$1,400,000

308 Winters Way Carthage, IN 46115

Estimated payment $8,843/month

3 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare opportunity to purchase a package of five duplexes (18 total units) in Carthage, Indiana for $1,400,000. Price includes each property is listed individually at $150,000 per duplex, $75,000 per unit. Must be sold by the duplex. Seller is looking to sell as a complete portfolio. Every duplex features two bedrooms and one full bathroom, 798 sqft, with an average rent of $800 per unit, providing solid cash flow and strong rental demand. The properties are professionally managed by Dudley Property Management out of Greenfield, making this a turnkey investment. Located in the quiet rural town of Carthage, tenants enjoy small-town living with the convenience of nearby Greenfield and Shelbyville for shopping, dining, and employment. This is a rare chance to add 10 doors to your portfolio with income-producing properties that are already leased and operating. Package includes: 207-209 Winters Way, 210-212 Winters Way, 211-213 Winters Way, 301-303 Winters Way, 302-304 Winters Way, 305-307 Winters Way, 306-308 Winters Way, 309-311 Winters Way, and 310-312 Winters Way.

Listing Agent

Melissa Coutz

Highgarden Real Estate License #RB14046454 Listed on: 12/12/2025

Highgarden Real Estate

Co-Listing Agent

Lindsey Schrader

Highgarden Real Estate License #RB25000642

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,750

Year Built

  • Built in 1988

Lot Details

  • 0.31 Acre Lot
  • Additional Parcels

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Ranch Style House
  • Traditional Architecture
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Knightstown Elementary School
  • Knightstown Intermediate School
  • Knightstown High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Washer and Dryer Hookup
  • Crawl Space

Listing and Financial Details

  • The owner pays for ins hazard, insurance, lawncare, taxes
  • Tax Lot 15
  • Assessor Parcel Number 700219209006000009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,750

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Ranch, Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1988
  • Co List Office Phone: 317-205-4320
  • Lot Size Acres: 0.31
  • On Market Date: 2025-12-12
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Gravel
  • Structure Type: Duplex
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • Multi Rooms: 72
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: One
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: Smoke Alarm
  • Owner Pays: Ins Hazard, Insurance, Lawncare, Taxes

Exterior Features

  • Roof: Shingle
  • Construction Materials: Vinyl Siding
  • Direction Faces: East
  • Exterior Features: Not Applicable
  • Foundation Details: Crawl Space
  • View Y N: No
  • Waterfront: No
  • Road Access: Access Rd

Garage/Parking

  • Parking Features: On Street
  • Unit Parking: On Street,Paved Area,Unpaved

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Connections All
  • Security Features: Fire Alarm
  • Solid Waste: No

Schools

  • MBR_IntermediateSchool: Knightstown Intermediate School

Lot Info

  • Lot Features: Not In Subdivision
  • Property Attached Yn: Yes
  • Additional Parcels Description: See Addendum Attached to BLC
  • Additional Parcels: Yes
  • Current Use: Residential
  • Lot Size Sq Ft: 13634
  • Parcel Number: 700219209006000009
  • Acres: 1/4-1/2 Acre

Rental Info

  • Tenant Pays: All Utilities, Insurance

Multi Family

  • Net Operating Income: 113478

Tax Info

  • Tax Annual Amount: 17750
  • Tax Lot: 15
  • Semi Annual Property Tax Amt: 8875
  • Tax Exemption: None

MLS Schools

  • Elementary School: Knightstown Elementary School
  • High School: Knightstown High School

Map

Range of Values:

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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 For Sale $1,400,000 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22058405

MIBOR Broker Listing Cooperative®