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105/107/110 Brewer Drive #1 & 2, 
Borden, IN 47106

$630,000


4

Beds


2

Baths


2,790

Sq Ft


Multi-Family

Active

Listed by

Dave Gambol

Simpler.Realestate

812-923-7050

Last updated:

August 27, 2026, 03:20 PM

MLS#

2026010170

Source:

IN SIRA

About This Home

105/107/110 Brewer Drive #1 & 2

Rare 3-duplex (6-unit) income portfolio in Borden, IN — offered as a single package only, not available individually. 105, 107 & 110 Brewer Dr, Borden, IN 47106 sit on three platted lots in Borden Ridge Subdivision, directly across from Borden Community Park and adjacent to Borden Elementary & Borden-Henryville Jr./Sr. High School. Built 1999-2000 by local builder Don Thieneman/SDR Development — newer construction than most competing multi-family stock in Clark/Floyd County. All six 2BR/1BA units (approx. 930 sf each, 5,580 sf total) are 100% leased. Current in-place rent totals $6,050/month ($72,600/year gross income), reflecting approx. 6.3% cap rate at the $630,000 asking price. Ownership's active rent-up program is already resetting units to $1,200/month as leases turn, with a documented path to $86,400/year stabilized gross rent by mid-2027. Each unit offers vaulted family-room ceilings, first-floor laundry closet, covered porch, private patio, and individual storage shed; public water/sewer, central air. All parcels are Flood Zone X. Properties are turnkey and consistently maintained - current property manager is willing to continue services for a new owner. Ideal for a 1031 exchange or portfolio investor seeking immediate cash flow, ~25 minutes from Louisville, KY. Seller will not divide portfolio. FYI, Other Income Properties For Sale as well. Call Listing agent for more details.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1997

Price Summary

630,000

$225 per Sq. Ft.

MLS #:

2026010170

Last Updated:

August 27, 2026, 03:20 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,790 Sq. Ft.


Structure

Structure

Architectural Style:

One Story

Building Area:

2,790 Sq. Ft.

Year Built:

1997


Lot

Lot Size (Sq. Ft):

14,810


Finances & Disclosures

Finances

Price:

$630,000

Price per Sq. Ft:

$225 per Sq. Ft.

Source:IN SIRA
The information being provided by Southern Indiana REALTORS® Association, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Southern Indiana REALTORS® Association, Inc. All rights reserved.

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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.