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1702 & 1704 24th St, Bedford, IN, 47421

3beds
3baths
--sqft
$179,900
--price/sqft
$1,494/moest. monthly cost
$59,760/yrincome needed

About This Home

Investment Opportunity - Fully Occupied Duplex with Upside Potential! Don't miss this excellent income-producing duplex featuring stable tenants and strong future cash-flow potential. Both units are currently occupied on month-to-month leases, offering flexibility for investors or owner-occupants alike. One long-term tenant has called the property home for over seven years, reflecting the stability and desirability of the property. This well-maintained duplex offers a total of 3 bedrooms and 3 bathrooms, including: One spacious 2 bed / 2 bath unit One comfortable 1 bed / 1 bath unit Each unit includes: Laundry hookups Kitchen appliances included Functional layouts designed for comfortable living Current rents are below market value, creating an outstanding opportunity for investors to increase income potential over time. For added peace of mind, the seller is including a home warranty, providing extra protection and confidence for the new owner. Whether you're looking to expand your portfolio or step into multifamily investing, this duplex offers immediate rental income with room for growth.

Getting Around

51
WalkingSomewhat Walkable
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

6/10
6/10
Bedford Middle SchoolGrades 7-80.7 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Property

Details

  • Parcel number: 470623320054000010

Lot

  • Lot size: 3,049 sqft

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
    Strong WindRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather

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 $909$10,908
Home Insurance *$132$1,584
Property Taxes $269$3,228
Electricity $184$2,212
Total$1,494$17,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,222/yr
40% on housing$44,820/yr
45% on housing$39,840/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: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
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 47421$133
Lawrence County$128

vs Homes Sold Last Month

Median $/sqft

ZIP 47421$132
Lawrence County$125

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
2026-05-07Listed for sale$199,900

For Sale by Agent

AgentZachary Gibson
BrokerageCarpenter, REALTORS®

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