Active

$3,000,000

2600 6th St, Bedford, IN 47421

88beds

34,212sqft

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Multi Family

Built in 1985

-- sqft lot

$2,703,500 Zestimate^®

$--/sqft

$-- HOA

What's special

Unit renovations

Great investment opportunity featuring a 44-unit apartment community comprised of 2BD/1BA units (~900 SF) across 10 buildings. Property maintains strong occupancy (~95%) with recent leases achieving $875–$895 per unit, plus a $50/month utility reimbursement for water, sewer, and trash. Tenants pay electric, providing low owner utility exposure. Current ownership has implemented a proven rent growth strategy, with continued opportunity to standardize remaining units and increase income. The property generates approximately $278,000+ in net operating income, offering an attractive ~9% cap rate at the current list price. Recent improvements include HVAC upgrades, unit renovations, and a new lift station (2020), reducing near-term capital expenditure needs. Additional updates throughout include flooring, paint, appliances, and mechanical improvements.

87 days

288

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 88
Bathrooms: 44
Full bathrooms: 44

Heating

Electric, Conventional

Cooling

Central Air

Appliances

Included: Electric Water Heater

Features

Laminate Counters
Flooring: Carpet, Laminate
Basement: Crawl Space,Block

Interior area

Total structure area: 34,212
Total interior livable area: 34,212 sqft
Finished area above ground: 34,212
Finished area below ground: 0

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Property

Parking

Total spaces: 88
Parking features: Parking Lot, Concrete
Has uncovered spaces: Yes

Features

Levels: One
Stories: 2
Patio & porch: Deck
Fencing: None

Lot

Size: 5.55 Acres
Features: Few Trees, City/Town/Suburb

Details

Additional structures: None
Parcel number: 470615100089.000010

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Vinyl Siding, Wood Siding
Roof: Shingle

Condition

New construction: No
Year built: 1985

Utilities & green energy

Electric: Duke Energy Indiana
Sewer: City
Water: City, Bedford City Utilities

Community & HOA

Community

Features: None
Subdivision: None

Location

Region: Bedford

Financial & listing details

Annual tax amount: $42,119
Date on market: 4/7/2026
Listing terms: Conventional,Other
Inclusions: Building, Land, Lease
Lease term: 12 Months
Total actual rent: 396840
Tenant pays: Cable TV, Cooling, Electricity, Water

Estimated market value

$2,703,500

$2.54M - $2.87M

$1,155/mo

Price history

Date	Event	Price
4/7/2026	Listed for sale	$3,000,000+30.7%
Source: IRMLS #202611761 Report a problem
1/20/2021	Listing removed	--
Source: IRMLS Report a problem
1/1/2021	Listed for sale	$2,295,000$67/sqft
Source: IRMLS #202100022 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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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.

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