$299,900

106 W Grace St Rensselaer, IN 47978

Estimated payment $1,683/month

Total Views 819
8 Beds
5 Baths
3,960 Sq Ft
$76 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Carpet
  • Van Rensselaer Elementary School Rated 9+

About This Home

Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units—each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.

Listing Agent

James Taulman

Stucker Rlty Inc Listed on: 11/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1948

Lot Details

  • 8,625 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

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

Schools

  • Rensselaer Central Elementary And Middle School
  • Rensselaer Central High School

Utilities

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

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 37-07-30-011-017.019-027

Community Details

Overview

  • 5 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,400
  • Fuel Expense $1,500
  • Insurance Expense $1,500
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,228

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1948
  • Style: Two Story
  • Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: BENJ ADD PT BLK 1; ORIG PLAT LOT 12 BLK 11
  • Parcel Number ID: 37-07-30-011-017.019-027
  • Platted: Yes
  • Amenities: Basement
  • Special Features: None

Interior Features

  • Total Sq Ft: 5820
  • Total Finished Sq Ft: 3960
  • Above Grade Finished Sq Ft: 3960
  • Below Grade Sq Ft: 1860
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1860
  • Number Of Microwaves: 5
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 4400
  • Annual Fuel Expense: 1500
  • Annual Insurance Expense: 1500
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 6
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Rensselaer Central

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 8625
  • Estimated Lot Size Acres: 0.198

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1228

Multi Family

  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Rensselaer Central
  • Middle School: Rensselaer Central
  • School District: Rensselaer Central School Corp.

Map

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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 List to Sale Price per Sq Ft
11/11/2025 11/11/25 For Sale $299,900 -- $76 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202545828

Indiana Regional MLS
Indiana Jasper County Rensselaer 47978

106 W Grace St, Rensselaer, IN

For Sale

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Nearby Homes
James Taulman
Listing Agent
James Taulman
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Stucker Rlty Inc
(219) 257-0029