316 S Lee Street, Garrett, IN 46738

Garrett
Local realty services provided by:Better Homes and Gardens Real Estate Connections
316 S Lee Street,Garrett, IN 46738
$219,900
Virtual Tour
  • 3 Beds
  • 3 Baths
  • 2,004 sq. ft.
  • Multi-family
  • Pending
Listed by: ivan koblovCell: 317-850-7985
Office: keller williams indy metro ne
MLS#:202632112
Source:Indiana Regional MLS

Price summary

  • Price:$219,900
  • Price per sq. ft.:$81.29

About this home

Well maintained fully occupied triplex - one of NE Indiana's stronger, faster-appreciating submarkets. Two units thoroughly updated within the last few years; third in good condition with a long-term tenant. Unit 1 (first floor, most updated): $1,000/mo Unit 2 (upstairs, long-term tenant, about 10 yrs): $750/mo Unit 3 (back, updated): $1,050/mo Owner pays utilities and lawn care. Off-street parking for 3-4 vehicles. Separate basement access for all units. 3 separate washer/dryer connections (gas and electric) are available and currently unused. Gross: $33,600/yr NOI: $24,900/yr Cap rate: 11.3% GRM 6.5

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Home facts

  • Year built:1900
  • Subdivision & Development:None
  • Listing ID #:202632112
  • Added:47 day(s) ago
  • Updated:September 24, 2026 at 09:01 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Mixed
  • Basement Description:Partial Basement
  • Living area:2,004 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Hot Water

Structure and exterior

  • Year built:1900
  • Building area:2,004 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Irregular
  • Architectural Style:One and Half Story
  • Construction Materials:Aluminum, Brick
  • Levels:1 1/2 Stories

Schools

  • High school:Garrett
  • Middle school:Garrett
  • Elementary school:J.E. Ober

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$219,900
  • Price per sq. ft.:$81.29
  • Tax amount:$800

Parking

  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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