Historic Duplex Property with Renovation Potential
We are pleased to announce the successful sale of a historic duplex located at 1102 & 1104 Cherry Street in Noblesville, Indiana. Built in 1900, this two-unit property offered a unique investment opportunity in the heart of Old Town Noblesville, just a five-minute walk from the Courthouse Square. With cafes, restaurants, a farmer’s market, and boutique shops nearby, the property combined central location with the charm of a historic residential neighborhood.
The duplex features a total of 7 bedrooms and 4 bathrooms, split across two separate units. Unit 1104 was rented at the time of sale, providing immediate cash flow, while Unit 1102 was vacant, offering the new owner flexibility to renovate, reposition, or lease at market rates. This setup allowed for both short-term occupancy optimization and long-term value-add potential, appealing to investors seeking a property with multiple growth avenues.
Old Town Noblesville remains a highly desirable area for both renters and buyers. Its walkable streets, proximity to local amenities, and vibrant downtown atmosphere attract residents who value convenience, lifestyle, and historic charm. Multi-family properties in this location are rare, particularly those with renovation potential and flexible occupancy, making this duplex a standout in the market.
Structurally, the property retains classic architectural elements from its early 20th-century construction, which can be enhanced through thoughtful upgrades. Interior spaces offer versatility, allowing investors to tailor layouts to meet tenant demands or modernize finishes to increase rental rates. Properties like this provide the unique opportunity to combine historic character with modern functionality—a combination that continues to drive strong market interest.
From a financial perspective, this duplex was attractive at a lower price point relative to comparable multi-family properties, offering upside potential through both renovation and full occupancy. Investors looking for cash flow with room to grow will find that well-located duplexes like this one in Noblesville are increasingly rare. By optimizing rental income or improving unit finishes, the property could generate higher returns over time.
The successful sale of 1102 & 1104 Cherry Street reinforces the continued demand for small multi-family properties in Noblesville, particularly in historic and walkable neighborhoods. Buyers are increasingly looking for opportunities that blend lifestyle, location, and investment potential, and this duplex delivered on all fronts.
Congratulations to both the buyer and seller on a smooth transaction. If you are considering selling a duplex or small multi-family property in Noblesville, strategic market insight and professional guidance can help maximize results in this competitive market.
