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226 E Washington Street
Rensselaer IN 47978 US

$599,000

Pending Listing ID 814093
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Lot: 0.25 Acres
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Quadruplex

$599,000

Pending Listing ID 814093
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226 E Washington Street ***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Gross rents total $55, 000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!

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Property Features

  • Facts
  • Lot Size: 0.25 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Exterior Finish: Corner Lot, Private Entrance
  • Heating Fuels: Forced Air, Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 599000
  • unparsedaddress: 226 E Washington Street
  • postalcity: Rensselaer
  • stateorprovince: IN
  • country: US
  • postalcode: 47978
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.251
  • lotsizeunits: Acres
  • lotsizearea: 0.251
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.937735
  • longitude: -87.148904
  • listagentfullname: Trisha Potts
  • listagentemail: trishamariepotts@gmail.com
  • listagentkey: 3yd-GNIARIN-12775
  • listagentmlsid: 12775
  • listagentpreferredphone: 2199872230
  • listagentofficephone: 2199872230
  • listofficekey: 3yd-GNIARIN-1811
  • listagentstatelicense: RB14046118
  • listofficemlsid: 1811
  • disclaimer: Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1906
  • listingcontractdate: 2024-12-17
  • listagenturl: http://gotoexecutives.com
  • countyorparish: Jasper
  • parcelnumber: 370730020017209027
  • appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • heating: Forced Air, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 4
  • parkingtotal: 0
  • parkingfeatures: Carport
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • interiorfeatures: Ceiling Fan(s), High Ceilings, Granite Counters
  • exteriorfeatures: Corner Lot, Private Entrance
  • architecturalstyle: Other
  • rooms: Basement
  • securityfeatures: Smoke Detector(s)
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.1489, 40.937737
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Re/Max Executives", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"remax.59254@fs.remaxintegra.com", "ListBrokerageCity":"DeMotte", "ListBrokerageCountry":"US", "ListBrokerageEmail":"risnergroup@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/267/377683/20180606133018437.png", "ListBrokerageName":"Re/Max Executives", "ListBrokeragePhone":"(219) 987-2230", "ListBrokeragePostalCode":"46310", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10121 Rolling Hills Drive", "ListBrokerageWebsiteUrl":"http://gotoexecutives.com", "ListOfficeAddress1":"PO BOX 310", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"6615", "ListOfficeCity":"DeMotte", "ListOfficeCountry":"US", "ListOfficeEmail":"risnergroup@gmail.com", "ListOfficePostalCode":"46310", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Rensselaer, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/226-E-Washington-St_Rensselaer_IN_47978_M35819-72996?f=listhub&s=GNIARIN&m=814093&c=rexren", "MLSModificationTimestamp":"2025-10-26T18:01:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Quadruplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1165, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/27/2025 12:04:19 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Trisha Potts, RE/MAX Executives, trishamariepotts@gmail.com

Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.