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$289,900 -

1212 Pearl Street Columbus IN 47201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.21
Acres

Welcome to this outstanding investment opportunity in the heart of downtown Columbus. Located at 1212 Pearl St, this multi-family property offers four separate rental units, making it an attractive option for investors seeking steady rental income. The property consists of three units in the main building plus a charming carriage house, all currently occupied by long-term tenants - a strong indicator of the property's appeal and rental potential. Smart utility management is already in place with separately metered electric and gas services for each unit, allowing for straightforward tenant billing. The owner covers water expenses, simplifying the utility arrangement for both landlord and residents. The downtown location is a major selling point, putting tenants within easy reach of Columbus's shopping, dining, and entertainment options. This prime positioning helps ensure consistent tenant interest and supports long-term property value. For investors looking to expand their portfolio, this turnkey property offers immediate income potential with its existing tenant base. The multi-unit setup provides built-in risk mitigation through income diversification, while the established utility systems and property management structure make for straightforward administration. Don't miss this chance to acquire a well-maintained, fully-occupied investment property in a desirable downtown location. With its proven rental history and strategic position, this Pearl Street property represents an excellent opportunity to establish or expand your real estate investment portfolio.

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Property Details

Price: $289,900 Previously: $289,900 Originally: $289,900 Bathrooms: 0.00 MLS #: 22027378 Year Built: 1885 Township: Columbus Type: Residential Income Zip Code: 47201 City: Columbus Subdivision: No Subdivision County: Bartholomew School District: Bartholomew Con School Corp

Interior Features

Interior Features:

Exterior Features

Exterior Features:
  • # Acres: 0.21

Listing Office: Dean Wagner Llc

Office Contact: hagerse13@gmail.com

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on May 13th, 2025 at 2:10pm EDT.

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