REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Peyton Nichols • RE/MAX Real Estate Solutions
$ 215,000
Est. payment | /mo
7,405 Sqft Lot
$ 215,000
Est. payment | /mo
7,405 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22083038
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Property Description
Solid 4-plex in Alexandria, IN - perfect value-add opportunity. The property features two 2-bedroom units and two 1-bedroom units. One 2-bedroom is currently rented at $750/month, providing immediate income, while the remaining three units are vacant and ready for turnover or rental advertising -ideal for increasing rents and maximizing cash flow. Strong bones, strong rental demand, and plenty of upside for an investor or owner-operator looking to force appreciation. Don't miss this income-producing opportunity with built-in growth potential.
Location
State IN
County Madison
Interior
Fireplace N
Exterior
Garage Spaces 1.0
Building
New Construction false
Schools
Elementary Schools Alexandria Monroe Elementary School
Middle Schools Alexandria-Monroe Jr./Sr. High School
School District Alexandria Community School Corp
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
Nearby Locations
"Finding the right home isn't just about the house, it's about the life you're going to build there.
I'm here to make sure you find it."