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Two-Unit Duplex with Basement
New
For Sale
$65,000

65 W 2Nd Street, Peru, IN 46970

Two separately addressed units share a covered front porch and full-length basement.

Property Size3,400 SF
Price / SF$19.12
Days on Market5

Property Features for 65 W 2Nd Street

General Information

Standard status Active
Size 3,400 SF
Property subtype Multi-Family

Building Details

Year Built 1963
Listing Agency: Dan Rarey, Dan Rarey Real Estate
Listed By: Carson and Lisa Lowry Real Estate
Source: Carsonlowryrealestate
Added: Aug 26 Changed: Aug 29 Last Checked: Aug 29 at 1:41PM

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 Dan Rarey, Dan Rarey Real Estate

Investment Insights

Based on property information with market context.

This two-unit duplex occupies a 3,400-square-foot property built in 1963, with each residence assigned its own address. The primary unit includes a spacious living room, formal dining room, and eat-in kitchen equipped with double wall ovens and an island. The second unit has an opened kitchen awaiting completion, while both sides feature generously sized rooms, high ceilings, and original doors and trim. Flooring varies among laminate, vinyl, and carpet.

A full basement extends the length of the house and provides laundry hookups along with substantial storage. The property also includes a covered front porch and a deep, shaded lot. The existing two-unit layout offers flexibility for an owner-occupant arrangement or separate use of both residences.

Key Highlights

  • 3,400‑square‑foot two‑unit duplex built in 1963
  • Separate addresses at 65 and 67 W 2nd Street
  • Full basement runs the length of the house

Property Analytics

Current Use

Byron Leon Cohee, ... Dental Office

Suggested Use

Top Pick Daycare Center Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

559
Businesses Nearby

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
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?
Duplex - Two separately addressed units share a covered front porch and full-length basement.
Where is this duplex located?
The property is located at 65 W 2Nd Street Peru, IN.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: 3,400‑square‑foot two‑unit duplex built in 1963; Separate addresses at 65 and 67 W 2nd Street; Full basement runs the length of the house
More about this property
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