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Portland, IN Multifamily Home for Sale

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    $114,900

    • 2 Beds
    • 1.5 Baths
    • 2,096 Sq Ft

    422 E Water St Unit A-B, Portland, IN 47371

    This unique property seamlessly combines a small commercial space with a cozy 2-bedroom residential unit, offering the flexibility and convenience of a live-work setup. The commercial area features excellent visibility, ideal for attracting customers, and ample storage space to accommodate your inventory needs. Meanwhile, the attached 2-bedroom residence offers comfortable living quarters with

    Paul Faddis Tarter Realty Auction and Appraisal Company

    422 E Water St Unit A-B, Portland, IN 47371

Why Live in Portland

Portland is a laid-back, blue-collar town about 10 minutes from the Ohio border. With a population of just over 6,000, it is the seat of Jay County and home to most county services. “We have a strong, rich heritage and a lot of family traditions and assets that have been here since about 1835,” says lifelong resident and Portland Mayor Jeff Westlake. The community has attractions like Arts Place, a hub for artistic enrichment, and the annual Tri-State Gas Engine and Tractor Show in August, which draws massive crowds. “We have a diverse manufacturing market, a low unemployment rate and a low cost of living,” says Ceann Bales, executive director of the Jay County Community Development Corporation. “We have a strong manufacturing base and people who commute in from the Ohio side and the surrounding Indiana counties. Family ties also bring people here.” The housing stock mainly consists of homes built from the early 1900s through the 1980s. Those built after 2000 are rare. Buyers can find Victorian, National, bungalow and ranch-style homes on compact lots. Driveways, detached garages and street parking are typical, but it’s not uncommon to spot attached one-car garages. Portland’s

Home Trends in Portland, IN

Housing Trends

Median Sale Price
$225,000
Median Single Family Sale Price
$225,000
Average Price Per Sq Ft
$106
Number of Homes for Sale
2
Last 12 months Home Sales
66
Months of Supply
0.40
Median List Price
$225,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
27%
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