220 16Th St Terre Haute, IN 47807
This exceptional mixed-use property, located at 220 S 16th St, Terre Haute, IN 47807, presents a unique investment opportunity. Built in 1900, this one-story home sits on a spacious 5,394 square foot lot and offers significant upside potential. The main house boasts three bedrooms and one bathroom, complemented by a cozy fireplace in the main living area, a large kitchen, and a substantial bonus room. An unfinished basement provides ample storage space. The true gem of this property lies in its attached structure, ideal for a variety of uses. Imagine a home office, daycare center, or even a ballet/gymnastics school thriving in this versatile space. The property also includes a convenient two-car garage. This traditional American home is situated in the heart of Terre Haute, offering easy access to local amenities and services. Priced at $49,900, this property represents a compelling opportunity for investors seeking a blend of residential and commercial potential. Don't miss the chance to own this versatile and charming property with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.