1562 4th Avenue, Terre Haute, IN 47807

Check out 1562 4th Ave, a spacious 3,514 sq. ft. multi-family property on a 0.25-acre corner lot with a fenced in yard. Currently operating as a triplex with a huge front porch and back deck, this property includes a gutted fourth unit with most of the electrical and plumbing in place as well as some building materials included, offering massive upside to finish the space and convert it into a fully functioning fourplex.

Major updates are already complete: the property boasts a new roof in 2025, three new water heaters in 2025, freshly painted exterior accents on the porch for curb appeal and low maintenance, plus new interior paint and flooring in the active units. It also features an oversized 1-car detached garage with plumbing and electric for additional storage or rental income if finished out for an efficiency apartment.

Located near the new Queen of Terre Haute Casino Resort and local universities, this asset is perfectly situated to attract strong and steady rental demand. Whether you are looking for cash flow or a value-add project, this is a fantastic portfolio addition. Schedule a tour today!