$140,000
UNDER CONTRACT $10K PRICE DROP

508 Jefferson St Rochester, IN 46975

Estimated payment $799/month

Total Views 7,606
4 Beds
2 Baths
2,608 Sq Ft
$54 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Level Lot
  • Carpet

About This Home

Investor-ready duplex offering two 2-bed, 1-bath units. Both units are rented at $1,500/month. Great Income Producing Property to add to any Portfolio. Tenants cover all utilities, including trash. Owner only pays taxes and building insurance. Property meets 2% Rule!!

Listing Agent

Geoff Cavender

eXp Realty, LLC Brokerage Phone: 574-527-1651 Listed on: 05/02/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $224

Year Built

  • Built in 1937

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 41 x 165
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Columbia / Riddle Elementary School
  • Rochester Community Middle School
  • Rochester Community High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Insurance Expense $1,200

Listing and Financial Details

  • Homestead Exemption
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 25-07-92-127-005.000-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$224

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1937
  • Age: 88
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: N 1/2 LOT 102 N P.
  • Parcel Number ID: 25-07-92-127-005.000-009
  • Platted: Yes
  • Amenities: Basement
  • Monthly Gross Income: 3000
  • Year Taxes Payable: 2025
  • Special Features: UnderContract

Interior Features

  • Total Sq Ft: 2872
  • Total Finished Sq Ft: 2608
  • Above Grade Finished Sq Ft: 2608
  • Below Grade Sq Ft: 264
  • Price Per Sq Ft: 53.68
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 264
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Number Of W D Hookups: 2

Schools

  • School District: Rochester Community School Corp.
  • Elementary School: Columbia / Riddle
  • Middle School: Rochester Community
  • High School: Rochester Community
  • Elementary School: Columbia / Riddle

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 41 x 165
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cooling, Electric, Heating, Sewer, Trash Collection, Water Softener

Tax Info

  • Exemptions: Homestead
  • Annual Property Tax: 224

Multi Family

  • Gross Monthly Rent: 3000
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

MLS Schools

  • High School: Rochester Community
  • Middle School: Rochester Community
  • School District: Rochester Community School Corp.

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
06/11/2025 06/11/25 Price Changed $140,000 -6.7% $54 / Sq Ft
05/02/2025 05/02/25 For Sale $150,000 -- $58 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202515834

Indiana Regional MLS

APN: 25-07-92-127-005.000-009

Indiana Fulton County Rochester 46975

508 Jefferson St, Rochester, IN

This home is located at 508 Jefferson St, Rochester, IN 46975 and is currently priced at $140,000, approximately $53 per square foot. This property was built in 1937. 508 Jefferson St is a home located in Fulton County with nearby schools including Columbia Elementary School, George M. Riddle Elementary School, and Rochester Community Middle School.

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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Geoff Cavender
Listing Agent
Geoff Cavender
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eXp Realty, LLC
(574) 777-0173