Coldwell Banker – Martin, Miller Lamb Real Estate

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$150,000
9 Days On Site

218 4th Street
North Vernon, IN 47265

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
1868
Built
Subdivision:
No Subdivision
County:
Jennings
Listing courtesy of 1 Percent Lists Indiana Real Estate (812) 344-0246
Call Now: 812-346-5881
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812-346-5881
218 4th Street218 4th Street
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Monthly Payment (Est.)

$684
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Value-Add 4-Unit Residential Investment | Cash Flow + Upside | Walkable Downtown Location This 4-unit residential investment property offers investors a rare combination of current income, immediate upside, and long-term appreciation potential in a strategic, walkable location near downtown. At full occupancy, the property generates $2,540 in monthly revenue, with one unit currently vacant, providing a clear opportunity for a buyer to increase income from day one. With targeted capital improvements, market rents support projected income of $3,000+ per month, making this an attractive cash-flowing asset and value-add play. The property is already supported by a high-quality, professional property management company, allowing for a passive ownership experience-ideal for both seasoned investors and those looking to scale without adding operational burden. Situated within walking distance to downtown, the property benefits from a location that continues to strengthen as the area sees ongoing public and private investment, supporting future rent growth and appreciation over time. Investment Highlights: 4-unit residential property $2,540/month at full occupancy One vacant unit provides immediate upside Market rent potential of $3,000+ per month Value-add opportunity through capital improvements Professional property management in place Walkable to downtown with long-term appreciation potential This is an excellent opportunity to acquire a stabilizing asset with built-in upside in a growing downtown corridor-perfect for investors seeking reliable cash flow today and equity growth tomorrow. For financials, additional details, or to schedule a showing, reach out today.

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Listing Snapshot
Price 
$150,000
Days On Site 
9 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
1868
MLS® Number 
22082490
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS®
General Features
Acres 
0.16
Additional Property Use 
Residential
Levels 
Two
Property Sub Type 
Quadruplex
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Community Features
MLS Area 
4005 - Jennings - Center
School District 
Jennings County School Corporation
Township 
Center
Schools
School District
Jennings County School Corporation
Elementary School
Unknown
Middle School
Jennings County Middle School
High School
Jennings County High School
Listing courtesy of 1 Percent Lists Indiana Real Estate (812) 344-0246



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-02-13 10:16 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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