820 Poplar St - Apartments FOR SALE


Terre Haute, IN 47807- Downtown Terre Haute
$780,000 USD
708-670-2032
820 Poplar St, Terre Haute, IN for Sale
$780,000 USD
Apartments - FOR SALE
1/18
null | 8.76% Cap Rate

820 Poplar St
Terre Haute, IN 47807
Downtown Terre Haute


OVERVIEW

We are pleased to present this 14-unit multifamily asset ideally located in downtown Terre Haute, Indiana. The property offers an attractive unit mix with twelve spacious 2-bedroom, 1-bath units and two efficient studio apartments—well-suited for small families, students, and roommates. Each unit features individual furnaces and air conditioning systems, and the building is fully electric, simplifying utility management. Approximately half of the furnaces, AC units, and water heaters have been recently updated, reducing near-term capital expenditure needs. This property presents a strong value-add opportunity through targeted CapEx improvements, as well as upside potential by stabilizing occupancy and eliminating loss-to-lease. With its prime location and operational upside, 820 Poplar Street is well-positioned for investors seeking long-term growth in a rising Indiana market.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

14

PRICE/UNIT

$55,714

CAP RATE

8.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

84-06-22-360-021.000-002

ASK ABOUT THIS PROPERTY

Jeremy SlowinskiEllsbury Commercial GroupMore Info
708-670-2032

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Jeremy SlowinskiEllsbury Commercial GroupMore Info
708-670-2032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.