Strong income-producing triplex with great tenants in Petersburg! This fully occupied property features three units, including two 2-bedroom units and one 1-bedroom unit, all supported by a consistent rental history and expenses kept to a minimum. All units include appliances, updated kitchen cabinets, and have solid hardwood floors, giving a more resiliant option compared to other flooring types. Off-street parking adds additional tenant benefit and the storage area works out great for the property manager or owner to store equipment. This is a stabilized asset ideal for investors seeking reliable cash flow, low vacancy risk, and a solid addition to a growing portfolio. Don't miss this opportunity to step into an already performing property from day one and start your rental portfolio or add another quality asset to the list!
Active
$249,900
900 E Cherry St, Petersburg, IN 47567
5beds
2,316sqft
Triplex
Built in 1920
-- sqft lot
$237,300 Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingStorage areaUpdated kitchen cabinetsSolid hardwood floors
- 173 days
- 185
- 8
Zillow last checked:
Listing updated:
Listed by:
Tyler Simmons Cell:812-890-1827,
KLEIN RLTY&AUCTION, INC.
Source: IRMLS,MLS#: 202614906
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air, Multiple Heating Systems, High Efficiency Furnace
Cooling
- Central Air, Window Unit(s), Multi Units
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Bar, Eat-in Kitchen, Entrance Foyer, Kitchen Island
- Flooring: Laminate, Wood
- Basement: Crawl Space
Interior area
- Total structure area: 2,316
- Total interior livable area: 2,316 sqft
- Finished area above ground: 2,316
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Off Street, Off Street Parking
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered, Porch
- Fencing: None
Lot
- Size: 0.25 Acres
- Features: Corner Lot, Sloped, City/Town/Suburb
Details
- Additional structures: Outbuilding
- Parcel number: 630222740600.800012
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
- Utilities for property: Cable Connected
Green energy
- Energy efficient items: Appliances, HVAC, Water Heater
Community & HOA
Community
- Features: Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: None
Location
- Region: Petersburg
Financial & listing details
- Tax assessed value: $135,000
- Annual tax amount: $2,631
- Date on market: 4/24/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: Month To Month,12 Months,Renewal Option
- Total actual rent: 34800
- Tenant pays: Electricity, Fuel, Heating, Trash Collection
Estimated market value
$237,300
$225,000 - $249,000
$1,048/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | $249,900-5.7% |
Source:  IRMLS #202614906 Report a problem | ||
| 4/4/2026 | Listing removed | $265,000 |
Source: IRMLS #202540133 Report a problem | ||
| 3/13/2026 | Price change | $265,000-3.6% |
Source: IRMLS #202540133 Report a problem | ||
| 10/3/2025 | Listed for sale | $275,000+176.4% |
Source: IRMLS #202540133 Report a problem | ||
| 9/2/2018 | Listing removed | $99,500$43/sqft |
Source: CENTURY 21 Classic Realty #201439239 Report a problem | ||
| 9/2/2016 | Listed for sale | $99,500-15.5%$43/sqft |
Source: CENTURY 21 Classic Realty #201439239 Report a problem | ||
| 9/9/2014 | Listed for sale | $117,760$51/sqft |
Source: CENTURY 21 Classic Realty #201439239 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,582 +6.7% | $135,000 +4.6% |
| 2024 | $2,420 +11.1% | $129,100 +6.7% |
| 2023 | $2,178 +15.2% | $121,000 +11.1% |
| 2022 | $1,890 +5.6% | $108,900 +15.2% |
| 2021 | $1,790 +4.3% | $94,500 +5.6% |
| 2020 | $1,716 -13.6% | $89,500 +4.3% |
| 2019 | $1,987 +17.3% | $85,800 +1.4% |
| 2018 | $1,693 +0.6% | $84,600 +2.1% |
| 2017 | $1,683 -10.2% | $82,900 +0.6% |
| 2016 | $1,873 -3.2% | $82,400 +4.4% |
| 2014 | $1,936 +25.1% | $78,900 +1.9% |
| 2013 | $1,548 -0.9% | $77,400 -0.9% |
| 2012 | $1,562 +8.5% | $78,100 +8.5% |
| 2011 | $1,440 -0.7% | $72,000 -0.7% |
| 2010 | $1,450 -0.8% | $72,500 -0.8% |
| 2009 | $1,462 -25.8% | $73,100 +1.1% |
| 2007 | $1,971 -7.3% | $72,300 +0.1% |
| 2006 | $2,127 | $72,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 47567
Nearby schools
Schools provided by the listing agent
- Elementary: Petersburg
- Middle: Pike Central
- High: Pike Central
- District: Pike County School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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