295 W Main St Wabash, IN 46992
Estimated payment $1,065/month
Highlights
- Corner Lot
- Central Air
- 3-minute walk to Paradise Spring Historical Park & Riverwalk
About This Home
Triplex for Sale – Strong Income, Great Location Excellent investment opportunity in Wabash, Indiana! This fully occupied triplex features three 1-bedroom, 1-bathroom units, each with private entrances. The property currently generates a gross annual income of $32880.00, offering immediate cash flow with potential for growth. Located just minutes from downtown Wabash, tenants enjoy easy access to shops, dining, and local amenities. The units are well-maintained with reliable long-term tenants. Perfect for investors seeking a steady, low-maintenance rental property in a high-demand area. This property yields a yearly income of $32880.
Listing Agent
Coldwell Banker Real Estate Gr Brokerage Phone: 260-413-5512 Listed on: 06/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,600
Year Built
- Built in 1910
Lot Details
- 2,178 Sq Ft Lot
- Corner Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- 1 Bathroom in Basement
- 1 Bedroom in Basement
Location
- Suburban Location
Schools
- Oj Neighbors Elementary School
- Wabash Middle School
- Wabash High School
Utilities
- Central Air
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for building insurance, cooling, electric, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
- Assessor Parcel Number 85-14-11-303-047.000-009
- Seller Concessions Not Offered
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,450
- Insurance Expense $1,068
- Maintenance Expense $450
- Water Sewer Expense $1,150
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,640 | $82,000 | $3,000 | $79,000 |
| 2023 | $1,582 | $79,100 | $3,000 | $76,100 |
| 2022 | $1,444 | $72,200 | $2,400 | $69,800 |
| 2021 | $1,324 | $66,200 | $2,400 | $63,800 |
| 2020 | $1,300 | $65,000 | $2,400 | $62,600 |
| 2019 | $1,242 | $62,100 | $2,400 | $59,700 |
| 2018 | $1,240 | $62,000 | $2,400 | $59,600 |
| 2017 | $1,226 | $60,100 | $2,400 | $57,700 |
| 2016 | $1,250 | $61,300 | $2,400 | $58,900 |
| 2014 | $1,156 | $60,600 | $2,400 | $58,200 |
| 2013 | $1,186 | $59,300 | $2,400 | $56,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $174,900 | 0.0% | $63 / Sq Ft |
| 08/29/2025 08/29/25 | Pending | -- | -- | -- |
| 06/21/2025 06/21/25 | For Sale | $174,900 | +39.9% | $63 / Sq Ft |
| 09/16/2024 09/16/24 | Sold | $125,000 | -10.7% | $71 / Sq Ft |
| 08/08/2024 08/08/24 | Price Changed | $139,900 | -6.7% | $79 / Sq Ft |
| 06/18/2024 06/18/24 | Price Changed | $149,900 | -11.8% | $85 / Sq Ft |
| 06/01/2024 06/01/24 | For Sale | $169,900 | -- | $96 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Special Warranty Deed | $125,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $93,750 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202523840
APN: 85-14-11-303-047.000-009
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