917 8th Ave

Summary:

Investing in the property at 917 8th Ave, Terre Haute, IN 47804, presents a promising opportunity for real estate investors seeking affordability, rental income potential, and strategic location. This single-family home, built in 1900, offers 928 square feet of living space, encompassing 2 bedrooms and 1 bathroom, situated on a 5,110 square foot lot.

Property Details/Condition:

Bedroom: 2 Bed
Bathroom: 1 Bath
Building Size: 928 Sqft. 
Lot Size: .117 Acres
Occupancy: Vacant
Furnace: 3 Years Old
HWH: 2 Years Old
Roof: 2 years Old
Things to Note:

Rental Market Potential: The rental market in Terre Haute has been experiencing consistent growth. As of January 2025, the median rent for all property types is $942, reflecting an 11% increase over the previous year. Specifically, two-bedroom apartments average $1,082 per month, indicating strong demand for properties like 917 8th Ave. This upward trend suggests a robust rental market, enhancing the potential for steady rental income.

Strategic Location Benefits: Located in the 47804 ZIP code, the property benefits from proximity to key amenities and institutions. Terre Haute is home to several higher education institutions, including Indiana State University, Rose-Hulman Institute of Technology, and Ivy Tech Community College. The presence of these institutions contributes to a steady influx of students, faculty, and staff, creating sustained demand for rental housing. Additionally, the property's location offers convenient access to shopping centers, dining establishments, and recreational facilities, enhancing its appeal to potential tenants.