MAKE THIS THE YEAR TO GO INTO THE RENTAL BUSINESS! 5 DUPEXES NEAR CATARACT LAKE WITH 10 UNITS ON OVER 6 ACRES, SOME OF WHICH BORDERS GOVERNMENT GROUND AND POSSIBLY MORE ROOM TO BUILD MORE DUPLEXES ON THIS PROPERTY! These could convert easily to 4BR 2BA homes but the rental income is there! Seller is currently remodeling units as tenants go out and raising rents to a reasonable amount. The need for rentals is ALWAYS THERE AND THIS IS DOWN BY THE LAKE! Go boating, fishing and swimming! The state boat dock launch ramp is down the road with a little country diner who had donuts and GREAT BISCUITS AND GRAVY last time I stopped. The 2 duplexes on State Hwy 42 are part of a HOA that a possibility of renting a boat dock if there was an opening. Rhetta Jeans at Poland for breakfast so East or West you got good food covered! I-70 is a great commute for Indy, Bloomington, Terre Haute and you get to be down by one of the most beautiful lakes in Indiana! Employment for your tenants can be found at the factories within 30 minutes away. Additional almost 4 acres can be bought that is adjacent to the duplexes for $65,000 and has the MOST BEAUTIFUL BUILDING SITE ON IT THAT THRU THE LEAVES YOU GET TO SEE THE LAKE BECAUSE IT BORDERS HARD TO FIND GOVERNMENT PROPERTY! Cataract water. Endeavor High Speed Fiber Internet! 2 Hardware stores with lumber within 15 minutes for project runs! This is the place to start your next investment!
Active
$750,000
10870 Private Road 570 W, Poland, IN 47868
20beds
10baths
--sqft
Est.:
Multi Family, Duplex
Built in 1986
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Beautiful building siteRemodeling units
- 107 days
- on Zillow |
- 246 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: July 12, 2025 at 10:12am
Listing Provided by:
Beth Neeley 765-376-6240,
Down Home Real Est & Auction
Source: MIBOR as distributed by MLS GRID,MLS#: 22035165

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 10
Heating
- Baseboard
Cooling
- Window Unit(s)
Features
- Has basement: No
Property
Lot
- Size: 6.02 Acres
Details
- Additional parcels included: 600329200090720019
- Parcel number: 600329400200110019
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1986
Details
- Builder name: Stanfield
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Poland
Financial & listing details
- Tax assessed value: $226,600
- Annual tax amount: $9,130
- Date on market: 4/27/2025
- Tenant pays: Electricity
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