Pending

$524,900

812 8th Pl SW, Demotte, IN 46310

8beds

--sqft

$3,126/mo

Get pre-qualified

Apartment

Built in 1979

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Opportunity knocks! This fully occupied, four-unit apartment building is a great acquisition for your investment portfolio. Offered for sale by the original owner, the building is situated on an oversized corner lot and has been well maintained, including a brand-new roof installed in 2024.Each of the four units features a highly functional layout. The main floor offers a spacious living room, a half bath, dedicated laundry hookups, and an open kitchen equipped with a refrigerator, stove, and range hood. Sliding doors off the kitchen lead to a private rear patio. Upstairs, each unit provides two comfortable bedrooms and a full bathroom. Current rents are below market value, and all tenants are currently on month-to-month leases. This gives you the immediate opportunity to adjust rates or implement your own leasing structure to maximize cash flow . Multi-unit properties with this much upside and strong pride of ownership rarely hit the market--schedule your investment tour today!

7 days

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 4
1/2 bathrooms: 4

Heating

Forced Air, Natural Gas

Appliances

Included: Range Hood, Refrigerator
Laundry: Main Level

Features

Laminate Counters
Has basement: No
Has fireplace: No

Interior area

Finished area above ground: 4,320

Property

Parking

Total spaces: 8
Parking features: Asphalt, Paved, Driveway
Has uncovered spaces: Yes

Features

Levels: Two
Patio & porch: Patio
Exterior features: Rain Gutters
Pool features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 0.84 Acres
Features: Back Yard, Corner Lot

Details

Parcel number: 371527000006010025
Zoning description: Residential
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Condition

New construction: No
Year built: 1979

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Community & HOA

Community

Subdivision: Hickory Lane Sub

HOA

Has HOA: No

Location

Region: Demotte

Financial & listing details

Tax assessed value: $224,600
Annual tax amount: $2,463
Date on market: 8/10/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$3,678/mo

Price history

Date	Event	Price
8/15/2026	Pending sale	$524,900
Source: NIRA as distributed by MLS GRID #843723 Report a problem
8/10/2026	Listed for sale	$524,900
Source: NIRA as distributed by MLS GRID #843723 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,450 -6.7%	$224,600 +19.2%
2024	$2,626 -4.8%	$188,400 -8.2%
2023	$2,759 -4.8%	$205,200 +0.4%
2022	$2,900 -5.5%	$204,300 +3.4%
2021	$3,069 +2.2%	$197,600 -1%
2020	$3,005 +2.7%	$199,600 +1.2%
2019	$2,927 +6.3%	$197,300 +1.2%
2017	$2,753 +12%	$195,000 +1.2%
2016	$2,459 -2%	$192,600 +1%
2014	$2,508 +4%	$190,700 -0.1%
2013	$2,412 +8.6%	$190,800 +2.3%
2012	$2,222 -31.8%	$186,600 -27.5%
2011	$3,259 +12.8%	$257,400
2010	$2,888 -2.2%	$257,400
2009	$2,954	$257,400