c.1900 Four Bedroom Indiana Home With Many Original Elements Under $90K
OHU50K Notes $89,900
Realtor Comments
Triplex in the Heart of Decatur! Opportunity knocks! This early 1900s multifamily offers 2 units with 1BR/1BA each and 1 unit with 2BR/1BA, all with split meters. Two units are nearly rent-ready, while the third needs cosmetic kitchen rehab perfect for adding value. Featuring prime location minutes from 27, close to parks, schools, and local amenities. Natural ornate woodwork and hardwood floors. A great value for investors looking to add cash flow + equity!
- 4 bed
- 3 bath
- Build date 1900
Pros
Affordable Cost of Living
Housing is much more affordable than in many other places in Indiana or the U.S.
Other expenses like utilities, goods & services are lower or close to national averages; groceries somewhat lower too.
Modest Housing Market
Because homes are cheaper, it’s easier to buy with less money.
There has been some growth in home values recently, which suggests some stability or upward potential.
Lower Unemployment
The reported unemployment rate of ~2.5% is relatively low.
Relatively Favorable Commute & Simpler Life
Commute times are modest; many people drive, but distances are not huge.
Being a small city/town, you get less congestion, less hustle‑bustle than in big metro areas.
Safety Better Than Many Similar Places
Violent crime and property crime rates in Decatur are lower than national averages in several reports. It ranks reasonably well in safety relative to many towns its size.
Cons
Lower Income Levels & Poverty
Median income is well below U.S. median, so while costs are lower, incomes are lower too.
Poverty rate is ~ 15.2%, higher than national average.
Limited Educational Attainment / Opportunities
Only about 13% of adults have a bachelor’s degree; many have some college or just high school. This can limit opportunities in certain professions.
Fewer advanced educational or specialized training resources locally (typical for a small city).
Smaller Amenity / Service Base
Because Decatur is small, there are fewer entertainment, cultural, shopping, or specialty service options compared to larger cities. If you want variety, big events, etc., you might have to travel.
Housing Market Limitations
Some houses are older; maintenance costs or updates may be higher. There may be fewer new development options.
Property Crime Is Non‑Trivial
Although crime is lower than many places, property crimes (thefts, burglaries, etc.) are still present at rates that might concern some residents.
Lower Salaries & Fewer High‑Pay Jobs Locally
For high wage fields (specialized, tech, etc.), opportunities may be limited locally. Many jobs are likely in local retail, services, agriculture or small businesses.
