335, 375, 415 8th Avenue NW, DeMotte, IN 46310

New Listing

$899,900

Property Type: Commercial Sale Square Footage: 9,292 Lot Size (sq. ft.): 40,946 Status: Active

Current Price: $899,900 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

Description

Attention investors! This a rare opportunity to add some multi family rentals to your investment portfolio! These 3 adjoining properties are located in Demotte and offer (2) 4 unit buildings with a duplex in the middle, giving you 10 units total in one convenient location. All units are 2 bedroom/1 bath & all are fully occupied. All except 2 tenants are on month to month leases giving you the flexibility to implement your own leases and rents to meet your business model. If you're looking for more units the same sellers have a 6 unit and 7 unit building for sale just 140 ft way- see MLS # 838711. These opportunities rarely become available, don't miss out!

Listing Details MLS# 838712

General Property Information

Number Of Units Total: 10
Living Area: 9292
Building Area Source: Assessor
Year Built: 1976
Year Built Details: 335 & 415: 1976 375: 1995
Parking Total: 25
Lot Size Acres: 0.94
Lot Size Square Feet: 40946.4
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No

Property Features

Appliances: Dishwasher; Range; Range Hood; Refrigerator Building Features: Multi Tenant Business Type: Other Construction Materials: Brick; Stucco; Vinyl Siding Cooling: Central Air Current Use: Multi-Family; Residential Electric: Other Flooring: Carpet; Vinyl Heating: Forced Air; Natural Gas Listing Terms: Cash; Conventional Lot Features: Few Trees Owner Pays: Insurance; Sewer; Taxes; Trash Collection Parking Features: Asphalt; Driveway Possession: Subject To Tenant Rights Possible Use: Multi-Family; Residential Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected View: Neighborhood Water Source: Well

Contract Information

Auction YN: No
Original List Price: 899900
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: J&J LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 335, 375, 415
Street Name: 8th
Street Suffix: Avenue
Street Direction Suffix: NW
County: Jasper
State: IN
Postal Code: 46310
Subdivision Name: N/A

Remarks and Miscellaneous

Public Remarks: Attention investors! This a rare opportunity to add some multi family rentals to your investment portfolio! These 3 adjoining properties are located in Demotte and offer (2) 4 unit buildings with a duplex in the middle, giving you 10 units total in one convenient location. All units are 2 bedroom/1 bath & all are fully occupied. All except 2 tenants are on month to month leases giving you the flexibility to implement your own leases and rents to meet your business model. If you're looking for more units the same sellers have a 6 unit and 7 unit building for sale just 140 ft way- see MLS # 838711. These opportunities rarely become available, don't miss out!

Status Change Information

Major Change Timestamp: 2026-05-12T15:14:06Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-12

More Information

Exemption Information

Exemption YN: Yes
Exemptions: 2% Deduction

Income and Expenses

Gross Income: 94200
Insurance Expense: 5029
Net Operating Income: 75017
Operating Expense: 19182.63
Sewer Expense: 4518
Trash Expense: 2540.88

Showing Requirements

Showing Instructions: Please use ShowingTime; seller will provide access. Showings only being set Wed, Sat (all day), & Fri. 3pm and after.

Location, Tax, and Legal

School District: Kankakee Valley
Tax Annual Amount: 6645
Tax Year: 2025
Tax Legal Description: RE-SUBDIVISION OF LOTS 1, 2 & 3 OF WHITE OAKS ADDN NO. 1 TO PROSPECT HILL SUBD. PARCELS A, B & C
Parcel Number: 371522000012003025
Additional Parcels YN: Yes
Additional Parcels Description: 371522000012002025 371522000012001025
Township: Keener
Directions: From US-231/Halleck St, head North. At the North end of DeMotte, turn left onto 8th Ave NW & follow to property on the left side.
Cross Street: Dogwood St NW

Appliances

Dishwasher: Yes
Range: Yes
Range Hood: Yes
Refrigerator: Yes

Construction Materials

Brick: Yes
Stucco: Yes
Vinyl Siding: Yes

Cooling

Central Air: Yes

Electric

Other: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Few Trees: Yes

Parking Features

Asphalt: Yes
Driveway: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes

View

Neighborhood: Yes

Water Source

Well: Yes

Owner Pays

Insurance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Current Use

Multi-Family: Yes
Residential: Yes

Possible Use

Multi-Family: Yes
Residential: Yes

Building Features

Multi Tenant: Yes

Business Type

Other: Yes

Rail Availability

None: Yes

Listing Office: Countryside Realty

Last Updated: May - 12 - 2026

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