For sale

Price cut: $5K (5/20)

$124,900

321 2nd St, Rising Sun, IN 47040

3beds

1,545sqft

$836/mo

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Multi Family

Built in 1900

-- sqft lot

$119,000 Zestimate^®

$81/sqft

$-- HOA

What's special

Fenced-in yard

Great opportunity in Rising Sun, Indiana! This multi-family property features both upper and lower units, offering flexibility for investors or owner-occupants alike. The lower unit is currently rented, providing immediate income, with lease details available upon request. Ideally located within walking distance to local amenities, this property offers convenience and strong rental appeal. Live in one unit while continuing to rent the other, or add it to your investment portfolio as a cash-flowing asset. Additional features include a fenced-in yard, perfect for added privacy and outdoor use. Whether you're looking to invest or offset your mortgage, this property presents a versatile and attractive opportunity!

91 days

564

34

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Electric, Natural Gas, Space Heater

Cooling

Ceiling Fan(s), Window Unit(s)

Appliances

Laundry: None

Features

Windows: Vinyl, Wood Frames
Basement: Cellar
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,154
Total interior livable area: 1,545 sqft

Property

Parking

Parking features: On Street, No Garage
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Frontage length: 0

Lot

Size: 6,098 Square Feet

Details

Parcel number: 580602002022000004

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Stone
Roof: Metal

Condition

Year built: 1900

Utilities & green energy

Gas: Natural
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Rising Sun

Location

Region: Rising Sun

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $100,600
Annual tax amount: $1,944
Date on market: 4/29/2026
Total actual rent: 750
Tenant pays: Electricity, Gas
Road surface type: Paved

Estimated market value

$119,000

$112,000 - $125,000

$1,413/mo

Price history

Date	Event	Price
5/20/2026	Price change	$124,900-3.8%$81/sqft
Source: MLS of Southeastern Indiana #207336 Report a problem
4/29/2026	Listed for sale	$129,900$84/sqft
Source: MLS of Southeastern Indiana #207336 Report a problem
4/4/2026	Listing removed	$129,900$84/sqft
Source: Huff Realty #204767 Report a problem
11/12/2025	Price change	$129,900-13.3%$84/sqft
Source: MLS of Southeastern Indiana #204767 Report a problem
4/4/2025	Listed for sale	$149,900+114.1%$97/sqft
Source: MLS of Southeastern Indiana #204767 Report a problem
10/14/2020	Sold	$70,000-7.8%$45/sqft
Source: Cincy MLS #1663294 Report a problem
7/28/2020	Pending sale	$75,900$49/sqft
Source: Fehrman Realty #1663294 Report a problem
5/29/2020	Listed for sale	$75,900+38.3%$49/sqft
Source: Fehrman Realty #192826 Report a problem
11/5/2015	Listing removed	$54,900$36/sqft
Source: River Ridge Realtors #284204 Report a problem
8/27/2015	Price change	$54,900-8.3%$36/sqft
Source: River Ridge Realtors #284204 Report a problem
7/3/2015	Listed for sale	$59,900$39/sqft
Source: River Ridge Realtors #284204 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,876 +10.6%	$100,600 +7.2%
2024	$1,696 +23.4%	$93,800 +10.6%
2023	$1,375 -0.9%	$84,800 +15.5%
2022	$1,387 +11.1%	$73,400 +15.4%
2021	$1,249 +124.3%	$63,600 +6%
2020	$557 +22.9%	$60,000
2019	$453 +5.7%	$60,000 +17.6%
2018	$429 -0.5%	$51,000 +2.4%
2017	$431 -5.6%	$49,800 -1.6%
2016	$456 +250.9%	$50,600 +9.5%
2014	$130 +7.5%	$46,200 -0.2%
2013	$121 -18.9%	$46,300 +1.1%
2012	$149 -73.1%	$45,800 -3.8%
2011	$555 +2.2%	$47,600
2010	$543 +12.7%	$47,600 -3.6%
2009	$482 -17.8%	$49,400 -4.4%
2006	$586	$51,700 +44.4%
2005	--	$35,800

Find assessor info on the county website

Monthly payment

Est. payment

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.

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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Climate risks

Neighborhood: 47040

Getting around

54 / 100

Somewhat Walkable

41 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Ohio County Elementary-Middle School
Grades: PK-5Distance: 0.3 mi
4/10
Ohio County Middle School
Grades: 6-8Distance: 0.3 mi
6/10
Rising Sun High School
Grades: 9-12Distance: 0.2 mi

Schools provided by the listing agent

Elementary: Ohio County Elementa
High: Rising Sun High Scho
District: Rising Sun - Ohio Co

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