Investment Opportunity: 4-Plex with Room to Expand!
This well-positioned 4-plex features two buildings, each with 2 units, and offers a blend of stability and growth potential. Each unit includes:
*3 bedrooms
*1 full bath & 1 half bath
*Kitchen with appliances & ample cabinetry
*Living room with natural light
*In-unit laundry room
*Private porch or deck
Three of the four units are tenant-occupied, providing immediate rental income. The vacant unit has been recently updated with:
Fresh interior paint
New luxury vinyl plank flooring
Updated bathroom fixtures (including double vanity, lighting, and mirrors)
Modern light fixtures and ceiling fans
The property sits on a large lot backing to woods, with ample parking and room to build additional units for future expansion. This combination of current cash flow and long-term development potential makes it an excellent investment opportunity.
Sold for $469,690
$469,690
1517 & 1521 Main Street, Charlestown, IN 47111
12beds
4,480sqft
Quadruplex, Multi Family
Built in 2005
-- sqft lot
$469,000 Zestimate®
$105/sqft
$1,083 Estimated rent
Home value
$469,000
$324,000 - $680,000
$1,083/mo
Zestimate® history
Owner options
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$1,083/mo
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$1,083/mo
Rent Zestimate®
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$2,906/mo
Est. payment
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$2,906/mo
Est. payment
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List your homeWhat's special
Ample parkingIn-unit laundry roomPrivate porch or deckBacking to woodsLarge lotFresh interior paintUpdated bathroom fixtures
Zillow last checked:
Listing updated:
Listed by:
Matt Lincoln,
Schuler Bauer Real Estate Services ERA Powered (N,
Barbara Popp,
Schuler Bauer Real Estate Services ERA Powered (N
Bought with:
Keevan Miller, RB22000507
Keller Williams Realty Consultants
Source: SIRA,MLS#: 2025011291
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 16
- Full bathrooms: 8
- 1/2 bathrooms: 8
Primary bedroom
- Description: in each of the 4 units
- Level: Second
Bedroom
- Description: in each of the 4 units
- Level: Second
Bedroom
- Description: in each of the 4 units
- Level: Second
Dining room
- Description: in each of the 4 units
- Level: First
Other
- Description: in each of the 4 units
- Level: Second
Half bath
- Description: in each of the 4 units
- Level: First
Kitchen
- Description: in each of the 4 units
- Level: First
Living room
- Description: in each of the 4 units
- Level: First
Other
- Description: laundry - in each of the 4 units
- Level: First
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Ceiling Fan(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,480
- Total interior livable area: 4,480 sqft
- Finished area above ground: 4,480
- Finished area below ground: 0
Property
Parking
- Details: Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.45 Acres
Details
- Additional parcels included: 100311800152000003
- Parcel number: 100311800126000003
- Zoning: Residential,Multi Family
- Zoning description: Residential,Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Charlestown
Financial & listing details
- Price per square foot: $105/sqft
- Annual tax amount: $10,523
- Date on market: 9/22/2025
- Cumulative days on market: 105 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2026 | Sold | $469,690$105/sqft |
Source:  SIRA #2025011291 Report a problem | ||
| 9/22/2025 | Listed for sale | $469,690$105/sqft |
Source: SIRA #2025011291 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47111
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Nearby schools
GreatSchools rating
- 7/10Jonathan Jennings Elementary SchoolGrades: 3-5Distance: 0.4 mi
- 8/10Charlestown Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Charlestown Senior High SchoolGrades: 9-12Distance: 0.6 mi
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$469,000
2% more
+$9,380
With Zillow Showcase(estimated)
$478,380
- Indiana
- Clark County
- Charlestown
- 47111
- 1517 & 1521 Main Street
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