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116 1/2 E Church Street, 
Alexandria, IN 46001

$599,900

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Reanna Southard

Carpenter, Realtors

765-643-3357

Last updated:

March 8, 2026, 02:50 PM

MLS#

22061788

Source:

IN MIBOR

About This Home

116 1/2 E Church Street

Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 7currently under leased. 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

Home Facts

Multi-Family

Built in 1900

Price Summary

599,900

MLS #:

22061788

Last Updated:

March 8, 2026, 02:50 PM

Added:

5 month(s) ago

Structure

Structure

Year Built:

1900

Lot

Lot Size (Sq. Ft):

4,356

Finances & Disclosures

Finances

Price:

$599,900

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.