Rare opportunity to purchase a package of five duplexes (18 total units) in Carthage, Indiana for $1,400,000. Price includes each property is listed individually at $155,555 per duplex, $77,777 per unit. Must be sold by the duplex. Seller is looking to sell as a complete portfolio. Every duplex features two bedrooms and one full bathroom, 798 sqft, with an average rent of $800 per unit, providing solid cash flow and strong rental demand. The properties are professionally managed by Dudley Property Management out of Greenfield, making this a turnkey investment. Located in the quiet rural town of Carthage, tenants enjoy small-town living with the convenience of nearby Greenfield and Shelbyville for shopping, dining, and employment. This is a rare chance to add 18 doors to your portfolio with income-producing properties that are already leased and operating. Package includes: 207-209 Winters Way, 210-212 Winters Way, 211-213 Winters Way, 301-303 Winters Way, 302-304 Winters Way, 305-307 Winters Way, 306-308 Winters Way, 309-311 Winters Way, and 310-312 Winters Way.
246 days
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12
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0
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Zillow last checked:
Listing updated:
Listed by:
Mel Coutz317-513-5092,
Highgarden Real Estate,
Lindsey Schrader317-385-5790,
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22058405
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Main level bathrooms: 35
Heating
Forced Air, Natural Gas
Cooling
Central Air
Appliances
Laundry: Connections All
Features
Has basement: No
Property
Parking
Parking features: On Street
Details: Unit Parking(On Street, Paved Area, Unpaved)
Features
Levels: One
Stories: 1
Lot
Size: 0.31 Acres
Features: Not In Subdivision
Details
Additional parcels included: See Addendum Attached to BLC
Parcel number: 700219209006000009
Special conditions: Package
Construction
Type & style
Home type: MultiFamily
Architectural style: Ranch,Traditional
Property subtype: Multi Family, Duplex
Attached to another structure: Yes
Materials
Vinyl Siding
Foundation: Crawl Space
Roof: Shingle
Condition
New construction: No
Year built: 1988
Community & HOA
Community
Security: Fire Alarm
Subdivision: No Subdivision
Location
Region: Carthage
Financial & listing details
Annual tax amount: $18,996
Date on market: 12/12/2025
Cumulative days on market: 246 days
Tenant pays: All Utilities, Insurance
Road surface type: Asphalt, Gravel
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/8/2026
Pending sale
$1,400,000
Source: MIBOR as distributed by MLS GRID #22058405Report a problem
12/12/2025
Listed for sale
$1,400,000
Source: MIBOR as distributed by MLS GRID #22058405Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.