1212 Pearl Street
Columbus, IN 47201
- – beds
- – baths
- – sqft
- 9,017 sqft lot
- 1885 build
Welcome to this outstanding investment opportunity in the heart of downtown Columbus. Located at 1212 Pearl St, this multi-family property offers four separate rental units, making it an attractive option for investors seeking steady rental income. The property consists of three units in the main building plus a charming carriage house, all currently occupied by long-term tenants - a strong indicator of the property's appeal and rental potential. Smart utility management is already in place with separately metered electric and gas services for each unit, allowing for straightforward tenant billing. The owner covers water expenses, simplifying the utility arrangement for both landlord and residents. The downtown location is a major selling point, putting tenants within easy reach of Columbus's shopping, dining, and entertainment options. This prime positioning helps ensure consistent tenant interest and supports long-term property value. For investors looking to expand their portfolio, this turnkey property offers immediate income potential with its existing tenant base. The multi-unit setup provides built-in risk mitigation through income diversification, while the established utility systems and property management structure make for straightforward administration. Don't miss this chance to acquire a well-maintained, fully-occupied investment property in a desirable downtown location. With its proven rental history and strategic position, this Pearl Street property represents an excellent opportunity to establish or expand your real estate investment portfolio.
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Last updated Mar 18, 2025
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MLS# 22027378 —
The Building
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Year Built:1885
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New Construction:false
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Levels:Two
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.210685
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Longitude:-85.91779
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Fourplex
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Parcel Number:039524130005200005
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Acres:<1/4 Acre
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Lot Size Acres:0.21
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Lot Size SqFt:9,017 Sqft
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Price Per Acre:1380476
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Current Use:Residential
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Road Access:Not Applic
Listing Agent
- Contact info:
- Agent phone:
- (812) 764-1846
- Office phone:
- (812) 372-8440
Taxes
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Tax Lot:64
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Tax Year:2023
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Semi Annual Property Tax Amt:2343
Utilities
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Solid Waste:No
Schools
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High School District:Bartholomew Con School Corp
The Community
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Subdivision Name:No Subdivision
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/18/25
Mar 18, 2025
|
Listed / Active | MIBOR | $289,900 |