$175,000
$54K PRICE DROP

190 E Washington St Morgantown, IN 46160

Estimated payment $1,126/month

Total Views 157,035
4 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Corner Lot
  • Central Air
  • Mature Trees

About This Home

Income Producing Tri-Plex located in a very walkable location to downtown Morgantown. Both apartments on the main level are 1 bed/1 bath. The upstairs apartment features 2 beds/1 bath. Gross monthly income of $2,385. Lease terms available upon request. Property includes basement ready for your inspection. All three apartments have private entrances and onsite parking. Washer, Dryer, Oven/Range, and Refrigerators in each apartment are included. Don't miss your chance to acquire this asset!

Listing Agent

Ron Rose

Indiana Realty Pros, Inc. License #RB14036143 Listed on: 12/20/2024

Co-Listing Agent

Lindsey Rose

Indiana Realty Pros, Inc. License #RB22000137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1900

Lot Details

  • 5,837 Sq Ft Lot
  • Corner Lot
  • Mature Trees

Home Design

  • Triplex
  • Craftsman Architecture
  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Window Unit Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 551424470019000013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: Craftsman, Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1900
  • Co List Office Phone: 317-888-5000
  • Lot Size Acres: 0.13
  • Road Frontage Type: State Road, City Street
  • Road Surface Type: Asphalt
  • Structure Type: Apartment Building
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: Yes
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Gross Area Sq Ft: 2478

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Gravel
  • Unit Parking: Parking Lot,Unpaved

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Laundry Features: Connections Some
  • Security Features: Smoke Detector(s)
  • Solid Waste: No

Lot Info

  • Lot Features: Corner Lot, Mature Trees
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 5837
  • Parcel Number: 551424470019000013
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 2500
  • Tax Lot: 5
  • Semi Annual Property Tax Amt: 1250

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $3,215 $189,000 $23,700 $165,300
2023 $2,499 $165,600 $23,700 $141,900
2022 $2,328 $153,500 $16,000 $137,500
2021 $1,755 $116,700 $17,400 $99,300
2020 $1,735 $122,100 $17,400 $104,700
2019 $1,771 $122,300 $17,400 $104,900
2018 $1,535 $106,100 $17,400 $88,700
2017 $1,538 $104,900 $17,400 $87,500
2016 $1,525 $104,900 $17,400 $87,500
2014 $1,221 $103,900 $17,400 $86,500
2013 -- $103,900 $17,400 $86,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2025 11/22/25 Price Changed $175,000 0.0% --
11/22/2025 11/22/25 For Sale $175,000 -16.3% --
08/31/2025 08/31/25 Off Market $209,000 -- --
04/24/2025 04/24/25 Price Changed $209,000 -4.6% --
01/17/2025 01/17/25 Price Changed $219,000 -4.4% --
12/20/2024 12/20/24 For Sale $229,000 +25.8% --
01/31/2023 01/31/23 Sold $182,000 -8.5% $71 / Sq Ft View Prior Sale
12/31/2022 12/31/22 Pending -- -- --
12/23/2022 12/23/22 For Sale $199,000 -- $78 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Deed $182,000 Abstract & Title
Source: Public Records

About the Listing Agent

Ron Rose

Indiana Realty Pros, Inc.

(812) 472-2219

Section Image

My mission statement is simple: To help people. I rank among the top 1% of all agents and brokers in the Indy Metro Market.

My references are excellent and include families, investors, landlords, tenants, new home builders, government and bank owned asset managers, and my network of reliable and highly skilled bankers, inspectors, and contractors.

My background includes a six-year enlistment in the Naval Nuclear Power Program serving as a Machinist Mate First Class in the US NAVY

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  • 4412 E State Road 252, Franklin, IN 46131

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  • 3309 Lukes Way, Greenwood, IN 46143

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22015330

MIBOR Broker Listing Cooperative®

APN: 55-14-24-470-019.000-013