208 S Market St

Delphi, IN 46923

$1,200,000
Price
—
Beds
0.5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Discover an incredible opportunity to own a 20 unit building in Delphi, Indiana that overlooks the historic courthouse square! Originally built in 1880, this fully-leased property features 17 apartments and 3 commercial spaces. It’s perfectly situated in a high visibility location just steps from Delphi’s vibrant downtown district that includes restaurants, retail, and more. The property presents a rare chance for investors to acquire a stable, cash-flowing asset with rent increases for the foreseeable...Discover an incredible opportunity to own a 20 unit building in Delphi, Indiana that overlooks the historic courthouse square! Originally built in 1880, this fully-leased property features 17 apartments and 3 commercial spaces. It’s perfectly situated in a high visibility location just steps from Delphi’s vibrant downtown district that includes restaurants, retail, and more. The property presents a rare chance for investors to acquire a stable, cash-flowing asset with rent increases for the foreseeable future. Whether you’re looking to expand your portfolio or make your first foray into real estate, this wonderful property offers a prime location and a steady return on investment. Don’t miss out on this unique opportunity in one of Indiana’s most welcoming and historic communities.
  1. Listed by Grant Thompson • Raeco Realty

Property Details for 208 South Market Street

Subdivision
None
Waterfront
No
Water Features
None
LISTING UPDATED: 11/05/2025 07:41 AM

Property Details for 208 South Market Street

StatusActive
MLS #202514317
Days on Market234
Taxes$10,491 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1880
Lot Size0.10 AC / 4,356 SF
CountyCarroll County

Location

Listing Courtesy of Raeco Realty
Add your commute

Building Information for 208 South Market Street

Stories3Residences-Year Built1880Lot Size0.10 AC / 4,356 SF

Payment Calculator

$6,804 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,930

Property Taxes

$874

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 208 South Market Street

Summary
Location and General Information
  • Area: Carroll County
  • City: Delphi
  • Zip Code: 46923
  • State: IN
  • Township: Deer Creek
  • Geo Latitude: 41
  • Geo Longitude: -87
  • Road Access: City
  • Fips Code: 18015
  • Directions To Property: MAIN ST TO MARKET ST, BUILDING ON CORNER
  • Location: City
Taxes and HOA
  • Annual Taxes: $10,491
  • Year Taxes Payable: 2025
  • Parcel Number Id: 08-06-29-019-023.000-007
Parking
  • Parking: Street
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.1
  • Lot Dimensions: 38x120
  • Approx Lot Size Sqft: 4356.0
Property and Assessments
  • New Construction: No
  • Year Built: 1880
  • Age: 145
  • Documents Available: Lease
  • Planned Unit Development: No
  • Special Assessments: None
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Driveway: None
  • Exterior: Brick
  • Fence: None
  • Platted: Yes
  • Roof Material: Flat, Other, Rolled
Interior Features
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Central Air
  • Flooring: Vinyl Tile, Wood
  • Heating/Fuel: Gas, Forced Air
  • Stories: 3
Multi Family
Multi-Family Information
  • Number of Buildings: 1

Property History for 208 South Market Street

DateEvent & SourcePriceAppreciation
Apr 24, 2025

Listed (Active)

Indiana Regional MLS #202514317

$1,200,000—
Dec 22, 2021

Sold (Public Record)

Public Record #1504773336

$535,000—
Oct 26, 2017

Expired

Indiana Regional MLS #201721973

—
Apr 25, 2017

Listed (Active)

Indiana Regional MLS #201721973

$475,000—
DateEvent & SourcePrice
04/24/2025

Listed (Active)

Indiana Regional MLS #202514317

$1,200,000
12/22/2021

Sold (Public Record)

Public Record #1504773336

$535,000
10/26/2017

Expired

Indiana Regional MLS #201721973

—
04/25/2017

Listed (Active)

Indiana Regional MLS #201721973

$475,000

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

Public Records for 208 South Market Street

Taxable ValueLand$32,900Additions$406,700Total$439,600
Tax Record2024$10,491 ($874 / month)
Home Facts
Total Finished SqFt16,063 SqFtAbove Grade Finished SqFt16,063 SqFtStories3Lot Size4,573 SqFtStyleMulti-Family Res (5+ Units)Year Built1880CountyCARROLLAPN08-06-29-019-023.000-007

Schools near 208 South Market Street

This home is within Delphi Community School Corp.
Rating
School
Type
Grades
Distance
Delphi Community Elementary School
Public - PK to 5
Delphi Community Middle School
Public - 6 to 8
Delphi Community High School
Public - 9 to 12
Rating
School
Distance
Delphi Community Elementary School
PublicPK to 5

Delphi Community Middle School
Public6 to 8

Delphi Community High School
Public9 to 12

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 208 South Market Street, Delphi, IN 46923

208 South Market Street is a mixed use property for sale in Delphi, IN 46923. This property was listed for sale on April 24, 2025 by Raeco Realty, it's currently listed at $1,200,000. It has been on the market for a total of 234 days and was last sold on December 22, 2021. This listing's school district is Delphi Community School Corp. Nearby schools include Delphi Community Elementary School, Delphi Community Middle School and Delphi Community High School. 208 South Market Street is a 0-bed, 0.5-bath, mixed use property built in 1880.

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 Raeco Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.