$4,034 Closing Credit¹
#22018392, Tina Fitch, Listing Office: CENTURY 21 Breeden REALTORS®
$289,900 List price
1212 Pearl St Columbus, IN 47201
$3,443
Closing credit¹
0.2 acres
Multi-Family
Property details
About 1212 Pearl St
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.
Highlights
Home typeQuadruplex
StatusActive
Lot size0.21 Acres
Year built1885
MLS #22027378
Summary
- MLS Number: 22027378
- MLS Name: MIBOR
- Office Name: Dean Wagner LLC
- Office Email: hagerse13@gmail.com
- Listing Agent: Sarah Hager
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 4/7/2025, 10:16:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$289,900
1212 Pearl St
$3,443
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $206,400 | $4,686 |
| 2021 | $159,200 | $3,691 |
| 2020 | $161,900 | $3,196 |
| 2019 | $149,900 | $3,109 |
| 2017 | $142,800 | $3,109 |
History based on county public records data.
Nearby schools
9
Csa Lincoln Campus
Public District KG-6
0.5 mi
•750 5th St
4
Lillian Schmitt Elementary School
Public District PK-6
1.1 mi
•2675 California St
3
Csa Fodrea Campus
Public Magnet PK-6
1.7 mi
•2775 Illinois Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,865. The majority of Columbus, IN residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
46%
<35k
43%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
38%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
Soccer
Where do the neighbors shop?
Burlington
Family Dollar
Forever 21
Where do the neighbors go to eat?
Popeyes
Burger King
Dominos Pizza
What do the neighbors drive?
Dodge
Buick
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Columbus, IN
About 1212 Pearl St
This home is located at 1212 Pearl St in Columbus, IN and zip code 47201. Features: 0 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $289,900.
In March 2025, from all listings sold in Columbus, IN there were more than 11 sold above asking price, over 36 sold below and more than 19 were sold right at the asked price. The number of listings in Columbus, IN increased by 16% between February and March 2025. The median list price of listings available in March 2025 was $273,239, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.