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.
Active
$630,000
371 & 383 W 12th St, Peru, IN 46970
22beds
12,306sqft
Multi Family
Built in 1880
-- sqft lot
$586,500 Zestimate®
$--/sqft
$-- HOA
What's special
Long-lasting metal roofsUpdated flooring
- 326 days
- 224
- 14
Zillow last checked:
Listing updated:
Listed by:
Cherie Smith Cell:765-438-5971,
True Realty
Source: IRMLS,MLS#: 202547048
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
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
$586,500
$557,000 - $616,000
$804/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $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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Neighborhood: 46970
Nearby schools
Schools provided by the listing agent
- Elementary: Elmwood/Blair Pointe
- Middle: Peru
- High: Peru
- District: Peru Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
