Listed with Barb Hays, F.C. TUCKER EMGE, Office: 812-482-1424

Price $235,000
Status Active
Beds 5
Baths 2 Baths
Home size 1,880 sqft
Lot Size 19,602 sqft
Days on Market 2
Prime Investment Opportunity - 2 City Lots with Multiple Income Streams Unlock exceptional rental potential with this unique property featuring two active rentals plus room to add a third. Situated on two spacious city lots, this investment offers flexibility, strong cash flow, and desirable long-term upside. Return on Investment in just 7 years. Property Highlights: Two current rentals producing income: "¢ 3 Bed 1 Bath, Mobile Home Rental - steady tenant appeal - 12 x 70 (840 SF) "¢ 2 Bed 1 Bath Pole Barn House Rental - versatile living space with solid rental history - 40 X 26 (1040 SF) Expandable Portfolio - The additional vacant lot already has electric, water, and sewer, making it ideal for adding a third rental unit with minimal groundwork. Low-maintenance setup designed for reliable occupancy and attractive returns. Convenient in-town location, close to amenities such as swiming pool , city Park, Pickle Ball courts, and ample employment opportunities, boosting rental demand. Currently on 1 year leases that expire 1 Nov 2026. Whether you're expanding your investment portfolio or seeking a property with immediate income and clear potential for growth, this one checks all the boxes.
Property Type(s): Multi Family
Last Updated 5/12/2026 Tract None
Year Built 1991 County Martin

SCHOOLS

School District Loogootee Community S.D.
Elementary School Loogootee
Jr. High School Loogootee
High School Loogootee

Price History

Prior to Mar 30, '26 $249,500
Mar 30, '26 - May 12, '26 $239,500
May 12, '26 - Today $235,000

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Range, Refrigerator
CONSTRUCTION Aluminum Siding, Vinyl Siding
HEAT Electric, Forced Air, Natural Gas
LOT 0.45 acre(s)
LOT DESCRIPTION Corner Lot, Level
LOT DIMENSIONS 19,600 SF
PARKING Gravel, Off Street
SEWER Public Sewer
STYLE Other
SUBDIVISION None
TAXES 915
WATER Public
Listed with Barb Hays, F.C. TUCKER EMGE, Office: 812-482-1424
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 5/14/26 1:37 AM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2026.

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