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Courtesy of True Realty, Cherie Smith, Cell: 765-438-5971
22 Beds
15 Baths
12,306 sqft

$630,000

371 & 383 W 12th Street, Peru IN, 46970

Price per sqft$51.19
Built in1880
Property size12,306 sqft
Property typeOther

Overview

Active

Updated 2 weeks ago

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.

$4,191/mo

Est. mortgage payment based on a $630,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202547048

Interior Features

Bedrooms
22
Bathrooms
15
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.52 Acres
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 3:42 AM UTC, 9/24/2026

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