116 1/2 E Church St

Alexandria, IN 46001

$599,900
Price
—
Beds
—
Baths
7,310 Sq. Ft.
$82 / Sq. Ft.
7,310
Sq. Ft.
$82
per Sq. Ft.

Description

Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's...Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 5 currently under lease ready to go. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, There is some newer flooring and drywall throughout, City Water , sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS.

Property Details for 116 1/2 East Church Street

Township
Monroe
Zoning
apartments,commericial
LISTING UPDATED: 10/29/2025 01:07 PM

Property Details for 116 1/2 East Church Street

StatusActive
MLS #22053157
Days on Market144
Taxes$1,673 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size0.15 AC / 6,534 SF
CountyMadison County

Location

Listing Courtesy of Carpenter, REALTORS®
Add your commute

Building Information for 116 1/2 East Church Street

Stories-Residences7Year Built-Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$3,243 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,964

Property Taxes

$279

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 1/2 East Church Street

Summary
Location and General Information
  • City: Alexandria
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46001
  • Postal Code Plus4: 2006
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 480513404123000022
  • Semi Annual Property Tax Amt: 1673
  • Tax Year: 2024
  • Additional Parcels Description: 48-05-13-404-123.000-022 and 48-05-13-404-122.000-022
  • TaxLot: 008
School Information
  • Elementary School: Alexandria Monroe Elementary School
  • Middle Or Junior School: Alexandria-Monroe Jr./Sr. High School
  • School District: Alexandria Community School Corp
Owner
  • Owner Pays: Sewer, Trash Collection, Water
Parking
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Comm Mul Ten, Office
  • Lot Description: Access, City Lot
  • Lot Size Square Feet: 7310.0
  • Lot Size Acres: 0.15
  • New Construction: False
  • Possible Use: Comm Mul Ten, Office, Retail
  • Space Available: 7310
  • Structure Type: Apartment Building
  • Sq Ft Total: 7310.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: C & S 34'X132' 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 27
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Building Utilities: Separate Gas Meter,Sewer,Water
  • Utilities: Septic System, Water Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
Interior Features
  • Basement YN: No
  • Heating: Electric, Natural Gas
  • Levels: Two
  • Laundry Features: Connections Some
Multi Family
Multi-Family Information
  • Total Units: 7
  • Garage Parking: Parking Lot
Unit 1
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: Studio
Unit 2
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit,Fuel Elec,Fuel Elec
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit,Fuel Elec,Fuel Elec
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 0
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 2 Bedroom
Unit 5
  • Unit Kitchen: 0
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 2 Bedroom
Unit 6
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 2 Bedroom
Unit 7
  • Unit Kitchen: 0
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Multi Tenants: Yes
  • Tenant Pays: Electricity, Gas

Property History for 116 1/2 East Church Street

DateEvent & SourcePriceAppreciation
Oct 29, 2025

Price Change

MIBORMLS #22061788

$599,900—
Oct 29, 2025

Price Change

MIBORMLS #22053157

$599,900—
Sep 12, 2025

Price Change

MIBORMLS #22053157

$649,000—
Sep 12, 2025

Listed (Active)

MIBORMLS #22061788

$649,000—
Aug 2, 2025

Listed (Active)

MIBORMLS #22053157

$695,000—
DateEvent & SourcePrice
10/29/2025

Price Change

MIBORMLS #22061788

$599,900
10/29/2025

Price Change

MIBORMLS #22053157

$599,900
09/12/2025

Price Change

MIBORMLS #22053157

$649,000
09/12/2025

Listed (Active)

MIBORMLS #22061788

$649,000
08/02/2025

Listed (Active)

MIBORMLS #22053157

$695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 1/2 East Church Street

Taxable ValueLand$500Additions$54,500Total$55,000
Tax Record2024$1,829 ($152 / month)
Home Facts
Total Finished SqFt4,624 SqFtAbove Grade Finished SqFt4,624 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyMADISONAPN48-05-13-404-123.000-022

Schools near 116 1/2 East Church Street

This home is within Alexandria Com School Corp.
Rating
School
Type
Grades
Distance
Alexandria-Monroe Intermediate
Public - PK to 6
Alexandria-Monroe High School
Public - 7 to 12
Alexandria-Monroe Elementary
Public - 7 to 12
St Mary Elementary School
Private - PK to 8
Rating
School
Distance
Alexandria-Monroe Intermediate
PublicPK to 6

Alexandria-Monroe High School
Public7 to 12

Alexandria-Monroe Elementary
Public7 to 12

St Mary Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 116 1/2 East Church Street, Alexandria, IN 46001

116 1/2 East Church Street is a multi-family home for sale in Alexandria, IN 46001. This property was listed for sale on August 2, 2025 by Carpenter, REALTORS®, it's currently listed at $599,900. This listing's school district is Alexandria Com School Corp. Nearby schools include Alexandria-Monroe Intermediate, Alexandria-Monroe High School and Alexandria-Monroe Elementary. 116 1/2 East Church Street is a 0-bed, 0-bath, 7,310 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carpenter, REALTORS®

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 03:00 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.