$114,900
$20K PRICE DROP

422 E Water St Unit A-B Portland, IN 47371

Estimated payment $753/month

Total Views 21,908
2 Beds
1.5 Baths
2,096 Sq Ft
$55 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Corner Lot

About This Home

This unique property seamlessly combines a small commercial space with a cozy 2-bedroom residential unit, offering the flexibility and convenience of a live-work setup. The commercial area features excellent visibility, ideal for attracting customers, and ample storage space to accommodate your inventory needs. Meanwhile, the attached 2-bedroom residence offers comfortable living quarters with large windows that fill the space with natural light, a spacious living room with gas fireplace, large utility room, and beautiful hardwood floors throughout. Whether you're looking to stay close to your business or generate rental income, this property provides various options to suit your goals. Don't miss out on all the possibilities this great location has to offer!

Listing Agent

Paul Faddis

Tarter Realty Auction and Appraisal Company Listed on: 11/01/2024

Co-Listing Agent

Jammie Michael

Tarter Realty Auction and Appraisal Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1895

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55x132
  • Corner Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,096 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • East Jay Elementary School
  • Jay County Middle School
  • Jay County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 38-07-21-204-141.000-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1895
  • Age: 130
  • Style: One Story
  • Architectural Style: Square
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: 55' S PT OF LOTS 11 & 12 GRIFFITHS ADD
  • Parcel Number ID: 38-07-21-204-141.000-034
  • Platted: Yes
  • Amenities: Fireplace, Countertops-Laminate, Water Heater Electric
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2096
  • Total Finished Sq Ft: 2096
  • Above Grade Finished Sq Ft: 2096
  • Price Per Sq Ft: 54.82
  • Basement Foundation: Crawl
  • Flooring: Wood, Vinyl

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • School District: Jay Schools
  • Elementary School: East Jay
  • Middle School: Jay County
  • High School: Jay County
  • Elementary School: East Jay

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 55x132
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Tax Info

  • Annual Property Tax: 1403.86

Multi Family

  • Number Of Units: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Jay County
  • Middle School: Jay County
  • School District: Jay 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 $1,447 $73,800 $8,400 $65,400
2023 $1,447 $69,400 $8,400 $61,000
2022 $1,364 $66,300 $8,400 $57,900
2021 $1,317 $60,700 $7,900 $52,800
2020 $1,287 $59,100 $7,900 $51,200
2019 $1,251 $57,500 $7,900 $49,600
2018 $1,205 $55,100 $7,900 $47,200
2017 $1,191 $53,200 $9,600 $43,600
2016 $1,150 $51,600 $9,600 $42,000
2014 $1,204 $53,400 $9,600 $43,800
2013 $1,204 $55,300 $9,600 $45,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $114,900 0.0% --
06/06/2025 06/06/25 Price Changed $114,900 -14.8% $101 / Sq Ft
11/01/2024 11/01/24 For Sale $134,900 0.0% --
11/01/2024 11/01/24 For Sale $134,900 -- $119 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $30,000 Jay Co. Abstract
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202442467

Indiana Regional MLS

APN: 38-07-21-204-141.000-034

Indiana Jay County Portland 47371

422 E Water St Unit A-B, Portland, IN

This home is located at 422 E Water St Unit A-B, Portland, IN 47371 and is currently priced at $114,900, approximately $54 per square foot. This property was built in 1895. 422 E Water St Unit A-B is a home located in Jay County with nearby schools including Jay County High School and Jay County Christian Academy.

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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Paul Faddis
Listing Agent
Paul Faddis
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Tarter Realty Auction and Appraisal Company
(260) 368-2362