Listing courtesy of @properties · Listing agent: Will Smith
119 S Second Street
$595,000
$115.98 / sq ft
Boonville, IN 47601
Original price $625,000 · Price reduced on June 20, 2026
- Basement
- Bedrooms
- 8
- Bathrooms
- 8
- Living area
- 5,130 sq ft
- Lot
- 0.13 ac
- Year built
- 1901
- Type
- Eightplex
- Listed
- November 24, 2025
- MLS #
- 202547173
About this home
Conveniently located on the Boonville Square, this well-maintained investment property features eight studio-style apartments with consistent rental history. Each unit includes a full kitchen with appliances, LVT flooring, a spacious living area, a bedroom nook large enough for a king-sized bed, and a full bath with a tub/shower combo. Tenants have access to an on-site coin-operated laundry center that generates additional income, along with limited off-street parking available on a first-come, first-served basis. All eight units are currently occupied, offering immediate cash flow and long-term potential.
Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 7,470 sq ft
- Finished area above grade
- 5,130 sq ft
- Unfinished area below grade
- 2,340 sq ft
- Below grade total
- 2,340 sq ft
- Bedrooms above grade
- 8
- Basement
- Full
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Natural Gas
- Cooling
- Central Air
- Amenities
- Off Street Parking, Open Floor Plan
Exterior & parking
- Construction
- Asphalt, Brick, Wood Siding
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.13 ac
- Lot dimensions
- 39X149
- County
- Warrick County
- Township
- Boon
- Platted
- Yes
- Planned unit development
- No
- Directions
- Head East on W. Locust St., turn left on 3rd St, turn left on W. Main St., and left on 2nd St.
Schools
- Elementary school
- Oakdale
- Middle school
- Boonville
- High school
- Boonville
- School district
- Warrick County School Corp.
Taxes & terms
- Annual taxes
- $4,690
- Tax year
- 2025
- Assessed value
- $11,300
- Possession
- Immediate
- Parcel number
- 87-09-26-404-184.000-003
Included in the sale
- Included in sale
- Building,Lease,Other
Utilities
- Water
- Public
- Sewer
- Public Sewer
Income & commercial
- Units
- 8
- Annual gross rent
- $69,660
- Net operating income
- $51,838
- Lease term
- 12 Months
- Parking spaces
- 3
- Pets allowed
- Yes
- Tenant pays
- Cable TV, Cooling, Electricity, Fuel, Heat, Sewer, Water
- Electric meters
- 8
- Gas meters
- 8
- Insurance (annual)
- $2,122
- Water & sewer (annual)
- $3,873
- Electric (annual)
- $871
- Fuel (annual)
- $871
- Trash (annual)
- $495
- Maintenance (annual)
- $4,721