UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,128 sqft
Price per Sqft $186
MLS Listing ID 2026010211
Style One Story
Bedrooms 2
Full Baths 2
Abv Grd Liv Area 1,128
Year Built 1990
Annual Tax Amount $3,168
Lot Size 9,909 Sqft
Acres 0.2275
Property Sub-Type Duplex
Property Description
pedestrian bridge into Louisville, in the heart of Jeffersonville's historic riverfront corridor. Built in 1990, this two-unit
duplex is newer than most of the surrounding 1920s to 1950s multifamily stock and comes 100% occupied at $1,500 per
month in combined rent. Unit 2 is leased through July 2027 at $850 per month, the confirmed market rate: the same unit
rented in June 2026, five days on market, at full asking rent. Unit 1 sits below market on an at-will lease at $650 per
month, leaving roughly $2,400 a year in additional income once that unit turns over. Public water and sewer, central air,
and warm-air heat keep operations simple. At $210,000, the property prices at an estimated 4.83% cap rate and an 11.67
gross rent multiplier on current rent, with room to grow. Spring Street, the Saturday farmers market, and the Ohio River
Scenic Byway are all a short walk away. Full rent roll and tax detail available on request. There is also additional rental
income properties available if interested. Call Listing Agent for more details and to schedule a showing.
Location
State IN
County Clark
Zoning Residential
Direction I-65 to W Court Ave, Right on Spring St, Left on E Market St, House is on Right 1-1/2 Blocks Down.
Interior
Interior Features Bath in Primary Bedroom, Main Level Primary, Utility Room, Window Treatments
Heating Forced Air
Cooling Central Air
Fireplace No
Window Features Blinds
Appliance Oven, Range, Refrigerator
Laundry Main Level, Other
Exterior
Parking Features No Garage
Community Features Sidewalks
Water Access Desc Connected,Public
Roof Type Shingle
Street Surface Paved
Building
Dwelling Type Duplex
Entry Level One
Foundation Slab
Water Connected, Public
Architectural Style One Story
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Tax ID 19000100060
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "
8610 Chapel Hill Court, Charlestown, Indiana 47130, USA
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