Active

Price cut: $20K (7/6)

$630,000

371 & 383 W 12th St, Peru, IN 46970

22beds

12,306sqft

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Multi Family

Built in 1880

-- sqft lot

$590,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Long-lasting metal roofsUpdated flooring

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

239 days

273

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 22
Bathrooms: 15
Full bathrooms: 15

Heating

Electric, Natural Gas

Cooling

Central Air, Window Unit(s)

Features

Flooring: Carpet, Laminate, Vinyl Tile
Basement: Crawl Space,Cellar

Interior area

Total structure area: 13,722
Total interior livable area: 12,306 sqft
Finished area above ground: 12,306
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Total spaces: 15
Parking features: Gravel, Parking Lot, Off Street, Off Street Parking

Features

Stories: 2
Pool features: In Ground

Lot

Size: 1.52 Acres
Features: Irregular Lot

Details

Additional structures: Shed(s)
Parcel number: 520828301054.000016

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Vinyl Siding
Foundation: Slab

Condition

New construction: No
Year built: 1880

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Subdivision: None

Location

Region: Peru

Financial & listing details

Annual tax amount: $6,240
Date on market: 11/22/2025
Inclusions: Building, Land, Lease
Lease term: Month To Month,12 Months
Total actual rent: 106308
Tenant pays: Electricity, Fuel
Road surface type: Asphalt

Estimated market value

$590,300

$561,000 - $620,000

$795/mo

Price history

Date	Event	Price
7/6/2026	Price change	$630,000-3.1%
Source: IRMLS #202547048 Report a problem
12/17/2025	Price change	$650,000-3.7%
Source: IRMLS #202547048 Report a problem
11/22/2025	Listed for sale	$675,000
Source: IRMLS #202547048 Report a problem

Public tax history

Tax history is unavailable.

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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