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Three-Unit Triplex with Off-Street Parking
For Sale
$249,900

900 E Cherry Street, Petersburg, IN 47567

MULTI_FAMILY - Other - Petersburg, IN

Property Size2,316 SF
Lot Size0.25 Acres
Price / SF$107.90
Days on Market119

Property Features for 900 E Cherry Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5
Parking 4
Parking features Off Street
Fireplace 1
Lot features City/ Town/ Suburb, Corner, Slope
Elementary school Petersburg
Middle school Pike Central
High school Pike Central
Elementary school district Pike County School Corp.
Middle school district Pike County School Corp.
High school district Pike County School Corp.
Directions SR 61, on the corner of 61 and Cherry Street.
Subdivision Pike County
Standard status Active
APN 63-02-22-740-600.800-012
Size 2,316 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 25
Tax Description 012 00596 00 ORIG 22
Tax Annual Amount 2850
Legal Description 012 00596 00 ORIG 22

Utilities

Cooling system Central Air, Multi Units

Amenities

appliances
updated kitchen cabinets
hardwood floors
off-street parking
storage area

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Flooring type Laminate, Wood
Roof type Asphalt
Architectural style Other
Listing Agency: KLEIN RLTY&AUCTION, INC.
Listed By: Tyler Simmons · License #RB14039924INDIANA
Added: Apr 23 Changed: Aug 11 Last Checked: Aug 19 at 9:06AM
MLS# 202614906

Copyright © 2026 Southwest Indiana 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 three-unit triplex includes two 2-bedroom units and one 1-bedroom unit. The property is fully occupied and each unit includes appliances. Interior finishes include wood and laminate flooring, and updated kitchen cabinets are included in the units. Cooling is provided via central air across the multi-unit structure.

The triplex includes off-street parking, along with a storage area. A fireplace is indicated, and the roof is listed as asphalt. The property was built in 1920.

Set on a 0.25-acre lot with a total property size of 2,316 square feet, this triplex offers a compact, income-oriented residential configuration with dedicated parking and in-unit amenities.

Key Highlights

  • Three units: two 2‑bedroom units and one 1‑bedroom unit
  • Fully occupied triplex configuration
  • Central air cooling

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Dental Office (Bike/Boat/Book/etc) Store HVAC Service

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

245
Businesses Nearby

Demographics for 47567, IN

5,804
Population
2,750
Households
2.1
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
115.5 sq mi
ZIP Area
50
Density / Sq Mi
$64,890
Median Household Income
$45,378
Median Earnings
$643
Median Rent
$130,700
Median Home Value

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?
Triplex - Triplex with three units, central air, wood and laminate flooring, and off-street parking.
Where is this triplex located?
The property is located at 900 E Cherry Street Petersburg, IN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three units: two 2‑bedroom units and one 1‑bedroom unit; Fully occupied triplex configuration; Central air cooling
More about this property
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