235-309 8th Avenue NW, DeMotte, IN 46310 (MLS# 838711)

235-309 8th Avenue NW, DeMotte, IN 46310

$899,900

Property Type: Commercial Sale Square Footage: 10,512 Lot Size (sq. ft.): 39,248 Status: Pending

Current Price: $899,900 List Date: 5/12/2026 Last Modified: 5/19/2026

Overview

Description

Attention investors! This a rare opportunity to add some multi family rentals to your investment portfolio! These 2 adjoining apartment buildings are located in Demotte and offer giving you 13 units total in one convenient location. (10) of the units are 2 bedroom/1 bath with (3) units being 1 bed/1bath & 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 10 more units for sale just 140 ft way- see MLS # 838712. These opportunities rarely become available, don't miss out!

Listing Details MLS# 838711

General Property Information

Number Of Units Total: 13
Living Area: 10512
Building Area Source: Assessor
Year Built: 1979
Parking Total: 20
Lot Size Acres: 0.901
Lot Size Square Feet: 39247.56
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: 2

Property Features

Appliances: Dishwasher; Gas Water Heater; Range; Range Hood; Refrigerator Building Features: Multi Tenant Business Type: Other Construction Materials: Brick; Wood Siding Cooling: Other Current Use: Multi-Family; Residential Electric: Other Exterior Features: Balcony Flooring: Carpet; Vinyl Heating: Forced Air; Natural Gas Listing Terms: Cash; Conventional Lot Features: Few Trees Owner Pays: Gas; Insurance; Sewer; Snow Removal; 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 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: 235-309
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 2 adjoining apartment buildings are located in Demotte and offer giving you 13 units total in one convenient location. (10) of the units are 2 bedroom/1 bath with (3) units being 1 bed/1bath & 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 10 more units for sale just 140 ft way- see MLS # 838712. These opportunities rarely become available, don't miss out!

Status Change Information

Major Change Timestamp: 2026-05-19T14:24:36Z
Major Change Type: Status Change
Status Change Timestamp: 2026-05-19
Offer Acceptance Date: 2026-05-19

More Information

Exemption Information

Exemption YN: Yes
Exemptions: 2% Deduction

Income and Expenses

Gross Income: 98700
Insurance Expense: 6003
Net Operating Income: 73708
Operating Expense: 24991.98
Sewer Expense: 5873.4
Trash Expense: 2541.12

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: 7621
Tax Year: 2025
Tax Legal Description: WHITE OAKS ADD NO 1 PROSPECT HILL ADD LOTS 4, 5
Parcel Number: 371522000012005025
Additional Parcels YN: No
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: Almond St NW

Appliances

Dishwasher: Yes
Gas Water Heater: Yes
Range: Yes
Range Hood: Yes
Refrigerator: Yes

Construction Materials

Brick: Yes
Wood Siding: Yes

Cooling

Other: Yes

Electric

Other: Yes

Exterior Features

Balcony: 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

Gas: Yes
Insurance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes

Tenant Pays

Electricity: 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 - 19 - 2026

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