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Listed price in listed location currency (USD).
$285,500

000

MLS® 22091411

Overview

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 4
Approx. Age 
MLS® Number 22091411

Property Address: 2333 N 14th St, Terre Haute, IN, 47804-2600

Average square foot calculated using Size range provided by listing agent.

Description

6-unit brick multifamily in Terre Haute, IN. All major systems replaced in 2021 (plumbing, electrical, roof, HVAC, water heaters) 3 units renovated in 2025. Electric separately metered - tenants pay own electric. 5 of 6 units occupied with $3, 315/month in-place rents. Unit 5 vacant - immediate lease-up upside. Water/sewer currently owner-paid with no recapture - new owner can implement flat fee billing and push NOI with zero capex. Diverse unit mix: 13BR, 22BR, 31BR. Located in a 4-university market (Indiana State, Rose-Hulman, Saint Mary-of-the-Woods, Ivy Tech). 8.9 cap rate on stabilized NOI. Pro-forma 9 with Unit 5 leased and utility recapture in place.
MLS® Number22091411
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 25, 2026List Date
$285,500List Price

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