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Under contract
  • Price cut: $9.1K (6/5)
    $159,900

    1017 9th St, Tell City, IN 47586

    5beds
    --sqft
    : 
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    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Oversized combined lotGorgeous oversized double lot
    OWNER WANTS AN OFFER! Attention investors! Attention families seeking a home with an in‑law suite! Welcome to "Green Acres"-a rare and highly profitable multi‑unit opportunity in Tell City, Indiana, offering four income‑producing rentals across two deeded lots on one beautifully maintained property. This versatile property includes: a duplex with two spacious 2‑bedroom apartments (upstairs/downstairs), a separate 400 sq ft tiny home with its own yard space, a two‑story, three‑car garage currently rented by a contractor-ideal for continued rental income or conversion into a workshop, studio, or small business, a newer shed for additional storage, and an oversized combined lot with buildable space in front of the tiny home and beside the duplex-perfect for adding another house, duplex, or additional income‑producing structure. For the past 12 years, this property has maintained an exceptional 97% occupancy rate (3 of the 4 tenants are reliable long term renters) and has generated over $135,000 in profit. It has four separate rental streams, and each unit is individually metered, allowing tenants to handle their own utilities-maximizing your net income. Upstairs Apartment was totally remodeled 12 years ago and still looks like new. The Tell City rental market continues to strengthen, and there is clear room to increase rents to align with current market rates. The owners have kept meticulous records of all repairs, maintenance, and financials, including detailed Schedule E documentation, which they are happy to provide to serious buyers. This is an invaluable resource for underwriting and long‑term planning. Major updates include: Foundation repair following a frozen pipe incident in the duplex crawl space, and new water heater and furnace for the downstairs duplex unit (both less than 2 years old). These improvements mean stronger structural integrity and reduced near‑term capital expenditures. All buildings have been well cared for and sit on a gorgeous, oversized double lot with expansion potential-making this a standout opportunity for both seasoned investors and owner‑occupants seeking supplemental income. Don't miss this rare chance to acquire a high‑performing, low‑vacancy, multi‑unit property with proven cash flow and significant upside potential.
    152 days
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    207
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Joyce Stath 812-719-1230,

    Local Market Realty Team

    Source: My State MLS,MLS#: 11637113

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Kitchen
      • Features: Eat-in Kitchen
      Basement
      • Area: 0
      Heating
      • Has Heating (Unspecified Type)
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 2,872
      • Finished area above ground: 2,872

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Stories: 2
      Lot
      • Size: 0.27 Acres
      Details
      • Parcel number: 0090207300 LOTS 23, 24, S 5' LOT 22 B
      • Lease amount: $0

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Electric: Amps(0)
      • Sewer: Municipal
      • Water: Municipal

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Tell City

      Financial & listing details

      • Tax assessed value: $151,000
      • Annual tax amount: $2,860
      • Date on market: 2/2/2026
      • Date available: 01/26/2026
      • Listing agreement: Exclusive

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $956/mo

        Price history

        DateEventPrice
        6/19/2026Contingent$159,900
        Source: My State MLS #11637113 Report a problem
        6/5/2026Price change$159,900-5.4%
        Source: My State MLS #11637113 Report a problem
        5/9/2026Price change$169,000-5.3%
        Source: My State MLS #11637113 Report a problem
        4/8/2026Price change$178,500-2.9%
        Source: My State MLS #11637113 Report a problem
        2/2/2026Listed for sale$183,900-2.7%
        Source: My State MLS #11637113 Report a problem
        1/18/2026Listing removed$189,000
        Source: My State MLS #11576775 Report a problem
        9/18/2025Listed for sale$189,000-5.5%
        Source: My State MLS #11576775 Report a problem
        9/6/2025Listing removed$199,900
        Source: My State MLS #11540178 Report a problem
        9/2/2025Price change$199,900-8.7%
        Source: My State MLS #11540178 Report a problem
        7/21/2025Listed for sale$219,000
        Source: My State MLS #11540178 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,600 +0.5%$151,000 +16.2%
        2024$2,586 +5.5%$130,000 +0.5%
        2023$2,452 +5.7%$129,300 +5.5%
        2022$2,320 +6.9%$122,600 +5.7%
        2021$2,170 -2.3%$116,000 +6.9%
        2020$2,220 +0.8%$108,500 -2.3%
        2019$2,202 +2.2%$111,000 +0.8%
        2018$2,154 -1.5%$110,100 +2.2%
        2017$2,186 $107,700 +0.1%
        2016$2,186 -1.7%$107,600 -3.2%
        2014$2,224 +88.5%$111,200 +88.5%
        2013$1,180 -41.3%$59,000 -41.3%
        2011$2,010 -4.5%$100,500 -4.5%
        2010$2,104 $105,200
        2009$2,104 $105,200

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 47586

        Getting around

        60 / 100
        Somewhat Walkable
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Tell City-troy Twp School Corp

        Source: My State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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