Great opportunity in Rising Sun, Indiana! This multi-family property features both upper and lower units, offering flexibility for investors or owner-occupants alike. The lower unit is currently rented, providing immediate income, with lease details available upon request. Ideally located within walking distance to local amenities, this property offers convenience and strong rental appeal. Live in one unit while continuing to rent the other, or add it to your investment portfolio as a cash-flowing asset. Additional features include a fenced-in yard, perfect for added privacy and outdoor use. Whether you're looking to invest or offset your mortgage, this property presents a versatile and attractive opportunity!
For sale
$124,900
321 2nd St, Rising Sun, IN 47040
3beds
1,545sqft
Multi Family
Built in 1900
-- sqft lot
$119,600 Zestimate®
$81/sqft
$-- HOA
What's special
Fenced-in yard
- 118 days |
- 477 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Jeff A. McGownd,
Keller Williams Realty Service
Source: MLS of Southeastern Indiana,MLS#: 207336
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Natural Gas, Space Heater
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Laundry: None
Features
- Windows: Vinyl, Wood Frames
- Basement: Cellar
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,154
- Total interior livable area: 1,545 sqft
Property
Parking
- Parking features: On Street, No Garage
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Frontage length: 0
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 580602002022000004
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Metal
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Rising Sun
Location
- Region: Rising Sun
Financial & listing details
- Price per square foot: $81/sqft
- Tax assessed value: $100,600
- Annual tax amount: $1,944
- Date on market: 4/29/2026
- Total actual rent: 750
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Estimated market value
$119,600
$112,000 - $126,000
$1,339/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Price change | $124,900-3.8%$81/sqft |
Source: MLS of Southeastern Indiana #207336 Report a problem | ||
| 4/29/2026 | Listed for sale | $129,900$84/sqft |
Source: MLS of Southeastern Indiana #207336 Report a problem | ||
| 4/4/2026 | Listing removed | $129,900$84/sqft |
Source:  Huff Realty #204767 Report a problem | ||
| 11/12/2025 | Price change | $129,900-13.3%$84/sqft |
Source: MLS of Southeastern Indiana #204767 Report a problem | ||
| 4/4/2025 | Listed for sale | $149,900+114.1%$97/sqft |
Source: MLS of Southeastern Indiana #204767 Report a problem | ||
| 10/14/2020 | Sold | $70,000-7.8%$45/sqft |
Source:  Cincy MLS #1663294 Report a problem | ||
| 7/28/2020 | Pending sale | $75,900$49/sqft |
Source: Fehrman Realty #1663294 Report a problem | ||
| 5/29/2020 | Listed for sale | $75,900+38.3%$49/sqft |
Source: Fehrman Realty #192826 Report a problem | ||
| 11/5/2015 | Listing removed | $54,900$36/sqft |
Source: River Ridge Realtors #284204 Report a problem | ||
| 8/27/2015 | Price change | $54,900-8.3%$36/sqft |
Source: River Ridge Realtors #284204 Report a problem | ||
| 7/3/2015 | Listed for sale | $59,900$39/sqft |
Source: River Ridge Realtors #284204 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,876 +10.6% | $100,600 +7.2% |
| 2024 | $1,696 +23.4% | $93,800 +10.6% |
| 2023 | $1,375 -0.9% | $84,800 +15.5% |
| 2022 | $1,387 +11.1% | $73,400 +15.4% |
| 2021 | $1,249 +124.3% | $63,600 +6% |
| 2020 | $557 +22.9% | $60,000 |
| 2019 | $453 +5.7% | $60,000 +17.6% |
| 2018 | $429 -0.5% | $51,000 +2.4% |
| 2017 | $431 -5.6% | $49,800 -1.6% |
| 2016 | $456 +250.9% | $50,600 +9.5% |
| 2014 | $130 +7.5% | $46,200 -0.2% |
| 2013 | $121 -18.9% | $46,300 +1.1% |
| 2012 | $149 -73.1% | $45,800 -3.8% |
| 2011 | $555 +2.2% | $47,600 |
| 2010 | $543 +12.7% | $47,600 -3.6% |
| 2009 | $482 -17.8% | $49,400 -4.4% |
| 2006 | $586 | $51,700 +44.4% |
| 2005 | -- | $35,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47040
Nearby schools
GreatSchools rating
- 6/10Ohio County Elementary-Middle SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Ohio County Middle SchoolGrades: 6-8Distance: 0.3 mi
- 5/10Rising Sun High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Ohio County Elementa
- High: Rising Sun High Scho
- District: Rising Sun - Ohio Co
Source: MLS of Southeastern Indiana. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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