Active

$139,900

432 W High St, Montpelier, IN 47359

4beds

2,471sqft

$988/mo

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Duplex

Built in 1970

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Fenced yardTwo-car detached garageAmple off-street parkingNice hardwood floors

Turn-key investment opportunity in Montpelier, Indiana. This two-unit duplex is ready to rent from day one, with each unit offering two bedrooms and one full bath. It has been very well cared for. Both units feature nice hardwood floors and appliances and window air conditioners stay with the property. All utilities are separately split — including water — which keeps the ownership side simple. Outside you'll find ample off-street parking, a two-car detached garage, and a fenced yard. For a buyer with different plans, the layout could easily be converted back into a single-family home. Whether you're adding to an existing portfolio or buying your first rental, this one is worth a look.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

Window Unit(s)

Features

Flooring: Wood
Basement: Partial

Interior area

Total structure area: 2,835
Total interior livable area: 2,471 sqft
Finished area above ground: 2,471
Finished area below ground: 0

Property

Parking

Total spaces: 4

Features

Levels: Two
Stories: 2
Fencing: Fenced

Lot

Size: 6,969 Square Feet
Dimensions: 50x140
Features: 0-2.9999

Details

Additional structures: None
Parcel number: 050204403017.000002
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Vinyl Siding
Foundation: Other

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Subdivision: Other

Location

Region: Montpelier

Financial & listing details

Tax assessed value: $56,000
Annual tax amount: $1,120
Date on market: 9/4/2026
Inclusions: Building, Land
Lease term: None
Total actual rent: 0
Tenant pays: Electricity, Heating, Sewer, Water

Estimated market value

Not available

Estimated sales range

Not available

$787/mo

Price history

Date	Event	Price
9/4/2026	Listed for sale	$139,900
Source: IRMLS #202636641 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,120 +3.1%	$56,000
2024	$1,086 +6.9%	$56,000 +3.1%
2023	$1,016 -2.7%	$54,300 +6.9%
2022	$1,044 +31.8%	$50,800 -2.7%
2021	$792	$52,200 +31.8%
2020	$792 -18.5%	$39,600
2019	$972 +12.5%	$39,600 -18.5%
2018	$864	$48,600 +12.5%
2017	$864 -0.3%	$43,200
2016	$867 -1.7%	$43,200 +9.1%
2014	$882 +22.5%	$39,600 +10%
2013	$720 +0%	$36,000
2012	$720 +7.5%	$36,000 +7.5%
2011	$670 -9.2%	$33,500 -9.2%
2010	$738 -12.6%	$36,900 -12.6%
2009	$844	$42,200 -30.5%
2007	--	$60,700 +15.6%
2006	--	$52,500 +1.5%
2004	--	$51,700