$599,900
116 1/2 E Church Street
Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces, 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, there is some newer flooring and drywall throughout, City Water, sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS. Motivated Seller
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Map to 116 1/2 E Church Street, Alexandria, IN 46001
MLS #
22061788
Date Listed
2025-09-12
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Quadruplex
New Construction
No
Type
Quadruplex
Year Taxes Payable
2024
Year Built
1900
Days on Market
83
External Features
Construction
Quadruplex
Lot Size
4,356 sq ft
Acreage
0.10 Acres
Fence
None
Location
Area
Madison
County
Madison
Subdivision
No Subdivision
Township
Monroe
City
Alexandria
State
IN
Zip
46001
Schools
School District
Alexandria Community School Corp
Elementary
Alexandria Monroe Elementary School
Middle School
Alexandria-Monroe Jr./Sr. High School
Financial
Assoc. Dues
$0.00
| MLS # | 22061788 |
|---|---|
| Date Listed | 2025-09-12 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Quadruplex |
| New Construction | No |
| Type | Quadruplex |
| Year Taxes Payable | 2024 |
| Year Built | 1900 |
| Days on Market | 83 |
| Construction | Quadruplex |
|---|---|
| Lot Size | 4,356 sq ft |
| Acreage | 0.10 Acres |
| Fence | None |
| Area | Madison |
|---|---|
| County | Madison |
| Subdivision | No Subdivision |
| Township | Monroe |
| City | Alexandria |
| State | IN |
| Zip | 46001 |
| School District | Alexandria Community School Corp |
|---|---|
| Elementary | Alexandria Monroe Elementary School |
| Middle School | Alexandria-Monroe Jr./Sr. High School |
| Assoc. Dues | $0.00 |
|---|
MLS# 22061788
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and 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.
Listing Provided Courtesy of Reanna Southard
Carpenter, REALTORS®
reannasouthard@gmail.com
Listing updated October 31, 2025 at 12:09 pm
Last checked 18 minutes ago
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