Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units—each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.
Closed
$192,000
106 W Grace St, Rensselaer, IN 47978
8beds
3,960sqft
Multi Family
Built in 1948
-- sqft lot
$192,100 Zestimate®
$--/sqft
$1,466 Estimated rent
Home value
$192,100
Estimated sales range
Not available
$1,466/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 02:12pm
Listed by:
James Taulman 219-869-2782,
Stucker Rlty Inc
Bought with:
LAF NonMember
NonMember LAF
Source: IRMLS,MLS#: 202545828
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Features
- Flooring: Carpet, Vinyl
- Basement: Full,Unfinished,Block
Interior area
- Total structure area: 5,820
- Total interior livable area: 3,960 sqft
- Finished area above ground: 3,960
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,624 sqft
- Features: Corner Lot, Level
Details
- Additional structures: None
- Parcel number: 370730011017.019027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Rensselaer
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 34800
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $192,000-36% |
Source:  IRMLS #202545828 | ||
| 11/29/2025 | Pending sale | $299,900$76/sqft |
Source:  NIRA #830642 | ||
| 11/11/2025 | Listed for sale | $299,900$76/sqft |
Source: NIRA #830642 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 47978
Nearby schools
GreatSchools rating
- 9/10Van Rensselaer Elementary SchoolGrades: 3-5Distance: 0.6 mi
- 6/10Rensselaer Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Rensselaer Central High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Rensselaer Central
- Middle: Rensselaer Central
- High: Rensselaer Central
- District: Rensselaer Central School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$192,100
2% more+ $3,842
With Zillow Showcase(estimated)
$195,942