371 W 12th St

$650,000
Price
22
Beds
12,306 Sq. Ft.
$53 / Sq. Ft.
12,306
Sq. Ft.
$53
per Sq. Ft.

Description

Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with...Discover an excellent investment opportunity with this multi-building property featuring a total of 15 rentable units in the heart of Peru (8 one bedroom units and 7 two bedroom units). Spread across multiple structures, this property offers a strong blend of stability and value-add potential for any investor. Many of the units have been freshly painted within the last few years, and several feature updated flooring for improved durability and tenant appeal. Two of the buildings are equipped with long-lasting metal roofs, reducing future maintenance needs and providing added peace of mind. With a mix of month-to-month and long-term leases, this property offers both immediate income and room for strategic rent growth. A rare chance to acquire a multi-unit package with solid fundamentals and continued upside in a steady rental market.
  1. Listed by Cherie Smith • True Realty • Cell: 765-438-5971

Property Details for 371 West 12th Street

Style
Other
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 12/17/2025 07:41 PM

Property Details for 371 West 12th Street

StatusActive
MLS #202547048
Days on Market29
Taxes$6,240 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1880
Lot Size1.52 AC / 66,211 SF
CountyMiami County

Location

Listing Courtesy of True Realty
Add your commute

Building Information for 371 West 12th Street

Stories2Residences15Year Built1880Building Size-Lot Size1.52 AC / 66,211 SF

Payment Calculator

$3,732 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,212

Property Taxes

$520

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 371 West 12th Street

Summary
Location and General Information
  • Area: Miami County
  • City: Peru
  • Zip Code: 46970
  • State: IN
  • Township: Peru
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Road Access: City
  • Fips Code: 18103
  • Directions To Property: North on Grant from Broadway. Turn left onto 12th Street. Property on South side of road.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024 pay 2025
  • Parcel Number Id: 52-08-28-301-054.000-016
School Information
  • School District: Peru Community Schools
  • Elementary: Elmwood/Blair Pointe
  • Middle School: Peru
  • High School: Peru
Parking
  • Number Of Parking Spaces: 15
  • Parking: Gravel, Lot, Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 1.52
  • Lot Dimensions: Irregular
  • Below Grade Unfin Sqft: 1416.0
  • Total Square Feet: 13722.0
  • Upper Level Sqft: 2056.0
  • Approx Lot Size Sqft: 66211.0
  • Above Grade Finished Sqft: 12306.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1416.0
  • Total Finished Sqft: 12306.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular
  • Main Level Sqft: 10250.0
  • Outbuilding Length: 8.0
  • Outbuilding Sqft: 80
  • Outbuilding Width: 10.0
Property and Assessments
  • New Construction: No
  • Year Built: 1880
  • Age: 145
  • Documents Available: LBP Form, Rent Roll
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Aluminum, Vinyl
  • Outbuilding: Shed
  • Platted: Yes
  • Pool Type: Below Ground
  • Pool: Yes
  • Road Surface: Asphalt
Interior Features
  • Number of Electric Meters: 15
  • Number of Gas Meters: 10
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 15
  • Number of Refrigerators: 15
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Cellar, Crawl, Slab
  • Cooling: Central Air, Window
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Heating/Fuel: Electricity, Gas
  • Stories: 2
  • Number of Above Grade Bedrooms: 22
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 22
  • Total Number of Full Baths: 15
  • Total Number of Half Baths: 0
  • Total Baths: 15
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 8
  • Num Of 2 Bedrooms: 7
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 13
  • Number of Buildings: 6
  • Number of Units: 15
  • Restrictions: No
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $1,600.00
  • Annual Gross Rent $: $106,308
  • Annual Insurance Expense: $5,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $83,544
  • Annual Property Tax: $6,240
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $9,924
  • Gross Monthly Income: $8,859
  • Gross Monthly Rent: $8,859
  • ROI: $12
Rental
Rental Information
  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Heating, Sewer, Tax, Water
  • Tenant Pays: Electric, Fuel

Property History for 371 West 12th Street

DateEvent & SourcePriceAppreciation
Nov 22, 2025

Price Change

Indiana Regional MLS #202547048

$675,000
Nov 22, 2025

Listed (Active)

Indiana Regional MLS #202547048

$650,000
DateEvent & SourcePrice
11/22/2025

Price Change

Indiana Regional MLS #202547048

$675,000
11/22/2025

Listed (Active)

Indiana Regional MLS #202547048

$650,000

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

Public Records for 371 West 12th Street

Taxable ValueLand$12,400Additions$86,400Total$98,800
Tax Record2024$3,031 ($253 / month)
Home Facts
Baths4Total Finished SqFt3,012 SqFtAbove Grade Finished SqFt3,012 SqFtStories2Lot Size27,760 SqFtStyleTriplexYear Built1880Year Renovated1954CountyMIAMIAPN52-08-28-301-061.000-016

Schools near 371 West 12th Street

This home is within Peru Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Public - 7 to 8
Rating
School
Distance
Elmwood Primary Learning Center
PublicPK to 2

Blair Pointe Upper Elementary
Public3 to 6

Peru High School
Public7 to 12

Peru Junior High School
Public7 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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371 West 12th Street is a multi-family home for sale in Peru, IN 46970. This property was listed for sale on November 22, 2025 by True Realty, it's currently listed at $650,000. This listing's school district is Peru Community Schools. Nearby schools include Elmwood Primary Learning Center, Blair Pointe Upper Elementary and Peru High School. 371 West 12th Street is a 22-bed, 15-bath, 12,306 sqft multi-family home 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 True 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.