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Residential Building for Duplex Conversion
New
For Sale
$149,900

822 E Main, Jamestown, IN 46147

Residential Income, Jamestown, IN

Property Size4,800 SF
Lot Size0.45 Acres
Price / SF$31.23
Days on Market6

Property Features for 822 E Main

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 1
Parking features Guest, Assigned
Basement Unfinished, Full, Walk-Out Access
Subdivision No Subdivision
Lot features City Lot, Curbs, Sidewalks, Street Lights, Mature Trees
Elementary school Granville Wells Elementary School
High school Western Boone Jr-Sr High School
Elementary school district Western Boone Co Com Sch Dist
Middle school district Western Boone Co Com Sch Dist
High school district Western Boone Co Com Sch Dist
Directions GPS Friendly
Standard status Active
APN 060110000001038010
Lot size 0.45 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Pt E1/2 Se 10-17-2W 0.45A
Tax Annual Amount 1760
Legal Description Pt E1/2 Se 10-17-2W 0.45A

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1948
Floors in Building 1
Number of units 2
Building materials Vinyl Siding
Roof type Asphalt
Architectural style Ranch
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Jordan Moody · License #RB15001355
Added: Oct 8 Last Checked: Oct 13 at 2:06AM
MLS# 22130445

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.

The 1948 ranch-style building has 2,400 square feet of finished main-level space and a 2,400-square-foot unfinished basement on a 0.45-acre parcel. The main floor contains two banquet rooms, each with an exterior entrance and full bathroom, plus a shared kitchen. The basement has two rooms with separate exterior entrances and half bathrooms. The property needs repairs and updates. Building systems include two gas furnaces, baseboard heat, two central air-conditioning units, a gas water heater, 200-amp electrical service, and a basement sump pump.

Zoned R2, the property allows single-family residential or two-unit multifamily use. The owner is pursuing permits for a duplex layout with three bedrooms in each main-floor unit. Triplex or four-unit conversion would require state approval; architectural renderings for a triplex have been completed. More than 10,000 square feet of paved asphalt parking is on site. The property is across from a nature park in downtown Jamestown.

Key Highlights

  • 2,400 SF finished main level and 2,400 SF unfinished basement
  • 0.45‑acre parcel with more than 10,000 SF of paved asphalt parking
  • R2 zoning allows single‑family or two‑unit multifamily residential use

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Carpet & Flooring Store Catering Service Computer & Electronic Repair Grocery & Convenience 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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

69
Businesses Nearby

Demographics for 46147, IN

2,681
Population
1,016
Households
2.6
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
56.8 sq mi
ZIP Area
47
Density / Sq Mi
$72,031
Median Household Income
$46,506
Median Earnings
$956
Median Rent
$213,000
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?
Duplex - R2 zoning permits single-family or two-unit multifamily residential use, with conversion permitting underway.
Where is this duplex located?
The property is located at 822 E Main Jamestown, IN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 2,400 SF finished main level and 2,400 SF unfinished basement; 0.45‑acre parcel with more than 10,000 SF of paved asphalt parking; R2 zoning allows single‑family or two‑unit multifamily residential use
More about this property
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