900 E Cherry St, Petersburg, IN, 47567
About This Home
Strong income-producing triplex with great tenants in Petersburg! This fully occupied property features three units, including two 2-bedroom units and one 1-bedroom unit, all supported by a consistent rental history and expenses kept to a minimum. All units include appliances, updated kitchen cabinets, and have solid hardwood floors, giving a more resiliant option compared to other flooring types. Off-street parking adds additional tenant benefit and the storage area works out great for the property manager or owner to store equipment. This is a stabilized asset ideal for investors seeking reliable cash flow, low vacancy risk, and a solid addition to a growing portfolio. Don't miss this opportunity to step into an already performing property from day one and start your rental portfolio or add another quality asset to the list!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Roof: Asphalt
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Triplex
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: Washer Hookup
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Ceiling Fan(s),Bar,Eat-in Kitchen,Entrance Foyer,Kitchen Island
- Flooring: Laminate,Wood
- Finished area below ground: 0
- Finished area above ground: 2,316
Heating & Cooling
- Heating features: Natural Gas,Forced Air,Multiple Heating Systems,High Efficiency Furnace
- Cooling features: Central Air,Multi Units,Window Unit(s)
Interior Area
- Total structure area: 2,316
- Total interior livable area: 2,316 sqft
Property
Details
- Parcel number: 630222740600.800012
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered,Porch
- Fencing: None
Lot
- Lot size: 0.25 Acres
- Features: Corner Lot,Sloped,City/Town/Suburb
Parking
- Total spaces: 4
- Parking features: Gravel,Off Street,Off Street Parking
- 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
- Earthquake
- Hail
- 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 | $1,263 | $15,156 |
| Home Insurance * | $273 | $3,276 |
| Property Taxes | $389 | $4,668 |
| Electricity | $212 | $2,547 |
| Total | $2,137 | $25,644 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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 |
|---|---|---|
| 2026-04-24 | Listed for sale | $249,900 |
| 2026-04-04 | Listing removed | $265,000 |
| 2026-03-13 | Price change | $265,000 |
| 2025-10-03 | Listed for sale | $275,000 |
| 2018-09-02 | Listing removed | $99,500 |
| 2016-09-02 | Price change | $99,500 |
| 2014-09-09 | Listed for sale | $117,760 |
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