1212 Pearl St Columbus, IN 47201
Estimated payment $1,944/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,048
Year Built
- Built in 1885
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 2-Story Property
- 9,017 Sq Ft Lot
Listing and Financial Details
- Tax Lot 64
- Assessor Parcel Number 039524130005200005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,686 | $180,000 | $30,800 | $149,200 |
| 2023 | $4,686 | $206,400 | $36,900 | $169,500 |
| 2022 | $4,466 | $197,300 | $36,900 | $160,400 |
| 2021 | $3,637 | $159,200 | $18,400 | $140,800 |
| 2020 | $3,692 | $161,900 | $18,400 | $143,500 |
| 2019 | $3,196 | $149,900 | $18,400 | $131,500 |
| 2018 | $3,700 | $145,900 | $18,400 | $127,500 |
| 2017 | $3,109 | $142,800 | $19,300 | $123,500 |
| 2016 | $3,119 | $142,800 | $19,300 | $123,500 |
| 2014 | $3,416 | $153,700 | $0 | $153,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | For Sale | $289,900 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22027378
APN: 03-95-24-130-005.200-005
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