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.
Closed
$420,000
258 Main Ave #1-8, Frankfort, IN 46041
6beds
8,234sqft
Multi Family
Built in 1890
-- sqft lot
$433,100 Zestimate®
$--/sqft
$1,106 Estimated rent
Home value
$433,100
Estimated sales range
Not available
$1,106/mo
Zestimate® history
Owner options
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$2,501/mo
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List your homeWhat's special
Detached garageCharming covered front porchLarge carportIn-building laundry facility
Zillow last checked:
Listing updated:
Listed by:
Jazah J Jones Agt:765-670-9065,
BerkshireHathaway HS IN Realty
Bought with:
Scott Irons, RB18002219
Snyder Strategy Realty, Inc
Source: IRMLS,MLS#: 202509549
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: 10,262
- Total interior livable area: 8,234 sqft
- Finished area above ground: 8,234
- Finished area below ground: 0
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: Multi Family
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
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Sold | $420,000-6.5% |
Source:  IRMLS #202509549 Report a problem | ||
| 8/5/2025 | Pending sale | $449,000 |
Source: IRMLS #202509549 Report a problem | ||
| 7/25/2025 | Price change | $449,000-5.5% |
Source: IRMLS #202509549 Report a problem | ||
| 5/28/2025 | Price change | $474,900-4.9% |
Source: IRMLS #202509549 Report a problem | ||
| 5/12/2025 | Price change | $499,500-9.2% |
Source: IRMLS #202509549 Report a problem | ||
| 5/6/2025 | Price change | $549,900-4.4% |
Source: IRMLS #202509549 Report a problem | ||
| 3/24/2025 | Listed for sale | $575,000 |
Source: IRMLS #202509549 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46041
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Nearby schools
GreatSchools rating
- 5/10Green Meadows Intermediate ElementaryGrades: 3-5Distance: 0.6 mi
- 7/10Frankfort Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Frankfort Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Blue Ridge / Green Meadows
- Middle: Frankfort
- High: Frankfort
- District: Community Schools of Frankfort
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Clinton County
- Frankfort
- 46041
- 258 Main Ave Unit 1-8
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