This fully rented 8-plex is an incredible investment opportunity, offering steady income from day one. Each unit is occupied, providing immediate cash flow, while the property itself has a range of desirable features. A detached garage, already rented, along with a large carport for additional covered parking. Tenants enjoy the convenience of an in-building laundry facility located in the basement, making day-to-day living even easier. The charming covered front porch creates a welcoming entrance, adding to the character of this well-maintained building. With solid rental history and multiple income-generating spaces, this property is a must-see for any investor looking to expand their portfolio.
Active
$575,000
258 Main Ave #1-8, Frankfort, IN 46041
6beds
8,234sqft
Est.:
Eightplex
Built in 1890
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Detached garageCharming covered front porchLarge carportIn-building laundry facility
- 33 days
- on Zillow |
- 1,080 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: March 26, 2025 at 05:36am
Listed by:
Jazah J Jones Agt:765-670-9065,
BerkshireHathaway HS IN Realty
Source: IRMLS,MLS#: 202509549

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Full,Unfinished,Block
Interior area
- Total structure area: 10,622
- Total interior livable area: 8,234 sqft
- Finished area above ground: 8,234
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Carport, Detached, Garage, Gravel, Parking Lot, Off Street, Private, Unpaved, Other, Off Street Parking
- Garage spaces: 2
- Carport spaces: 3
- Covered spaces: 5
- Has uncovered spaces: Yes
Features
- Levels: Three Story
- Stories: 3
- Patio & porch: Porch Covered
Lot
- Size: 0.77 Acres
- Dimensions: 130x255
- Features: Irregular Lot, City/Town/Suburb
Details
- Additional structures: Second Garage
- Parcel number: 121010455018000021
- Zoning: R1
- Zoning description: 4-6 Family R 01
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Eightplex
Materials
- Vinyl Siding
- Foundation: Basement
- Roof: Shingle
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: Frankfort Munic. Util.
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Laundry Facilities
- Subdivision: None
Location
- Region: Frankfort
Financial & listing details
- Annual tax amount: $3,307
- Date on market: 3/24/2025
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: 12 Months
- Total actual rent: 52860
- Tenant pays: Electricity, Fuel
- Road surface type: Gravel
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