$375,000

102 S Main St Claypool, IN 46510

Estimated payment $2,526/month

Total Views 1,868
10 Beds
6 Baths
6,204 Sq Ft
$60 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Carpet
  • Edgewood Middle School Rated A
  • Baseboard Heating

About This Home

Brimming with charm and bursting with opportunity, this stately multi-unit building is a true gem for any investor! Standing tall with timeless character, the property boasts recent updates that enhance its appeal. Inside, you'll find generously sized units that tenants will love—bright, spacious, and full of possibilities. With separate gas and electric utilities, you'll enjoy maximized profits without the burden of extra utility costs, and city water and sewer provide worry-free convenience—no well or septic headaches here! Currently configured as a 4-unit powerhouse, this building offers exciting room to grow—with the potential to expand to 6 units, the income possibilities truly shine! Unit 1: 2 bed/1 bath with a bonus 1 bed/1 bath in-law suite. Unit 2: 2 bed/1 bath plus a bonus studio in-law suite. Unit 3: Spacious 3 bed/1 bath. Unit 4: 2 bed/1 bath. Thinking even bigger? Add coin-operated laundry, self-storage options, or transform space into even more rental units—your earning potential just keeps growing. With newer mechanicals and gas water heaters for added efficiency and reliability. Don't miss this sparkling opportunity to own a versatile, income-generating property that’s ready to work for you from day one!

Listing Agent

James Bausch

RE/MAX Results- Warsaw Brokerage Phone: 574-742-4531 Listed on: 07/16/2025

RE/MAX Results- Warsaw

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,681

Year Built

  • Built in 1925

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 90x66
  • Corner Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Claypool Elementary School
  • Edgewood Middle School
  • Warsaw High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 43-15-20-100-015.000-002

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,796
  • Trash Expense $2,000
  • Water Sewer Expense $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,681

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1925
  • Age: 100
  • Style: Two Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: 2-77-2 PT E 1/2 LOT 1 & N 24' E 1/2 LOT 2 CLAYPOOL
  • Parcel Number ID: 43-15-20-100-015.000-002
  • Platted: Yes
  • Amenities: Basement
  • Cross Street: Section St
  • Monthly Gross Income: 5620
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 9306
  • Total Finished Sq Ft: 6204
  • Above Grade Finished Sq Ft: 6204
  • Below Grade Sq Ft: 3102
  • Price Per Sq Ft: 60.44
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Total Below Grade Sq Ft: 3102
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2796
  • Annual Trash Expense: 2000
  • Annual Water Sewer Expense: 3600
  • Number Electric Meters: 5
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Claypool
  • Middle School: Edgewood
  • High School: Warsaw
  • Elementary School: Claypool

Lot Info

  • Lot Description: Corner, 0-2.9999
  • Lot Dimensions: 90X66
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 12

Rental Info

  • Lease Term: Week to Week, Month to Month
  • Owner Pays: Sewer, Trash Collection
  • Tenant Pays: Electric, Heating, Water

Multi Family

  • Gross Monthly Rent: 5620
  • Number Of Refrigerators: 6
  • Number Of Units: 4
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 5680.56

MLS Schools

  • High School: Warsaw
  • Middle School: Edgewood
  • School District: Warsaw Community

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Sale $375,000 -- $60 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202527751

Indiana Regional MLS