2600 6th St, Bedford, IN, 47421
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1985
Materials
- Roof: Shingle
- Construction materials: Vinyl Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Basement: Crawl Space,Block
Bedrooms & Bathrooms
- Bedrooms: 88
- Bathrooms: 44
- Full bathrooms: 44
Features
- Laminate Counters
- Flooring: Carpet,Laminate
- Finished area below ground: 0
- Finished area above ground: 34,212
Heating & Cooling
- Heating features: Electric,Conventional
- Cooling features: Central Air
Interior Area
- Total structure area: 34,212
- Total interior livable area: 34,212 sqft
Property
Details
- Parcel number: 470615100089.000010
Features
- Levels: One
- Stories: 2
- Patio & porch: Deck
- Fencing: None
Lot
- Lot size: 5.55 Acres
- Features: Few Trees,City/Town/Suburb
Parking
- Total spaces: 88
- Parking features: Parking Lot,Concrete
- Has uncovered spaces: Yes
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
- Strong Wind
- Tornado
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,169 | $182,028 |
| Home Insurance * | $2,208 | $26,496 |
| Property Taxes | $1,725 | $20,700 |
| Electricity | $3,136 | $37,634 |
| Total | $22,238 | $266,856 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-07 | Listed for sale | $3,000,000 |
| 2021-04-10 | Sold | $2,195,000 |
| 2021-01-01 | Listed for sale | $2,295,000 |
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