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713 Reed St, Columbus, IN, 47201

3beds
2baths
--sqft
$225,000
--price/sqft
$1,883/moest. monthly cost
$75,320/yrincome needed

About This Home

Excellent opportunity for a 2-unit income producing property. This conversion two unit home was updated with a new roof and siding in 2025. Lower unit is a 1 bed/1 bath unit that retains much of the original early 1900's character and has basement access which includes a washer & dryer. The upper unit is a 2 bed/1 bath unit with an entrance from the side building. Upper unit is vacant and ready for you to select your next tenant. Parking in the rear off the alley. Tenants pay gas & electric. Landlord pays water & sewer. Centrally located with easy access to all parts of town. Photos show the interior of the vacant upper unit. Interior photos of the lower unit not included for the privacy of the tenants.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
69
BikeBikeable

Schools

5/10
Central Middle SchoolGrades 7-80.3 mi
7/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Block
  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Farmhouse
  • Property subType: Multi Family,Duplex

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Full,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Property

Details

  • Parcel number: 039619320004500005

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,791 sqft
  • Features: City Lot,Sidewalks

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Winter Weather
Cold Wave
Earthquake
Hail
Lightning
Strong Wind

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,137$13,644
Home Insurance *$138$1,656
Property Taxes $424$5,088
Electricity $184$2,212
Total$1,883$22,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,560/yr
40% on housing$56,490/yr
45% on housing$50,213/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.6%
5.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 47201$146
Bartholomew County$140

vs Homes Sold Last Month

Median $/sqft

ZIP 47201$154
Bartholomew County$143

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-22Price change$225,000
2026-05-18Price change$245,000
2025-05-20Price change$199,000
2025-02-27Price change$210,000
2024-11-27Listed for sale$225,000
2012-06-06Sold$24,900
2012-05-17Price change$26,000
2012-04-20Listed for sale$28,500
2012-02-14Sold$37,350

For Sale by Agent

AgentRusty Downey
BrokerageCarpenter, REALTORS®

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