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2333 N 14th Street, Terre Haute, IN 47804 2333 N 14th St 6 Unit Apartment Building $285,500 ($47,583/Unit) 8.30% Cap Rate Terre Haute, IN 47804
Executive Summary
All major building systems replaced in 2021 — plumbing, electrical, roof, HVAC, and water heaters. Three units renovated in 2025. Electric separately metered; tenants pay own electric. Water/sewer currently owner-paid with partial recapture in place — immediate NOI upside available to new owner via flat fee billing with zero capital required.
Five of six units occupied. Unit 5 vacant following turnover — lease-up upside at market rate. In-place rents $3,315/month. Diverse unit mix: 1×3BR/1BA, 2×2BR/1BA, 3×1BR/1BA.
Property located in a 4-university market — Indiana State University, Rose-Hulman Institute of Technology, Saint Mary-of-the-Woods College, and Ivy Tech Community College.
Confidentiality Agreement required prior to release of financials. Contact owner directly.
Five of six units occupied. Unit 5 vacant following turnover — lease-up upside at market rate. In-place rents $3,315/month. Diverse unit mix: 1×3BR/1BA, 2×2BR/1BA, 3×1BR/1BA.
Property located in a 4-university market — Indiana State University, Rose-Hulman Institute of Technology, Saint Mary-of-the-Woods College, and Ivy Tech Community College.
Confidentiality Agreement required prior to release of financials. Contact owner directly.
Property Facts
| Price | $285,500 | Apartment Style | Low-Rise |
| Price Per Unit | $47,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 8.30% | Building Size | 5,916 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2025 |
| Zoning | Com 4 - 19 family apartme | ||
| Price | $285,500 |
| Price Per Unit | $47,583 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,916 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2025 |
| Zoning | Com 4 - 19 family apartme |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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Presented by
Ivan Guillen
2333 N 14th Street, Terre Haute, IN 47804 | 2333 N 14th St
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