226 E Washington Street, Rensselaer, IN 47978

Local realty services provided by:Better Homes and Gardens Real Estate Connections
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Listed by:trisha potts
Office:re/max executives
MLS#:814093
Source:Northwest Indiana AOR as distributed by MLS GRID
226 E Washington Street,Rensselaer, IN 47978
$599,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$599,000

About this home

***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!

Contact an agent

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Home facts

  • Year built:1906
  • Listing Id #:814093
  • Added:239 day(s) ago
  • Updated:June 27, 2025 at 02:44 PM

Structure and exterior

  • Year built:1906
  • Lot area:0.25 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$599,000
  • Tax amount:$1,165 (2023)
Based on information submitted to the MLS GRID as of June 27, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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