$1,699,900
SOLD JUN 13, 2025

715 E Race St Unit 1-30 Eaton, IN 47338

Eaton Neighborhood
60 Beds
30 Baths
23,448 Sq Ft
6.1 Acres

Recently Sold

$72 Per Sq Ft

10% Below List Price

122 Days on Market

Highlights

  • 6.1 Acre Lot
  • Traditional Architecture
  • Landscaped
  • Delta High School Rated A-
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

Great investment opportunity!! 30-unit apartment complex with 5 single story buildings. Each building has 6 two-bedroom units. Property also has 2 additional buildings, one with coin operated laundry and a garage that the owner only has access to. Property offers plenty of parking for tenants. Roof and siding are only 7 years old.

Last Agent to Sell the Property

Michael Lambert

Leading Home Realty Brokerage Phone: 765-717-4723 Listed on: 12/10/2024

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,456

Year Built

  • Built in 1978

Lot Details

  • 6.1 Acre Lot
  • Lot Dimensions are 550 x 600
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 23,448 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 60 Bedrooms
  • 30 Full Bathrooms

Parking

  • 50 Parking Spaces
  • Paved Parking

Location

  • Suburban Location

Schools

  • Eaton Elementary School
  • Delta Middle School
  • Delta High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, lawn maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 18-03-25-101-009.000-023

Community Details

Overview

  • 5 Buildings
  • 30 Units
  • Mill Race Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $9,000
  • Trash Expense $3,600
  • Water Sewer Expense $24,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,456

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1978
  • Age: 47
  • Style: One Story
  • Architectural Style: Ranch, Traditional
  • Bedrooms: 60
  • Number Above Grade Bedrooms: 60
  • Total Bathrooms: 30
  • Total Full Bathrooms: 30
  • Legal Description: MILL RACE ADD 0.0000Acres STR: 252210 IN: 3-4-5-6-7-8-9 OUT:
  • Parcel Number ID: 18-03-25-101-009.000-023
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 89.47
  • Monthly Gross Income: 16750
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 23448
  • Total Finished Sq Ft: 23448
  • Above Grade Finished Sq Ft: 23448
  • Price Per Sq Ft: 72.5
  • Basement Foundation: Slab
  • Flooring: Carpet, Tile, Vinyl

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 50
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Eaton City Water & Sewer
  • Cable Company: Comcast/Xfinity, DirectTV
  • Annual Insurance Expense: 9000
  • Annual Trash Expense: 3600
  • Annual Water Sewer Expense: 24000
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities, Sidewalks

Schools

  • School District: Delaware Community School Corp.
  • Elementary School: Eaton
  • Middle School: Delta
  • High School: Delta
  • Elementary School: Eaton

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 550 x 600
  • Estimated Lot Sq Ft: 265716
  • Estimated Lot Size Acres: 6.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 16750
  • Number Of Dryers: 5
  • Number Of Units: 30
  • Number Of Washers: 4
  • Num Of2 Bedrooms: 30
  • Num Of Units Rented: 28

Tax Info

  • Annual Property Tax: 9456

MLS Schools

  • High School: Delta
  • Middle School: Delta
  • School District: Delaware Community School Corp.

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 Change Sq Ft Price
06/13/2025 06/13/25 Sold $1,699,900 -10.5% $72 / Sq Ft
04/11/2025 04/11/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $1,899,000 0.0% $81 / Sq Ft
12/24/2024 12/24/24 Pending -- -- --
12/10/2024 12/10/24 For Sale $1,899,000 -- $81 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Lambert

    Seller's Agent in 2025

    Michael Lambert

    Leading Home Realty

    (765) 717-4723

    3 in this area

    155 Total Sales

    Michael Lambert
    Section Image

  • D

    Buyer's Agent in 2025

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    17 in this area

    3,882 Total Sales

    Diana Martin
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202446824

Indiana Regional MLS

Indiana Delaware County Eaton 47338 Eaton

715 E Race St Unit 1-30, Eaton, IN

This home is located at 715 E Race St Unit 1-30, Eaton, IN 47338 and is currently priced at $1,699,900, approximately $72 per square foot. This property was built in 1978. 715 E Race St Unit 1-30 is a home located in Delaware County with nearby schools including Eaton Elementary School, Delta Middle School, and Delta High 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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