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  • $289,900

    1212 Pearl St, Columbus, IN 47201

    4beds
    4baths
    --sqft
    : 
    Multi Family, Quadruplex
    Built in 1885
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Welcome to this outstanding investment opportunity in the heart of downtown Columbus. Located at 1212 Pearl St, this multi-family property offers four separate rental units, making it an attractive option for investors seeking steady rental income. The property consists of three units in the main building plus a charming carriage house, all currently occupied by long-term tenants - a strong indicator of the property's appeal and rental potential. Smart utility management is already in place with separately metered electric and gas services for each unit, allowing for straightforward tenant billing. The owner covers water expenses, simplifying the utility arrangement for both landlord and residents. The downtown location is a major selling point, putting tenants within easy reach of Columbus's shopping, dining, and entertainment options. This prime positioning helps ensure consistent tenant interest and supports long-term property value. For investors looking to expand their portfolio, this turnkey property offers immediate income potential with its existing tenant base. The multi-unit setup provides built-in risk mitigation through income diversification, while the established utility systems and property management structure make for straightforward administration. Don't miss this chance to acquire a well-maintained, fully-occupied investment property in a desirable downtown location. With its proven rental history and strategic position, this Pearl Street property represents an excellent opportunity to establish or expand your real estate investment portfolio.
    39 days
    on Zillow
    |
    1,013
    |
    37
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 07:48am

    Listing Provided by:

    Sarah Hager hagerse13@gmail.com,

    Dean Wagner LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22027378MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 9,147.6 Square Feet
    Details
    • Parcel number: 039524130005200005
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Condition
    • New construction: No
    • Year built: 1885

    Community & HOA

    Community
    • Subdivision: No Subdivision
    Location
    • Region: Columbus

    Financial & listing details

    • Tax assessed value: $180,000
    • Annual tax amount: $4,048
    • Date on market: 3/18/2025
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