220 E Market Street

Description

220 East Market Street, Jeffersonville, IN 47130 sits one block from Big Four Station Park and the pedestrian bridge into Louisville, in the heart of Jeffersonville's historic riverfront corridor. Built in 1990, this two-unit duplex is newer than most of the surrounding 1920s to 1950s multifamily stock and comes 100% occupied at $1,500 per month in combined rent. Unit 2 is leased through July 2027 at $850 per month, the confirmed market rate: the same unit rented in June 2026, five days on market, at full asking rent. Unit 1 sits below market on an at-will lease at $650 per month, leaving roughly $2,400 a year in additional income once that unit turns over. Public water and sewer, central air, and warm-air heat keep operations simple. At $210,000, the property prices at an estimated 4.83% cap rate and an 11.67 gross rent multiplier on current rent, with room to grow. Spring Street, the Saturday farmers market, and the Ohio River Scenic Byway are all a short walk away. Full rent roll and tax detail available on request. There is also additional rental income properties available if interested. Call Listing Agent for more details and to schedule a showing.