226 East Washington Street

Rensselaer, IN 47978

$599,000
Price
Beds
5,170 Sq. Ft.
$116 / Sq. Ft.
5,170
Sq. Ft.
$116
per Sq. Ft.

Description

Investment Opportunity Immediate Passive Income Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy,...Investment Opportunity Immediate Passive Income Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Rents totally $55,000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!
  1. Listed by Trisha Potts • RE/MAX Executives
    P: (219)-204-8312 C: (219)-204-8312 trishamariepotts@gmail.com

Property Details for 226 East Washington Street

Subdivision
City/Rensselaer
Pets Allowed
Call
LISTING UPDATED: 12/17/2024 05:06 PM

Property Details for 226 East Washington Street

StatusActive
MLS #814093
Days on Market1
Taxes$1,165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1906
Lot Size0.25 AC / 10,934 SF
CountyJasper County

Building Information for 226 East Washington Street

Stories-Residences4Year Built1906Building Size-Lot Size0.25 AC / 10,934 SF

Property Information for 226 East Washington Street

Summary
Location and General Information
  • Directions: McKinley to Washington, property on the corner.
  • Cross Street Address: McKinley
  • City/Town: Rensselaer
  • State: IN
  • Township: Marion
  • ZIP: 47978
  • Latitude: 40.94
  • Longitude: -87.15
  • County: Jasper
Taxes and HOA
  • Annual Tax Amount: $1,165.00
  • APN/Key #: 370730020017209027
  • Tax Year: 2023
  • Tax Legal Description: ORIG PLAT E 110' LOTS 1 & 2 BLK 20
Parking
  • Garage Description: Additional Parking, Asphalt, Direct Access, Common, Attached Carport
Property
Lot Information
  • Lot Square Footage: 10,934.00
  • Total Sq. Ft.: 5170.0
  • Square Footage Source: Assessor
  • Acres: .25
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1906
  • Lot Description: Corner Lot
  • Road Access: City Street
Utilities
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected
  • Electric: 200+ Amp Service, Separate Meters
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Entrance
  • Out Buildings: None
  • Foundation Details: Block, Combination
  • Levels: Quad-Level
Interior Features
  • Appliances: Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer
  • Basement Type: Apartment, Finished
  • Basement: Yes
  • Basement Sq Ft: 1440.0
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Luxury Vinyl
  • Equipment: None
  • Heat Type: Forced Air, Natural Gas
  • Interior Features: Ceiling Fan(s), Granite Counters, High Ceilings
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: All Utilities

Property History for 226 East Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 226 East Washington Street

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size87 SqFtStyleGovernmental / Public UseZoningBUFFCountyJASPERAPN37-07-30-000-017.289-027

Schools near 226 East Washington Street

This home is within Rensselaer Central School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rensselaer Central Primary School
PublicPK to 2

Van Rensselaer Elementary School
Public3 to 5

Rensselaer Middle School
Public6 to 8

Rensselaer Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

226 East Washington Street is a multi-family home for sale in Rensselaer, IN 47978. This property was listed for sale on December 17, 2024 by RE/MAX Executives, it's currently listed at $599,000. It has been on the market for a total of 0 days and was last sold on September 19, 2022. This listing's school district is Rensselaer Central School Corp. Nearby schools include Rensselaer Central Primary School, Van Rensselaer Elementary School and Rensselaer Middle School. 226 East Washington Street is a 0-bed, 0-bath, 5,170 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Executives

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.