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119 S 2nd St, Boonville, IN, 47601

8beds
8baths
5,130sqft
$595,000
$116price/sqft
$4,346/moest. monthly cost
$173,840/yrincome needed

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.

Getting Around

71
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

6/10
8/10
Boonville Middle SchoolGrades 6-80.7 mi
4/10
Boonville High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1901

Materials

  • Construction materials: Asphalt,Brick,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 8

Features

  • Open Floorplan
  • Flooring: Carpet,Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 5,130

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,470
  • Total interior livable area: 5,130 sqft

Property

Details

  • Parcel number: 870926404184.000003

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 5,662 sqft
  • Features: Level
  • Lot size dimensions: 39X149

Parking

  • Total spaces: 3
  • Parking features: Off Street Parking

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

  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

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

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 $3,008$36,096
Home Insurance *$531$6,372
Property Taxes $337$4,044
Electricity $470$5,643
Total$4,346$52,152
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$149,005/yr
40% on housing$130,380/yr
45% on housing$115,893/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: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$116This listing

vs Other Active Listings

Avg $/sqft

ZIP 47601$104
Warrick County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 47601$145
Warrick 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
2026-02-27Price change$600,000
2025-12-12Listed for sale$625,000
2025-12-09Pending sale$625,000
2025-11-24Listed for sale$625,000

For Sale by Agent

AgentWill Smith
Brokerage@properties

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