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

$650,000

22

Beds

15

Baths

12,306

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Cherie Smith, Cell: 765-438-5971

True Realty

Last updated:

December 28, 2025, 01:49 AM

MLS#

202547048

Source:

Indiana Regional MLS

About This Home

371 & 383 W 12th Street

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.

Home Facts

Multi-Family

15 Baths

22 Bedrooms

Built in 1880

Price Summary

650,000

$52 per Sq. Ft.

MLS #:

202547048

Last Updated:

December 28, 2025, 01:49 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

22

Bathrooms

Total Bathrooms:

15

Full Bathrooms:

15

Interior

Living Area:

12,306 Sq. Ft.

Structure

Structure

Building Area:

13,722 Sq. Ft.

Year Built:

1880

Lot

Lot Size (Sq. Ft):

66,211

Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$52 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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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.