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Triplex with Attached Garage
For Sale
$167,900

607 West Monroe Street, Decatur, IN 46733

Three occupied units offer separate electric metering, shared water heaters, and convenient basement laundry access.

Property Size3,151 SF
Price / SF$53.28
Days on Market204

Property Features for 607 West Monroe Street

General Information

Standard status Active
Size 3,151 SF
Property subtype Multi Family / Triplex
Lease Term 1 Year

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,328

Amenities

2
Yes
Carpet, Wood, Vinyl
3
Gas, Hot Water
1
Crawl, Slab
5
No
Brick, Vinyl
Basement, Fenced Yard, Off Street Parking

Building Details

Year Built 1900
Units 3
Listing Agency: North Eastern Group Realty
Listed By: Ryan Blythe · License #RB14048955
Source: Compass
Added: Feb 7 Changed: Aug 30 Last Checked: Aug 30 at 11:59AM

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 North Eastern Group Realty

Investment Insights

Based on property information with market context.

This 3,151-square-foot triplex, built in 1900, contains three occupied residences. The main-floor two-bedroom unit includes a large great room, enclosed front porch, hardwood flooring, access to a two-car attached garage, and basement laundry access. A second main-floor unit provides one bedroom, while the upstairs residence has two bedrooms with carpet, hardwood, and vinyl flooring.

The property includes off-street parking and a fenced backyard. Each residence has its own electric meter. The owner pays for gas, water, sewer, and trash collection, while residents are responsible for electricity. Two water heaters serve the building, and laundry access is available in the basement.

Key Highlights

  • 3,151‑square‑foot triplex built in 1900
  • Three units currently rented
  • Unit mix includes two 2‑bedroom units and one 1‑bedroom unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Daycare Center Garden Center Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 46733, IN

18,669
Population
8,307
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
108
Density / Sq Mi
$63,804
Median Household Income
$41,394
Median Earnings
$818
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three occupied units offer separate electric metering, shared water heaters, and convenient basement laundry access.
Where is this triplex located?
The property is located at 607 West Monroe Street Decatur, IN.
What is the asking price?
The asking price for this property is $167,900.
What are key features of this property?
This property features: 3,151‑square‑foot triplex built in 1900; Three units currently rented; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
More about this property
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