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  • $480,000

    812 8th Pl SW, Demotte, IN 46310

    8beds
    --sqft
    Apartment
    Built in 1979
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel Walstra,

    Countryside Realty 219-987-7355

    Bought with:

    Jacquelyn Brubaker, RB21001164

    Coldwell Banker Real Estate Gr

    Source: NIRA as distributed by MLS GRID,MLS#: 843723MLS Logo

    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

    Price history

    DateEventPrice
    9/18/2026Sold$480,000-8.6%
    Source: NIRA as distributed by MLS GRID #843723 Report a problem
    8/15/2026Pending sale$524,900
    Source: NIRA as distributed by MLS GRID #843723 Report a problem
    8/10/2026Listed for sale$524,900
    Source: NIRA as distributed by MLS GRID #843723 Report a problem

    Public tax history

    YearProperty taxesTax 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
    Find assessor info on the county website

    Neighborhood: 46310

    Nearby schools

    GreatSchools rating
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