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3-Unit Triplex with Storage

900 E Cherry Street, Petersburg, IN 47567

For Sale
$249,900

INVESTMENT, Two Story, Petersburg, IN

Property Size2,316 SF
Lot Size0.25 Acres
Price / SF$107.90
Days on Market205

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 5, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3
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

Additional Details

Tenant in Place Yes

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 Multi Units, Central Air

Amenities

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 IN RB14039924INDIANA
Added: Apr 23 Changed: Nov 10 Last Checked: Nov 13 at 11:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This 2,316-square-foot triplex in Petersburg contains three apartments: two with two bedrooms each and one with a single bedroom. Appliances and updated kitchen cabinets are included in all units. The property also has a storage area and off-street parking. Built in 1920, the building sits on a 0.25-acre parcel in Pike County, Indiana.

Key Highlights

  • Three apartments: two 2‑bedroom units and one 1‑bedroom unit
  • 2,316 square feet on a 0.25‑acre parcel
  • Updated kitchen cabinets and appliances in every unit

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

293
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
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

Frequently Asked Questions

What type of property is this?
Triplex - The property includes off-street parking and a separate area for equipment storage.
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 apartments: two 2‑bedroom units and one 1‑bedroom unit; 2,316 square feet on a 0.25‑acre parcel; Updated kitchen cabinets and appliances in every unit
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