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Wabash, IN Multifamily Homes & Duplexes for Sale

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  • /17

    $174,900

    • 3 Beds
    • 3 Baths
    • 2,788 Sq Ft

    295 W Main St, Wabash, IN 46992

    Triplex for Sale – Strong Income, Great Location Excellent investment opportunity in Wabash, Indiana! This fully occupied triplex features three 1-bedroom, 1-bathroom units, each with private entrances. The property currently generates a gross annual income of $32880.00, offering immediate cash flow with potential for growth. Located just minutes from downtown Wabash, tenants enjoy easy access to

    Manish Sharma Coldwell Banker Real Estate Gr

    295 W Main St, Wabash, IN 46992
  • /32

    $140,000

    • 5 Beds
    • 2 Baths
    • 2,324 Sq Ft

    139 Elm St, Wabash, IN 46992

    Live in one side and rent out the other to help pay your mortgage. Or you can start your rental portfolio here! The first side is 4 beds and 1.5 baths. The second is one bed one bath. Separate gas and electric meters. Fenced in back yard and shed to stay. Furnace 10 years old. 2 water heaters.

    Jennie Terrell Terrell Realty Group, LLC

    139 Elm St, Wabash, IN 46992

Why Live in Wabash

Wabash, Indiana, is a small city of 10,000 residents situated along the Wabash River. Despite its rural setting, Wabash has revitalized its downtown area through significant investments in the arts and local businesses. The Honeywell Center, Ford Theater, and Eagles Theater are key cultural hubs that have spurred downtown development. The Wabash Cultural District, a 2.5-mile stretch, features locally owned boutiques, eateries, and art studios, making it a vibrant area for shopping and dining. The city has received substantial grant funding to improve parks, infrastructure, and repurpose old storefronts, enhancing the quality of life for residents. However, Wabash faces a housing shortage, with limited options currently available. Efforts are underway to address this, including the construction of new residential communities like Kentner Creek Crossing and Legacy Heights. The parks department manages nine parks, with Wabash City Park being the largest, offering playgrounds, walking paths, and pavilions. Outdoor enthusiasts can enjoy kayaking, canoeing, and hiking along the Wabash River Trail. Wabash City Schools provide public education, with options for early college programs, while private schools like Emmanuel Christian School offer alternative education choices. The city hosts year-round events, including the popular Wabash Cannonball Chili for Charity Cook Off and the annual Founders Festival. Residents often travel to Fort Wayne, 46 miles away, and Indianapolis, 80 miles away, for additional amenities and flights. Wabash experiences snowy winters and humid summers, with tornadoes possible from March to July.

Home Trends in Wabash, IN

Housing Trends

Median Sale Price
$270,000
Median Single Family Sale Price
$270,000
Average Price Per Sq Ft
$133
Number of Homes for Sale
1
Last 12 months Home Sales
29
Months of Supply
0.40
Median List Price
$289,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
34%
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