$225,000

321 N Union St Unit A & B Warsaw, IN 46580

Estimated payment $1,475/month

Total Views 694
4 Beds
2.5 Baths
1,932 Sq Ft
$116 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Corner Lot
  • Eat-In Kitchen
  • Edgewood Middle School Rated A
  • Porch
  • Attic Fan

About This Home

Duplex Investment Opportunity! This well-maintained duplex is fully rented and generating income from day one, making it a perfect addition to your portfolio. Unit A features 3 bedrooms, 1.5 baths, and a spacious two-story layout that appeals to long-term tenants, while Unit B offers 1 bedroom and 1 bath, all on one level for convenience and easy living. Each unit has its own deck and separate utilities, providing privacy and independence for tenants. The property includes parking at the back with a concrete patio, along with additional street parking. Landlord currently covers water, sewer, and trash, keeping things simple. With solid cash flow and strong potential for appreciation, this is a smart investment you don’t want to miss.

Listing Agent

Brian Peterson

Brian Peterson Real Estate Listed on: 08/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,986

Year Built

  • Built in 1910

Lot Details

  • 4,756 Sq Ft Lot
  • Lot Dimensions are 58x82
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Partially Finished Basement
  • Crawl Space
  • Attic Fan
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 5 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Washington Elementary School
  • Edgewood Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Water Softener is Owned

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 43-11-07-200-066.000-032

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $1,323
  • Water Sewer Expense $2,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,986

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1910
  • Age: 115
  • Style: One and Half Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 4-40-24 STP 58 X 82' NE COR N 1/2 SW 7-32-6 .11A
  • Parcel Number ID: 43-11-07-200-066.000-032
  • Platted: Yes
  • Amenities: Deck Open, Eat-In Kitchen, Porch Open, Water Softener-Owned
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Monthly Gross Income: 1330
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 2716
  • Total Finished Sq Ft: 1932
  • Above Grade Finished Sq Ft: 1932
  • Below Grade Sq Ft: 784
  • Price Per Sq Ft: 116.46
  • Basement: Yes
  • Basement Foundation: Crawl, Partially Finished
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1148
  • Total Below Grade Sq Ft: 784
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1.5

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 5
  • Parking: Off Street

Utilities

  • Cooling: Attic Fan
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Annual Insurance Expense: 1323
  • Annual Water Sewer Expense: 2867.88
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Warsaw Community
  • Elementary School: Washington
  • Middle School: Edgewood
  • High School: Warsaw
  • Elementary School: Washington

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 58X82
  • Estimated Lot Sq Ft: 4756
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1330
  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2986.46

MLS Schools

  • High School: Warsaw
  • Middle School: Edgewood
  • School District: Warsaw Community

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 $2,914 $141,000 $13,800 $127,200
2023 $2,850 $136,900 $13,800 $123,100
2022 $2,574 $123,500 $11,400 $112,100
2021 $2,181 $104,100 $10,600 $93,500
2020 $2,092 $99,800 $8,100 $91,700
2019 $1,928 $91,800 $8,100 $83,700
2018 $1,845 $87,600 $8,100 $79,500
2017 $1,783 $84,500 $8,100 $76,400
2016 $1,693 $80,100 $6,300 $73,800
2014 $1,402 $69,900 $6,300 $63,600
2013 $1,402 $71,400 $6,300 $65,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $225,000 -- $116 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $51,000 --
Deed $33,217 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $73,237 New Conventional
Closed $78,500 New Conventional
Source: Public Records

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    Section Image

Source: Indiana Regional MLS

MLS Number: 202532903

Indiana Regional MLS

APN: 43-11-07-200-066.000-032