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$215,000 / 2494ft2 - Alexandria Fourplex - 4 x 1BR/1BA - 205 N Lincoln Ave (Alexandria)
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- Four 1BR/1BA apartments, approx. 2,494 SF (2023 appraisal)
- Four separate 100A electrical panels
- No laundry on site
- Reserved parking
- Public water and sewer
- 2023 appraisal records updates to roof, electrical, plumbing, siding, flooring and paint
- July 2026 interior photos show neutral finishes, luxury vinyl plank flooring and appliances
- 2023 lender appraisal identifies the property as a quadplex; Madison County improvement record shows four kitchens, four full baths and four water heaters
- In-place leases plus lease-up upside (lease information as of August 28, 2026); tenant-redacted records available to qualified buyers under mutual NDA
Asking $215,000.
The same seller is also offering, separately: fourplex at 702 W 5th St Anderson ($195,000), three-family at 1527 Walnut St Anderson ($190,000), and two brick structures on one Howard/Proud parcel in Muncie ($189,000). Individual or multiple-property inquiries welcome.
Proof of funds requested with any LOI. Showings are coordinated by Carlos at Boots Realty, by appointment only. Please do not contact occupants or enter the property.
Inquiries: reply to this posting (Amarnath Holdings LLC sale contact).