408 N Jefferson ST, Converse, IN 46919
408 N Jefferson ST, Converse, IN 46919
408 N Jefferson ST, Converse, IN 46919
408 N Jefferson ST, Converse, IN 46919
408 N Jefferson ST, Converse, IN 46919
408 N Jefferson ST, Converse, IN 46919
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Jen Richardson

Jen Richardson

+1(812) 521-7361
Listed by Jonathan Preusz • Century 21 Bradley Realty Inc
$ 715,000
Est. payment | /mo

7,880 SqFt

Save
$ 715,000
Est. payment | /mo
Save

7,880 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,880 sqft

Price per Sqft $90

MLS Listing ID 22105809

Year Built 1970

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Multi-Family 5+

Property Description

14-Unit Apartment Complex | Prime Main Road Location | Value-Add Opportunity Prime investment opportunity in the heart of Converse! This well-maintained 14-unit apartment complex, situated directly on Jefferson Street, offers a stable, income-producing asset with immediate potential for forced appreciation. The property consists of three separate buildings (two triplexes and one 8-plex), providing a flexible and manageable layout. This complex is a true "Value-Add" play. Unit #1 is currently undergoing renovations; the majority of building materials have already been purchased and will convey with the sale, allowing the new owner to finish the project and realize immediate rental income upside. With 10 of the 14 units on the ground level, this property is highly desirable for tenants and maintains consistent demand. Key Property Highlights: * Unit Mix: (4) 2-Bedroom/1-Bath units; (10) 1-Bedroom/1-Bath units. * Property Composition: Three buildings (two triplexes, one 8-plex). 8-plex features a 2-story design with on-site laundry facilities for added monthly revenue. * On-site laundry room featuring commercial-grade machines. The equipment is provided and maintained by a third-party vendor-offering you steady, passive laundry income without the hassle of equipment repairs or maintenance. * Accessibility: Highly accessible design with 10 units featuring ground-level entry. * Prime Accessibility: Located directly on Jefferson St (Main Rd) in Converse. * Immediate Amenities: Situated adjacent to Dollar General for maximum tenant convenience. * Districts: Served by the well-regarded Oak Hill United School Corporation. * Maintenance: Significant capital expenditure already addressed with roofs replaced just 5 years ago. * Upside Potential: Unit #1 near completion-all materials on-site will be transferred to the buyer at closing. Don't miss this opportunity to acquire a turnkey portfolio with built-in equity potential.

Location

State IN

County Miami

Zoning Multi Family Residential

Interior

Fireplace N

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Building

Story Two

Foundation Crawl Space

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Middle Schools Oak Hill Junior High School

High Schools Oak Hill High School

School District Oak Hill United School Corp

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Jen Richardson

"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."

 

+1(812) 521-7361

jenrichardsonrealtor@gmail.com

905 E Tipton St, Seymour, IN 47274, USA

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408 N Jefferson ST