$39,500
PENDING

304-306 Indiana St Wabash, IN 46992

Estimated payment $251/month

3 Beds
2 Baths
1,804 Sq Ft
$22 Price per Sq Ft

Highlights

  • Corner Lot
  • Enclosed Patio or Porch
  • Shed
  • Fenced Yard
  • Laundry in Utility Room
  • Forced Air Heating System

About This Home

Two-story duplex offering strong income potential with some updating. The main level unit features 2 bedrooms, 1 full bath, and approx. 1,212 sq. ft. of living space, plus enclosed front and rear porches. The upper-level unit offers 1 bedroom, 1 bath, approx. 704 sq. ft., and its own enclosed porch. Property includes a metal roof (about 10 years old), two older gas forced-air furnaces (currently functional), and separate electric meters with 100-amp panels for each unit. The fenced rear yard provides privacy, and two storage sheds remain with the property. Great opportunity for an investor or owner-occupant looking for rental income. Owners currently pay all utilities but the gas and electric could easily be separated and be a tenant expense. Selling "As Is'.

Listing Agent

Robert Lundquist

Lundquist Appraisals & Real Estate Brokerage Email: bob@lundquistrealestate.com Listed on: 09/09/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced Yard
  • Wood Fence
  • Corner Lot

Home Design

  • Duplex
  • Metal Roof
  • Asphalt

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laundry in Utility Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Exterior Basement Entry
  • Block Basement Construction
  • Stone or Rock in Basement
  • Crawl Space

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Location

  • Suburban Location

Schools

  • Oj Neighbors Elementary School
  • Wabash Middle School
  • Wabash High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, sewer, tax, water
  • Assessor Parcel Number 85-14-11-203-151.000-009
  • Seller Concessions Not Offered

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: H CALDWELLS W 5 S 85X5 4 H CALDWELLS 3 S 85 X 62.57 3
  • Parcel Number ID: 85-14-11-203-151.000-009
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Cable Ready, Porch Enclosed, Water Heater Electric
  • Cross Street: Spring St
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Year Taxes Payable: 2024 pay 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 2284
  • Total Finished Sq Ft: 1804
  • Above Grade Finished Sq Ft: 1804
  • Below Grade Sq Ft: 480
  • Price Per Sq Ft: 21.9
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Outside Entrance Only, Unfinished, Outside Entrance
  • Basement Material: Block, Stone
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1100
  • Total Below Grade Sq Ft: 480
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Asphalt
  • Roof Material: Metal
  • Fence: Privacy, Wood
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 84

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Cinergy MetroNet, Comcast/Xfinity
  • Number Electric Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • School District: Wabash City Schools
  • Elementary School: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
  • Elementary School: OJ Neighbors

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: See plat map
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Owner Pays: Electric, Heating, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable, Snow Removal

Tax Info

  • Annual Property Tax: 1622

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Wabash
  • Middle School: Wabash
  • School District: Wabash City Schools

Map

Range of Values:

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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 $1,622 $81,100 $8,300 $72,800
2023 $1,534 $76,700 $8,300 $68,400
2022 $1,428 $71,400 $8,300 $63,100
2021 $1,320 $66,000 $8,300 $57,700
2020 $1,214 $60,700 $8,300 $52,400
2019 $1,158 $57,900 $8,300 $49,600
2018 $1,146 $57,300 $8,300 $49,000
2017 $1,140 $55,800 $8,300 $47,500
2016 $1,130 $55,300 $8,300 $47,000
2014 $1,061 $55,600 $8,300 $47,300
2013 $1,090 $54,500 $8,300 $46,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Pending -- -- --
09/09/2025 09/09/25 For Sale $39,500 -- $22 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202536515

Indiana Regional MLS

APN: 85-14-11-203-151.000-009