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Four-Unit Residential Property
For Sale
$189,000

707 3RD Avenue, Terre Haute, IN 47807

MULTI-FAMILY, Terre Haute, IN

Property SizeContact for details
Days on Market92

Property Features for 707 3RD Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 2, Bedroom 1
Interior features New Floor Covering, New Paint, Vinyl Floors, Carpet, Window Coverings, Smoke Detector
Exterior features Paved Street
Appliances Refrigerator, Elec. Range/Oven, Washer, Dryer
Elementary school Fuqua
Middle school Otter Creek
High school Terre Haute North
Directions Corner of 3rd Ave and N 7th St
Subdivision Vigo County
Standard status Active
APN 84-06-15-354-001.000-002

Utilities

Heating system Baseboard, Electric (Heating)

Amenities

coin-op washer and dryer

Building Details

Year built 1978
Listing Agency: HILL VALLEY HOME SALES
Listed By: Melissa Kuykendall
Added: Jul 14 Changed: Oct 8 Last Checked: Oct 13 at 2:06AM
MLS# 109909

Copyright © 2026 Terre Haute Area Association of Realtors. 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.

This 1978 four-unit residential property has electric baseboard heat and a utility arrangement in which residents pay their own electric service. Ownership pays water and sewer, along with electricity for the water heater, dryer, and hall lights. Interior features include vinyl flooring, carpet, window coverings, smoke detectors, and updated paint and floor covering. Appliances include refrigerators, electric ranges, a washer, and a dryer.

A roof replacement was completed in 2022, and the coin-operated washer and dryer were acquired in 2017. The property is on a paved street at 707 3rd Avenue in Terre Haute, near Union Hospital, Indiana State University, downtown, restaurants, shopping, public transportation, and major employers.

Key Highlights

  • Four residential units
  • Residents pay their own electric service; ownership covers water and sewer, plus power for the water heater, dryer, and hall lights
  • Roof replaced in 2022

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service Locksmith Home Appliance Store Garden Center

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,064
Businesses Nearby

Demographics for 47807, IN

12,063
Population
6,805
Households
1.8
Avg Household Size
29
Median Age
13%
College-Educated
82%
High-School Grad
3.8 sq mi
ZIP Area
3,174
Density / Sq Mi
$24,389
Median Household Income
$15,611
Median Earnings
$910
Median Rent
$58,400
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four separately metered electric units have tenant-paid electric service, while ownership covers water and sewer.
Where is this quadplex located?
The property is located at 707 3RD Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Four residential units; Residents pay their own electric service; ownership covers water and sewer, plus power for the water heater, dryer, and hall lights; Roof replaced in 2022
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