Peru, IN Multifamily Homes & Duplexes for Sale

/28
$135,000
- 6 Beds
- 4 Baths
- 2,768 Sq Ft
115 E 2nd St, Peru, IN 46970

Four units under one roof! 2 units are 1 bedroom, 1 bathroom; 2 units are 2 bedrooms, 1 bathroom. 4 dedicated, off-street parking spaces. Separate access to each apartment, and ramp access for 1 unit. Most recent rents: 1 unit is $540/mo; 3 units are $700/mo. Cash buyers only. Property to be sold AS-IS.

Rebekah Slack

Miles Realty Group

(765) 345-8492

115 E 2nd St, Peru, IN 46970
Explore Peru
/27
$459,999
- 2 Beds
- 1.5 Baths
- 1,809 Sq Ft
3658 W 200 N, Peru, IN 46970

Own your own HORSE FARM! This beautiful 16-ACRE property features a massive 10,000+ square foot POLE BARN, complete with INDOOR ARENA—perfect for training and competitions, 23 HORSE STALLS, and HAYLOFT. The barn is fully equipped with electricity, water and lean-to area ensuring both comfort and convenience for your equine friends. This corner property boasts FOUR lush PASTURES, providing ample

Jim Samuelson Berkshire Hathaway Home Services Executive Realty

3658 W 200 N, Peru, IN 46970
/9
$135,000
- 4 Beds
- 3 Baths
- 2,320 Sq Ft
103 E 2nd St, Peru, IN 46970

Unique opportunity to own a triplex in Peru. Close to downtown! Unit A is a one bed/one bath currently leased through 05/31/2026 for $650.00 per month. Unit B is a one bed/one bath with walk-in closet, currently vacant-previously rented for $600.00 per month Unit C is a 2 bed/ one bath, currently leased through 06/12/2026 and rents for $650.00 per month. Owner pays gas-average is $162.93, Peru

Misty Davidson The Wyman Group

103 E 2nd St, Peru, IN 46970
/10
$185,000
- 4 Beds
- 2 Baths
- 1,680 Sq Ft
553 & 555 May St Unit 2, Peru, IN 46970

Each unit has two bedrooms, living room, kitchen, laundry closet, GFA furnace and central air, tenant pays electric and gas. Water is on one meter, and paid by the owner.

Tami Gallahan Tschiniak Carriger Oldfather Realty, Inc

553 & 555 May St Unit 2, Peru, IN 46970
/29
$240,000
- 7 Beds
- 3 Baths
- 2,838 Sq Ft
136 1/2 W 7th St, Peru, IN 46970

Outstanding opportunity to own a proven income producing property! On one parcel, there is a duplex and single family home. 3 gas meters, 3 electric meters. Upper unit month to month, lower month to month. House and lower duplex units were frequently used as an AirBNB in 2024. Total revenue in 2024 was $34,000. Updates in the past few years include: furnaces, siding, house roof, water

Michael Mygrant Mygrant Realty & Appraisals

136 1/2 W 7th St, Peru, IN 46970
/36
$675,000
- 22 Beds
- 15 Baths
- 12,306 Sq Ft
371 & 383 W 12th St, Peru, IN 46970

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

Cherie Smith True Realty

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

Indiana Miami County Peru

Why Live in Peru

Peru, Indiana, located along the Wabash River in north central Indiana, is a small city with a population of around 11,000 residents. The local economy is diverse, supported by industries such as the Duke Hospital System and Smithfield Packaged Meats. Peru is notable for its rich circus and musical history, being the tribal headquarters for the Miami Nation and home to the world’s only remaining manufacturer of steam calliopes. The city celebrates its circus heritage with the International Circus Hall of Fame and the annual Peru Amateur Circus Festival, which features performances, carnival rides, and a parade. Outdoor enthusiasts can enjoy the Peru Riverwalk Park with its walking trail, skate park, and pickleball courts, as well as the nearby Frances Slocum State Forest, which offers hiking, hunting, and equestrian trails. Downtown Peru is vibrant, with popular dining spots like Aroma Coffee Shop, Gabriel’s Pancake House, and Legend’s Cocktail Lounge. Housing in Peru is affordable, with styles ranging from Colonial Revivals to bungalows, and prices generally between $100,000 and $300,000. The Peru Community Schools system is well-regarded, providing solid educational opportunities for students. While the city does face some natural risks such as tornadoes and flooding, the construction of the Mississinewa Dam has helped mitigate flood risks. Peru is conveniently located near state highways 24 and 31, providing access to Fort Wayne and Indianapolis, with the closest airport being Fort Wayne International, 55 miles away.

Learn more about living in Peru

Home Trends in Peru, IN

On average, homes in Peru, IN sell after 53 days on the market compared to the national average of 53 days. The median sale price for homes in Peru, IN over the last 12 months is $140,000, up 8% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$140,000

Median Single Family Sale Price

$140,000

Median Townhouse Sale Price

$55,500

Average Price Per Sq Ft

$79

Number of Homes for Sale

Last 12 months Home Sales

124

Months of Supply

3.00

Median List Price

$139,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Peru, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $135,000 to $675,000, there's a range to accomodate every budget. As of December, 2025 the median home price in Peru is $139,900, while the average sale price is $149,090, offering insights into the local housing market. On average, multi-family homes spend 53 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 Peru, IN.

Peru Types of Homes for Sale

Peru Homes by Price

More About Living in Peru

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