Investors seeking immediate rental income, look no further! This fully occupied 3-unit apartment building presents a stable income opportunity. All units are currently leased, minimizing vacancy risk. The property offers two 1-bedroom units’ downstairs and a large 4-bedroom unit upstairs. You will have peace of mind knowing the gas furnace was replaced in 2022. Currently, the owner covers lawncare, gas, water, & sewer while the tenants cover their own electricity.
Active under contract
$150,000
481 Alena St, Wabash, IN 46992
6beds
2,400sqft
Est.:
Triplex
Built in 1930
-- sqft lot
$143,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 42 days
- on Zillow |
- 514 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 05:03am
Listed by:
Nicole Harrison nkuyper@kw.com,
Keller Williams Realty Group
Source: IRMLS,MLS#: 202508276

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Laminate Counters
- Flooring: Laminate, Wood
- Basement: Full
Interior area
- Total structure area: 4,800
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662.8 Square Feet
- Dimensions: 51x113
- Features: Level
Details
- Additional structures: None
- Parcel number: 851440203004.000009
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Foundation: Basement
- Roof: Metal,Shingle
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: NIPSCO
- Sewer: City
- Water: City, Indiana American Water Co
Community & HOA
Community
- Subdivision: Other
Location
- Region: Wabash
Financial & listing details
- Tax assessed value: $76,100
- Annual tax amount: $1,497
- Date on market: 3/14/2025
- Listing terms: Cash,Conventional
- Inclusions: Building
- Lease term: 12 Months
- Total actual rent: 27900
- Tenant pays: Cable TV, Electricity
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