$400,000
UNDER CONTRACT $25K PRICE DROP

354 W 9th St Auburn, IN 46706

Estimated payment $2,363/month

Total Views 20,803
7 Beds
6 Baths
2,728 Sq Ft
$147 Price per Sq Ft

Highlights

  • Pocket Doors
  • Level Lot
  • 4-minute walk to James Outdoor Theater
  • Ceiling Fan
  • Carpet

About This Home

Don’t miss your chance to own this income-producing six-unit property with strong potential and recent improvements. The building features five 1-bedroom apartments and one 2-bedroom apartment, offering excellent rental flexibility with an income potential of $4,950/month. Recent upgrades include a complete rehab with new carpet and vinyl flooring, brand-new natural gas lines servicing all units for ranges and wall heaters, and twin 40-gallon electric water heaters in series for added efficiency and reliability. Major exterior improvements have already been completed, including a newer roof, vinyl siding, and vinyl replacement windows. Residents enjoy a spacious yard, off-street parking at the rear, and a convenient driveway connecting 9th Street to 8th Street. Located just five minutes from shopping and dining, this property is ideally situated for both tenants and long-term investment growth.

Listing Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 08/22/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,806

Year Built

  • Built in 1985

Lot Details

  • 9,932 Sq Ft Lot
  • Lot Dimensions are 64x155
  • Level Lot

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Pocket Doors
  • Partially Finished Basement
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Mckenney-Harrison Elementary School
  • Dekalb Middle School
  • Dekalb High School

Utilities

  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 17-06-32-101-028.000-025
  • Seller Concessions Not Offered

Community Details

Overview

  • 6 Units
  • Ashley Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,500
  • Fuel Expense $1,000
  • Insurance Expense $2,200
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,806

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1985
  • Age: 40
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: ASHLEY'S 2ND ADD LOT 10
  • Parcel Number ID: 17-06-32-101-028.000-025
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Detector-Smoke, Pocket Doors, Water Heater Electric
  • Location: City/Town/Suburb
  • Monthly Gross Income: 4950
  • Year Taxes Payable: 2025
  • Special Features: UnderContract

Interior Features

  • Total Sq Ft: 4216
  • Total Finished Sq Ft: 2728
  • Above Grade Finished Sq Ft: 2728
  • Below Grade Sq Ft: 1488
  • Price Per Sq Ft: 146.63
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1488
  • Total Below Grade Sq Ft: 1488
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 6
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Gas Company: NIPSCO
  • Hvac: Ceiling Fan
  • Annual Electric: 2500
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 2200
  • Annual Maintenance Expense: 2000
  • Annual Water Sewer Expense: 2400
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Dekalb Central United
  • Elementary School: McKenney-Harrison
  • Middle School: Dekalb
  • High School: Dekalb
  • Elementary School: McKenney-Harrison

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 64X155
  • Estimated Lot Sq Ft: 9932
  • Estimated Lot Size Acres: 0.23
  • Lot Number: 10

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Snow Removal, Water

Multi Family

  • Gross Monthly Rent: 4950
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 5
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 2805.94

MLS Schools

  • High School: Dekalb
  • Middle School: Dekalb
  • School District: Dekalb Central United

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2025 09/15/25 Price Changed $400,000 -5.9% $147 / Sq Ft
08/22/2025 08/22/25 For Sale $425,000 +553.8% $156 / Sq Ft
03/02/2018 03/02/18 Sold $65,000 -18.6% $24 / Sq Ft View Prior Sale
11/29/2017 11/29/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $79,900 -- $29 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202533662

Indiana Regional MLS