$279,900
PENDING

204 Eel River Ave Logansport, IN 46947

Estimated payment $1,597/month

4 Beds
4 Baths
2,425 Sq Ft
$115 Price per Sq Ft

Highlights

  • 40 Feet of Waterfront
  • The river is a source of water for the property
  • Level Lot
  • Forced Air Heating and Cooling System

About This Home

Discover a fully furnished, well-maintained triplex located on historic Bankers Row overlooking the scenic Eel River. This property offers ideal appeal for investors seeking immediate income and long-term value. Each unit is updated and move-in ready with modern amenities and stylish furnishings included. Major mechanical systems have been recently replaced, including the 2 furnaces and water heater. The roof was replaced in 2022. Additional exterior improvements include a privacy fence, deck, and metal garage roof. Whether utilized as a short-or long-term rental, this turnkey property is a rare opportunity!

Listing Agent

Kim Reid

Envision Real Estate Team - Logansport Brokerage Phone: 574-721-4544 Listed on: 12/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,495

Year Built

  • Built in 1880

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • 40 Feet of Waterfront
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Walkup Attic
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Columbia Elementary School
  • Logansport Middle School
  • Logansport High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • The river is a source of water for the property

Listing and Financial Details

  • The owner pays for electric, heating, water
  • Assessor Parcel Number 09-17-44-336-007.000-010

Community Details

Overview

  • 3 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $4,800
  • Fuel Expense $3,600
  • Insurance Expense $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,495

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Waterfront: Yes
  • Year Built: 1880
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Cheney's Lot 34
  • Parcel Number ID: 09-17-44-336-007.000-010
  • Platted: Yes
  • Amenities: Attic-Walk-up, Deck Open
  • Special Features: None

Interior Features

  • Total Sq Ft: 3613
  • Total Finished Sq Ft: 2425
  • Above Grade Finished Sq Ft: 2425
  • Below Grade Sq Ft: 1188
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 1188
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Water Frontage: 40
  • Water Name: Eel River
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Type: River
  • Annual Electric: 4800
  • Annual Fuel Expense: 3600
  • Annual Insurance Expense: 2200
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Columbia

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 120
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Heating, Water
  • Tenant Pays: Deposit Value

Tax Info

  • Annual Property Tax: 1494.58

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3

MLS Schools

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

Map

Range of Values:

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Value Increase
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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 $713 $96,300 $10,400 $85,900
2022 $1,324 $66,200 $10,400 $55,800
2021 $200 $10,000 $6,200 $3,800
2020 $200 $10,000 $6,200 $3,800
2019 $212 $10,600 $6,200 $4,400
2018 $778 $38,900 $6,200 $32,700
2017 $770 $38,500 $6,200 $32,300
2016 $770 $38,500 $6,200 $32,300
2014 $762 $38,100 $6,200 $31,900
2013 $762 $37,300 $6,200 $31,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2025 12/11/25 Pending -- -- --
12/10/2025 12/10/25 For Sale $279,900 +4140.9% $115 / Sq Ft
02/20/2015 02/20/15 Sold $6,600 -26.7% $3 / Sq Ft View Prior Sale
02/20/2015 02/20/15 For Sale $9,000 -- $4 / Sq Ft
02/15/2015 02/15/15 Pending -- -- --
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $175,000 None Listed On Document
Grant Deed -- Attorney Only
Deed $6,600 Met Title
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202548637

Indiana Regional MLS

APN: 09-17-44-336-007.000-010