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Three-Unit Multifamily Property
For Sale
$239,900
Pending

735 W 200 Road S, Columbus, IN 47201

Residential Income, Columbus, IN

Property SizeContact for details
Lot Size1.00 Acre
Days on Market20

Property Features for 735 W 200 Road S

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Basement, Bathroom 2
Parking features Carport
Subdivision No Subdivision
Elementary school Southside Elementary School
Middle school Central Middle School
High school Columbus North High School
Elementary school district Bartholomew Con School Corp
Middle school district Bartholomew Con School Corp
High school district Bartholomew Con School Corp
Directions GPS Friendly
Standard status Pending
APN 038502000000200004
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Description Administrative Lot 1 - Horn-Smith Administrative Subdivision (S/54D)
Tax Annual Amount 2280
Legal Description Administrative Lot 1 - Horn-Smith Administrative Subdivision (S/54D)

Building Details

Year built 1915
Number of units 3
Listing Agency: CENTURY 21 Scheetz · Century 21 Real Estate
Listed By: Andrew Larson
Added: Sep 24 Changed: Sep 29 Last Checked: Oct 13 at 10:06AM
MLS# 22128125

Copyright © 2026 Broker Listing Cooperative®. 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 one-acre multifamily property includes a single-family farmhouse built in 1915 and a duplex built in 1968. The three dwellings are mostly stripped and require renovation. The property is being sold as-is.

A carport and shop area are also on site. The property is in Columbus Township.

Key Highlights

  • Three dwellings: a farmhouse and a duplex
  • 1 acre
  • Farmhouse built in 1915; duplex built in 1968

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Auto Parts Store HVAC Service Hair Salon

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

28
Businesses Nearby

Demographics for 47201, IN

45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - The farmhouse and duplex are largely stripped, offering a renovation project across three dwellings on one parcel.
Where is this multifamily property located?
The property is located at 735 W 200 Road S Columbus, IN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Three dwellings: a farmhouse and a duplex; 1 acre; Farmhouse built in 1915; duplex built in 1968
More about this property
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