520-526 5th St Bedford, IN 47421
Estimated payment $3,499/month
Highlights
- 0.53 Acre Lot
- Ceramic Tile Flooring
- Level Lot
- 1 Car Attached Garage
- Forced Air Heating and Cooling System
- 1-minute walk to Murray Park
About This Home
Fully Rented Quadplex – Excellent Investment Opportunity! Don’t miss this rare opportunity to own a fully rented quadplex in an excellent location, featuring two separate all-brick buildings. Each of the four spacious units offers 868 sq ft of living space, including 2 bedrooms, 1 full bathroom, and a 1-car garage—perfect for attracting and retaining quality tenants. This low-maintenance property has been well cared for, with significant updates including: Roof replaced in 2010, HVAC systems updated in 2017 (units 520-522) and 2018 (units 524-526), All units are currently leased with signed agreements, providing immediate cash flow for savvy investors. Tenants are responsible for electric, helping keep operational costs low. Whether you're looking to expand your portfolio or make your first move into multifamily investing, this property offers stability, convenience, and strong rental income potential.
Listing Agent
Hawkins & Root Real Estate Brokerage Phone: 812-675-6952 Listed on: 05/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,030
Year Built
- Built in 1988
Lot Details
- 0.53 Acre Lot
- Level Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 3,472 Sq Ft Home
- 1-Story Property
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Basement
- Block Basement Construction
- Crawl Space
Parking
- 1 Car Attached Garage
- Driveway
Schools
- Lincoln Elementary School
- Bedford Middle School
- Bedford-North Lawrence High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
- Assessor Parcel Number 47-06-13-202-023.000-010
Community Details
Overview
- 2 Buildings
- 4 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Insurance Expense $2,700
- Maintenance Expense $8,000
- Water Sewer Expense $3,000
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 |
|---|---|---|---|---|
| 2025 | $8,030 | $427,400 | $23,000 | $404,400 |
| 2024 | $8,030 | $401,500 | $22,300 | $379,200 |
| 2023 | $7,530 | $376,500 | $21,600 | $354,900 |
| 2022 | $7,064 | $353,200 | $20,900 | $332,300 |
| 2021 | $6,372 | $318,600 | $19,800 | $298,800 |
| 2020 | $6,016 | $300,800 | $19,000 | $281,800 |
| 2019 | $5,710 | $285,500 | $18,300 | $267,200 |
| 2018 | $5,746 | $287,300 | $17,900 | $269,400 |
| 2017 | $5,512 | $275,600 | $17,600 | $258,000 |
| 2016 | $5,464 | $273,200 | $17,600 | $255,600 |
| 2014 | $5,168 | $258,400 | $17,600 | $240,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $549,900 | +37.5% | $158 / Sq Ft | |
| 10/25/2024 10/25/24 | Sold | $400,000 | -20.0% | $230 / Sq Ft | View Prior Sale |
| 08/07/2024 08/07/24 | For Sale | $499,900 | -- | $288 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | Classic Title Inc | |
| Deed | $200,000 | -- |
Source: Indiana Regional MLS
MLS Number: 202517632
APN: 47-06-13-202-023.000-010
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Ask me questions while you tour the home.