Turn Key Investment property. This well-maintained updated 4-plex offers an excellent investment opportunity with established, long-term tenants providing steady income. 3 tenants are on month-to-month leases, and one has a lease through 4/2025 allowing flexibility for new ownership decisions. Strong rental demand in this area ensures high occupancy. The property has easy access to US 31. Whether you're a seasoned investor or just starting, this property presents an ideal opportunity for reliable income with growth potential. All units include washers, dryers, refrigerators, and oven ranges. Recent updates include a New roof in 11/2024, a New HE commercial-grade water heater, and a New HE commercial-grade boiler heater.
Property Details
Property Features
Property Information:
Architectural Style: TraditonalAmerican
Year Built: 1920
Listing Office:
Office Name: Carpenter, REALTORS®
Office Email: spurdie@callcarpenter.com
Listing Agent: Shaquenta Purdie
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Exterior Information:
Exterior: Not Applicable
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: Window Unit(s)
Other
Directions Information:
Directions: GPS Friendly
Price Information
Listing Price Info
Price Summary:
List Price: $389,900
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Housing Market Comparison
See how this home compares to others in Tipton, IN.
This property is $183.4K more than the Median Sold Price in Tipton, IN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MIBOR
MLS Number: #22014296
Listing Office:
Office Name: Carpenter, REALTORS®
Office Email: spurdie@callcarpenter.com
Listing Agent: Shaquenta Purdie
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Tipton Elementary School
1099 S Main St
Distance between this listing and this school1.12 miles
Public District Grades PK-5
7
/10
Tri Central Elementary School
2115 W 500 N
Distance between this listing and this school6.07 miles
Public District Grades PK-5
5
/10
Hamilton Heights Elementary School
25150 State Road 19 # 400
Distance between this listing and this school9.05 miles
Public District Grades PK-4
Nearby Schools
4
/10
Tipton Middle School
817 S Main St
Distance between this listing and this school1.03 miles
Public District Grades 6-8
6
/10
Hamilton Heights Middle School
420 W North St - 609
Distance between this listing and this school7.56 miles
Public District Grades 5-8
3
/10
Taylor Middle School
3794 E 300 S
Distance between this listing and this school10.27 miles
Public District Grades 5-8
Nearby Schools
6
/10
Tipton High School
619 S Main St
Distance between this listing and this school0.88 miles
Public District Grades 9-12
5
/10
Tri Central Middle-High School
2115 W 500 N
Distance between this listing and this school6.15 miles
Public District Grades 6-12
8
/10
Hamilton Heights High School
25802 State Road 19
Distance between this listing and this school8.48 miles
The neighbors living near this home have an average income of $38,000. Most Tipton, IN residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 130 W N St in Tipton, IN and zip code 46072. This home, which was built in 1920, sits on a 0.16 acre lot. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $389,900.
Over 4 listings were sold over their listed price in November 2024 in Tipton, IN. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price. In November 2024 in Tipton, IN there were 17.6% less homes for sale than in October 2024. In November 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $206,500.
From Rocket Homes Real Estate and based on county public records data.