3-parcel investment opportunity totaling approximately ±0.34 acre, and containing a site-built home, a manufactured home, and a potential homesite! Being sold together. All parcels are adjacent and occupy the northwest corner of Madison and Division Streets in Oakland City. The first parcel includes a 3-bedroom, 1-bath home with a basement. The interior has been partially gutted but still requires significant renovation to be livable. The second parcel has an older 2BR-1BA manufactured home that also needs some renovations. The third parcel is a vacant lot where a manufactured home previously sat. It may offer the potential for another homesite, subject to verification of utilities and zoning. All three parcels offer potential for rental income after improvements. Properties are being sold as-is.
3-parcel investment opportunity totaling approximately ±0.34 acre, and containing a site-built home, a manufactured home, and a potential homesite! Being sold together. All parcels are adjacent and occupy the northwest corner of Madison and Division Streets in Oakland City. The first parcel includes a 3-bedroom, 1-bath home with a basement. The interior has been partially gutted but still requires significant renovation to be livable. The second parcel has an older 2BR-1BA manufactured home that also needs some renovations. The third parcel is a vacant lot where a manufactured home previously sat. It may offer the potential for another homesite, subject to verification of utilities and zoning. All three parcels offer potential for rental income after improvements. Properties are being sold as-is.
IRMLS #202616541
Jun 17, 2026
Price Changed
$49,900
$51/sq ft
May 4, 2026
Listed
$60,000
$61/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$76
$2,700 + $1,100
$3,800
2023
$76 (−76.1%)
$2,700 + $1,100
$3,800
2022
$318 (+287.8%)
$2,700 + $13,200
$15,900
2021
$82 (−3.5%)
$2,700 + $1,400
$4,100
2020
$85
$2,700 + $1,300
$4,000
2019
$85 (+2.4%)
$2,700 + $1,300
$4,000
2018
$83
$2,700 + $1,200
$3,900
2017
$83
$2,700 + $1,200
$3,900
2016
$83 (−2.4%)
$2,700 + $1,200
$3,900
2015
$85 (+2.4%)
$2,700 + $1,300
$4,000
2013
$83
$2,700
Public record
Beds
—
Baths
2
Stories
1
Lot width
50 ft.
Lot depth
70 ft.
Lot size
3,500 Sq. Ft.
Year renovated
1967
Finished Sq. Ft.
720
Unfinished Sq. Ft.
—
Total Sq. Ft.
720
Year built
1967
Style
Single Family Residential
County
Gibson County
APN
261418304001269007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 14, 2025.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 107° expected this year, 20 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Oakland City, IN • 47660
Average low and high temperatures (°F)
36
20
46
28
64
42
72
51
75
56
86
69
89
70
86
66
84
60
73
49
57
41
45
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 315-311 W Division St
$43,049
$6,851 under list price of $50K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $38K to $149K.