1957 E State Road 524, Wabash, IN 46992
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: sarah mast
Office: real broker, llc.
MLS#:202547063
Source:Indiana Regional MLS
Price summary
- Price:$619,500
- Price per sq. ft.:$122.72
About this home
This fully updated 5-unit apartment strip sits on a sprawling 10-acre parcel and is 100% rented—offering instant income for savvy investors. The complex includes (2) one-bedroom units and (3) two-bedroom units, all modernized and well-maintained for long-term tenant retention. In addition to the apartments, the property features a spacious 3,136 sq ft home with 3-4 bedrooms, 3 full baths, and a 2-car attached garage with a full loft. With the right zoning approval, this home could easily be converted into a duplex, adding even more rental potential. But that’s not all, this property also includes multiple concrete pads perfect for campers, park models, or small trailers, opening the door for expanded income streams such as short-term rentals or seasonal tenants. Whether you're looking to diversify your portfolio, generate passive income, or expand into multi-unit or vacation rental markets, this property offers incredible potential and flexibility.
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Home facts
- Year built:1942
- Listing ID #:202547063
- Added:1 day(s) ago
- Updated:November 23, 2025 at 05:46 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,136 sq. ft.
Heating and cooling
- Cooling:Central Air, Multiple Cooling Units, Window
- Heating:Forced Air, Gas, Propane Tank Owned
Structure and exterior
- Roof:Metal, Shingle
- Year built:1942
- Building area:3,136 sq. ft.
- Lot area:10 Acres
Schools
- High school:Northfield
- Middle school:Northfield
- Elementary school:Metro North/Sharp Creek
Utilities
- Water:Private, Well
- Sewer:Private, Septic
Finances and disclosures
- Price:$619,500
- Price per sq. ft.:$122.72
- Tax amount:$3,200
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