Exceptional Investment Opportunity - 2 Parcels Near ISU & Casino Resort This is a rare chance to acquire two contiguous parcels just 5 minutes from Indiana State University and only minutes from the new Terre Haute Casino Resort - a duplex plus an adjacent vacant lot zoned for new construction or future expansion. Much of the heavy lifting has already been completed, including insulation, electrical upgrades, and exterior house wrap, ready for siding. With estimated rental income of $1,800-$2,000/month and an ARV of up to $140,000, this package offers a powerful combination of cash flow, equity upside, and development flexibility. Whether you're an investor targeting high rental demand near campus and casino traffic, or a developer looking for your next infill opportunity, this deal is ready to perform.
Active
Price cut: $15K (8/4)
$40,000
1447 Poplar St, Terre Haute, IN 47807
1beds
1baths
--sqft
Est.:
Multi Family, Duplex
Built in 1892
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Adjacent vacant lotExterior house wrapElectrical upgrades
- 15 days
- on Zillow |
- 200 |
- 4 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 09:00am
Listing Provided by:
Nicole Freeling 317-500-8757,
FFR Investors LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22052952

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Has basement: Yes
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,276.4 Square Feet
Details
- Additional parcels included: 840627204001.000002
- Parcel number: 840627204002000002
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Multi Family, Duplex
Materials
- Cement Siding
Condition
- Fixer
- New construction: No
- Year built: 1892
Community & HOA
Community
- Features: Low Maintenance Lifestyle
- Subdivision: C & C Rr Cos
Location
- Region: Terre Haute
Financial & listing details
- Tax assessed value: $63,600
- Annual tax amount: $994
- Date on market: 7/25/2025
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