$117,500
- 2 Beds
- 2 Baths
704 N Lincoln Ave, Alexandria, IN 46001
Rachel Young Dyer Real Estate
$117,500
704 N Lincoln Ave, Alexandria, IN 46001
Rachel Young Dyer Real Estate
$649,000
116 1/2 E Church St, Alexandria, IN 46001
Reanna Southard Carpenter, REALTORS®
Alexandria, Indiana, commonly referred to as "Alex" by locals, is a small community known for its slow pace of life and unique attractions. One notable highlight is the World’s Largest Ball of Paint, which started as a baseball and now has nearly 30,000 layers of paint. Residents enjoy local staples like Dor-Tee’s Drive-In, serving soft-serve ice cream and comfort food since 1958, and the Alex Movie Theatre, a popular mom-and-pop cinema. Dining options include The Harrison at the Golf Club of Alexandria and Ole Lucky bar and grill. For groceries, residents shop at Horner’s Midtown Market and the Alexandria Farmers and Artists Market, with larger stores like Walmart and Target within a 20-mile drive. Housing styles range from late 19th-century cottages and Colonial Revivals to mid-20th-century ranch styles and newer traditional properties. Beulah Park is a recreational hub with a playground, tennis court, swimming pool, and hosts the Madison County 4-H Fair every July. The Alexandria-Monroe Public Library offers diverse programming for all ages. Alexandria Community Schools emphasize athletics, with notable achievements in girls' tennis. Community events include the Freedom Parade and Christmas Parade, fostering a strong sense of local camaraderie. Alexandria is car-dependent, located about 55 miles from Indianapolis, with State Route 9 leading to Interstate 69. The nearest emergency room is 10 miles away at Community Hospital Anderson, and Indianapolis International Airport is a 77-mile drive. Parts of Alexandria are in a Special Flood Hazard Area, requiring flood insurance for affected properties.
On average, homes in Alexandria, IN sell after 68 days on the market compared to the national average of 52 days. The median sale price for homes in Alexandria, IN over the last 12 months is $165,000, up 2% from the median home sale price over the previous 12 months.
In Alexandria, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $117,500 to $649,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Alexandria is $186,250, while the average sale price is $183,102, offering insights into the local housing market. On average, multi-family homes spend 68 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Alexandria, IN.