1957 E State Road 524, Wabash, IN 46992

Local realty services provided by:Better Homes and Gardens Real Estate Connections
1957 E State Road 524,Wabash, IN 46992
$619,500
Virtual Tour
  • 3 Beds
  • 3 Baths
  • 3,136 sq. ft.
  • Multi-family
  • Active
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:46 day(s) ago
  • Updated:January 08, 2026 at 04:29 PM

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
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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