at 606 N Grant Street Edinburgh, IN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1997‑built brick and vinyl siding duplex property with asphalt roof; 1 lot with 2 duplex buildings and 4 total units; Each building totals 2,016 SF; each unit is 1,008 SF
