2600 6th St

Bedford, IN 47421

$3,000,000
Price
88
Beds
34,212 Sq. Ft.
$88 / Sq. Ft.
34,212
Sq. Ft.
$88
per Sq. Ft.
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Description

Great investment opportunity featuring a 44-unit apartment community comprised of 2BD/1BA units (~900 SF) across 10 buildings. Property maintains strong occupancy (~95%) with recent leases achieving $875–$895 per unit, plus a $50/month utility reimbursement for water, sewer, and trash. Tenants pay electric, providing low owner utility exposure. Current ownership has implemented a proven rent growth strategy, with continued opportunity to standardize remaining units and increase income. The property...Great investment opportunity featuring a 44-unit apartment community comprised of 2BD/1BA units (~900 SF) across 10 buildings. Property maintains strong occupancy (~95%) with recent leases achieving $875–$895 per unit, plus a $50/month utility reimbursement for water, sewer, and trash. Tenants pay electric, providing low owner utility exposure. Current ownership has implemented a proven rent growth strategy, with continued opportunity to standardize remaining units and increase income. The property generates approximately $278,000+ in net operating income, offering an attractive ~9% cap rate at the current list price. Recent improvements include HVAC upgrades, unit renovations, and a new lift station (2020), reducing near-term capital expenditure needs. Additional updates throughout include flooring, paint, appliances, and mechanical improvements.
  1. Listed by Amy Rhoda • Revestco LLC

Property Details for 2600 6th Street

Style
One Story
Architectural Style
Other
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 04/21/2026 04:55 PM

Property Details for 2600 6th Street

StatusActive
MLS #202611761
Days on Market22
Taxes$42,119 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment Complex
Year Built1985
CountyLawrence County
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Location

Listing Courtesy of Revestco LLC
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Building Information for 2600 6th Street

Building/Complex2600 6th StFloor-Stories2Residences44Pet Policy-Pet Policy Details-Year Built1985Building Size-

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$18,616 per month

30 year fixed, 6.46% Interest

Principal and Interest

$15,107

Property Taxes

$3,510

HOA Dues

$0

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Property Information for 2600 6th Street

Summary
Location and General Information
  • Area: Lawrence County
  • City: Bedford
  • Zip Code: 47421
  • State: IN
  • Township: Shawswick
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18093
  • Directions To Property: 37 North, R on 5th Street, R on X, R into Park Place Apartments
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 47-06-15-100-089.000-010
School Information
  • School District: North Lawrence Community Schools
  • Elementary: Lincoln
  • Middle School: Bedford
  • High School: Bedford-North Lawrence
Parking
  • Number Of Parking Spaces: 88
  • Parking: Lot
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Complex
  • Approx Lot Size Acres: 5.55
  • Lot Dimensions: 5.55 Acre
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 34212.0
  • Approx Lot Size Sqft: 241758.0
  • Above Grade Finished Sqft: 34212.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 34212.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Partially Wooded
Property and Assessments
  • New Construction: No
  • Year Built: 1985
  • Age: 41
  • Documents Available: Lease, Rent Roll
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Comcast/Xfinity
  • Electric Company: Duke Energy Indiana
  • Sewer: City
  • Water Company: Bedford City Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Countertops-Laminate, Deck Open, Water Heater Electric
  • Common Amenities: None
  • Driveway: Concrete
  • Exterior: Vinyl, Wood
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 44
  • Number of Disposals: 44
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 44
  • Number of Refrigerators: 44
  • Number of W/D Hookups: 44
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Central Air
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Electricity, Conventional
  • Stories: 2
  • Number of Above Grade Bedrooms: 88
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 88
  • Total Number of Full Baths: 44
  • Total Number of Half Baths: 0
  • Total Baths: 44
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 44
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 40
  • Number of Units: 44
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $396,840
  • Annual Insurance Expense: $36,000
  • Annual Maint. Expense: $27,500
  • Annual Misc: $0
  • Annual Net Income: $278,691
  • Annual Property Tax: $42,119
  • Annual Trash Expense: $5,600
  • Annual Water/Sewer Exp: $6,930
  • Gross Monthly Income: $33,070
  • Gross Monthly Rent: $33,070
  • ROI: $9
Unit Information
Unit 1
  • Unit 1 SqFt: 900
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 6
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $845.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: Utility Room
  • Unit 1-Lease Exp Date: 02-28-2027
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $875
Unit 2
  • Unit 2 SqFt: 900
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 6
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $895.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: Utility Room
  • Unit 2-Lease Exp Date: 02-28-2027
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $895
Unit 3
  • Unit 3 SqFt: 900
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 2
  • Unit 3-Num of Rooms: 6
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $875.00
  • Unit 3-Electric: Tenant
  • Unit 3-Garage Type: None
  • Unit 3-Garage: No
  • Unit 3-Gas: None
  • Unit 3-Laundry Room: Utility Room
  • Unit 3-Lease Exp. Date: 03-31-2026
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $875
Unit 4
  • Unit 4 SqFt: 900
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 6
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $875.00
  • Unit 4-Electric: Tenant
  • Unit 4-Garage Type: None
  • Unit 4-Garage: No
  • Unit 4-Gas: None
  • Unit 4-Laundry Room: Utility Room
  • Unit 4-Lease Exp Date: 03-31-2026
  • Unit 4-Level: Upper
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $875
Unit 5
  • Unit 5 SqFt: 900
  • Unit 5-Num of Bedrooms: 2
  • Unit 5-Num of Rooms: 6
  • Unit 5-Basement: No
  • Unit 5-Currently Rented: Yes
  • Unit 5-Deposit Amount: $895.00
  • Unit 5-Electric: Tenant
  • Unit 5-Garage Type: None
  • Unit 5-Garage: No
  • Unit 5-Gas: None
  • Unit 5-Laundry Room: Utility Room
  • Unit 5-Lease Exp Date: 06-30-2026
  • Unit 5-Level: Main
  • Unit 5-Rent Frequency: Monthly
  • Unit 5-Unit Number: 5
  • Unit 5-Unit Rent $: $895
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Snow Removal, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Water

Property History for 2600 6th Street

DateEvent & SourcePriceAppreciation
Apr 7, 2026

Listed (Active)

Indiana Regional MLS #202611761

$3,000,000—
Apr 10, 2021

Sold

Indiana Regional MLS #202100022

$2,195,000—
Feb 13, 2021

Pending

Indiana Regional MLS #202100022

—
DateEvent & SourcePrice
04/07/2026

Listed (Active)

Indiana Regional MLS #202611761

$3,000,000
04/10/2021

Sold

Indiana Regional MLS #202100022

$2,195,000
02/13/2021

Pending

Indiana Regional MLS #202100022

—

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

Public Records for 2600 6th Street

Taxable ValueLand$31,400Additions$322,800Total$354,200
Tax Record2025$7,084 ($590 / month)
Home Facts
Total Finished SqFt3,076 SqFtAbove Grade Finished SqFt3,076 SqFtStories2Lot Size15,682 SqFtStyleMulti-Family Res (5+ Units)Year Built1984CountyLAWRENCEAPN47-06-15-100-078.000-010

Schools near 2600 6th Street

This home is within North Lawrence Com Schools.
Rating
School
Type
Grades
Distance
Needmore Elementary School
Public - K to 6
North Lawrence A/V Tech Center
Public - 6 to 12
Bedford-North Lawrence High School
Public - 9 to 12
Parkview Intermediate School
Public - K to 6
Rating
School
Distance
Needmore Elementary School
PublicK to 6

North Lawrence A/V Tech Center
Public6 to 12

Bedford-North Lawrence High School
Public9 to 12

Parkview Intermediate School
PublicK to 6

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 2600 6th Street, Bedford, IN 47421

2600 6th Street is a multi-family home for sale in Bedford, IN 47421. This property was listed for sale on April 7, 2026 by Revestco LLC, it's currently listed at $3,000,000. It has been on the market for a total of 22 days and was last sold on April 10, 2021. This listing's school district is North Lawrence Com Schools. Nearby schools include Needmore Elementary School, North Lawrence A/V Tech Center and Bedford-North Lawrence High School. 2600 6th Street is a 88-bed, 44-bath, 34,212 sqft multi-family home built in 1985.

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 Revestco LLC

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.