NOT LISTED FOR SALE

1887 S 700 E Unit 1-2-3 Elwood, IN 46036

Elwood Area
6 Beds
3 Baths
2,508 Sq Ft
1.14 Acre Lot

Sale Details

Date Sold: May 7, 2026

Last sale price $213,967 $85 Per Sq Ft

9 Days on Market

Highlights

  • Eat-In Kitchen
  • Water Softener is Owned
  • Baseboard Heating
  • Tipton High School Rated 9+
  • Ceiling Fan
  • Level Lot

About This Home

As of May 2026

Great investment opportunity. This brick triplex sits on over an acre of land possibly leaving space to expand on the income potential. All 3 units are currently rented with 2 of the units being on month to month leases and the third expires in October 2026. Apartment 3 was gutted and redone in 2025 so it is all new from the studs out including electrical, plumbing, windows, doors and all new appliances. Plenty of off street parking, laundry connections in each unit, tenants pay electric and any cable/internet connections they want. Seller pays taxes, insurance, trash, landscaping/mowing, snow removal and electric for well pump. Property is on well and septic.

Last Agent to Sell the Property

Cheryl Trietsch

Century 21 Scheetz - Carmel Brokerage Phone: 317-339-7402 Listed on: 03/23/2026

Century 21 Scheetz - Carmel

Last Buyer's Agent

RACI NonMember

NonMember RACI

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,969

Year Built

  • Built in 1973

Lot Details

  • 1.14 Acre Lot
  • Lot Dimensions are 230x225
  • Rural Setting
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Fire and Smoke Detector
  • Laundry in Kitchen

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 9 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Tipton Elementary And Middle School
  • Tipton High School

Utilities

  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tenant pays for cooling, electric
  • The owner pays for building insurance, electric, maintenance, tax, trash collection, water softener
  • Assessor Parcel Number 80-09-08-300-031.000-007

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • Electric Expense $907
  • Insurance Expense $1,384
  • Maintenance Expense $1,400
  • Trash Expense $709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,969

Year Built

Built in 1973

Lot Details

1.14 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1973
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 6
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Pt W1/2 Sw Sw 8-21-6 1.137 Ac
  • Parcel Number ID: 80-09-08-300-031.000-007
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Water Softener-Owned
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Special Features: None

Interior Features

  • Total Sq Ft: 2508
  • Total Finished Sq Ft: 2508
  • Above Grade Finished Sq Ft: 2508
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Laminate
  • Main Level Sq Ft: 2508
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Stories: 1

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 9
  • Parking: Gravel

Utilities

  • Heating Fuel: Baseboard
  • Sewer: Private, Septic
  • Water Utilities: Private, Well
  • Electric Company: AEP/I&M, Indiana Michigan Power
  • Hvac: Ceiling Fan
  • Well Type: Private
  • Annual Electric: 907
  • Annual Insurance Expense: 1384
  • Annual Maintenance Expense: 1400
  • Annual Trash Expense: 709
  • Number Electric Meters: 4
  • Number Of W D Hookups: 3

Schools

  • Elementary School: Tipton

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 230x225
  • Estimated Lot Sq Ft: 49528
  • Estimated Lot Size Acres: 1.137

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Electric, Maintenance, Tax, Trash Collection, Water Softener
  • Tenant Pays: Cooling, Electric

Tax Info

  • Annual Property Tax: 1969

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 3

MLS Schools

  • High School: Tipton
  • Middle School: Tipton
  • School District: Tipton Community School Corp.

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 Sold $213,967 -10.8% $85 / Sq Ft
04/01/2026 04/01/26 Pending -- -- --
03/23/2026 03/23/26 For Sale $239,900 -- $96 / Sq Ft
Source: Indiana Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,767 $148,718 $40,076 $108,642
2024 $9,767 $135,259 $36,449 $98,810
2023 $9,262 $119,487 $32,199 $87,288
2022 $7,987 $105,664 $30,461 $75,203
2021 $7,688 $100,632 $29,010 $71,622
2020 $7,681 $99,037 $28,550 $70,487
2019 $7,563 $96,245 $27,745 $68,500
2018 $7,433 $92,922 $27,135 $65,787
2017 $7,392 $90,523 $26,434 $64,089
2016 $7,408 $88,574 $25,865 $62,709
2015 $7,348 $85,167 $24,870 $60,297
2014 $7,348 $84,916 $24,870 $60,046
2013 $7,348 $84,916 $24,870 $60,046
Source: Public Records

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Map

Source: Indiana Regional MLS

MLS Number: 202609620

Indiana Regional MLS
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