Pending

$599,000

226 E Washington St, Rensselaer, IN 47978

--beds

--baths

--sqft

Est.:

Quadruplex

Built in 1906

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

***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. Gross rents total $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!

386 days

25

0

Facts & features

Interior

Heating

Forced Air, Natural Gas

Appliances

Included: Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
Laundry: Multiple Locations, In Unit

Features

Ceiling Fan(s), High Ceilings, Granite Counters
Windows: Blinds, ENERGY STAR Qualified Windows
Basement: Apartment,Finished
Has fireplace: No

Interior area

Finished area above ground: 3,730

Property

Parking

Parking features: Additional Parking, Direct Access, Common, Attached Carport, Asphalt
Has carport: Yes

Features

Levels: Quad-Level
Patio & porch: Covered, Rear Porch, Front Porch
Exterior features: Private Entrance
Pool features: None
Fencing: None
Has view: Yes
View description: Downtown

Lot

Size: 0.25 Acres
Features: Corner Lot

Details

Parcel number: 370730020017209027

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

Updated/Remodeled
New construction: No
Year built: 1906

Utilities & green energy

Electric: 200+ Amp Service, Separate Meters
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Community & HOA

Community

Features: None
Security: Carbon Monoxide Detector(s), Varies By Unit, Smoke Detector(s)
Subdivision: City/Rensselaer

Location

Region: Rensselaer

Financial & listing details

Tax assessed value: $95,400
Annual tax amount: $1,165
Date on market: 12/17/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$1,312/mo

Price history

Date	Event	Price
10/25/2025	Pending sale	$599,000
Source: NIRA #814093 Report a problem
12/17/2024	Listed for sale	$599,000+59800%
Source: NIRA #814093 Report a problem
6/10/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/14/2024	Price change	$1,300-7.1%
Source: Zillow Rentals Report a problem
5/1/2024	Price change	$1,400-6.7%
Source: Zillow Rentals Report a problem