$260,000
SOLD JUN 16, 2025

305 N 6th St Mitchell, IN 47446

8 Beds
4 Baths
3,192 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

2% Below List Price

68 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • Eat-In Kitchen
  • Backs to Open Ground
  • Covered Patio or Porch
  • Landscaped

About This Home

As of June 2025

ATTENTION INVESTORS! MULTI-UNIT RENTAL PROPERTY IN PRIME LOCATION!!! This income-generating rental property features two buildings, each with TWO units - a total of FOUR rentable units in a high demand area inside the Mitchell city limits. Each 2-bedroom, 1-bath unit is total electric and includes washer and dryer hookups for tenant convenience. Recent updates (see attachments) include new shingles on both buildings, reducing maintenance costs and increasing property values! With its prime location near shopping, dining and public transportation, this property offers strong rental potential with consistent cash flow opportunities. You will not want to miss out on this incredible investment opportunity!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,608

Year Built

  • Built in 1997

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 100 x 264
  • Backs to Open Ground
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Fire and Smoke Detector
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Burris/Hatfield Elementary School
  • Mitchell Middle School
  • Mitchell High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Heating Units
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 47-11-36-301-006.000-005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,608

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1997
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Original Lot 37 & 38
  • Parcel Number ID: 47-11-36-301-006.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan, Near Walking Trail, Countertops-Laminate, Deck Open, Detector-Smoke, Eat-In Kitchen, Landscaped, Open Floor Plan, Patio Open, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Cross Street: Oak St
  • Location: City/Town/Suburb, Near Walking Trail
  • Special Features: None

Interior Features

  • Total Sq Ft: 3192
  • Total Finished Sq Ft: 3192
  • Above Grade Finished Sq Ft: 3192
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 3192
  • Number Of Disposals: 4
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Street

Utilities

  • Cooling: Central Air, Multiple Cooling Units
  • Heating Fuel: Electricity, Heat Pump, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Mitchell Water
  • Cable Company: Comcast/Xfinity, DirectTV, Dish Network
  • Annual Insurance Expense: 1600
  • Number Electric Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Burris/Hatfield

Lot Info

  • Lot Description: Corner, Level, 0-2.9999
  • Lot Dimensions: 100 x 264
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year, 6 Months, Month to Month, Negotiable
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Cable, Cooling, Electric, Heating, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 4608

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4

MLS Schools

  • High School: Mitchell
  • Middle School: Mitchell
  • School District: Mitchell Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2007
Sold by
Edwards Michael and Edwards Carol
Bought by
Davis Justin M
Current Estimated Value
$214,624
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $61,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2025 06/16/25 Sold $260,000 -1.8% $81 / Sq Ft
04/02/2025 04/02/25 For Sale $264,900 +120.8% $83 / Sq Ft
10/26/2017 10/26/17 Sold $120,000 -7.6% $37 / Sq Ft View Prior Sale
08/31/2017 08/31/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $129,900 -- $40 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

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 $4,608 $227,400 $7,400 $220,000
2023 $4,186 $206,300 $7,100 $199,200
2022 $3,900 $195,000 $7,000 $188,000
2021 $3,494 $174,700 $6,700 $168,000
2020 $3,326 $166,300 $6,500 $159,800
2019 $3,108 $155,400 $6,200 $149,200
2018 $3,096 $154,800 $6,100 $148,700
2017 $3,292 $164,600 $6,000 $158,600
2016 $3,336 $166,800 $6,000 $160,800
2014 $3,416 $170,800 $6,000 $164,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Buyer's Agent in 2017

    Bedford NonMember

    NonMember BED

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Map

Source: Indiana Regional MLS

MLS Number: 202511105

Indiana Regional MLS

APN: 47-11-36-301-006.000-005

Indiana Lawrence County Mitchell 47446

305 N 6th St, Mitchell, IN

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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