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$192,000
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Property Description
Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units--each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.
Full Property Details
Full Property Details for 106 W Grace St
General
- Sold For: $192,000
- Taxes: $1,228 (2024)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 830642
- Added to Site: 67 day(s) ago
Interior
- Number of Rooms: 18
- Interior Features: None
- Appliances: Microwave, Refrigerator, Range
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Rain Gutters
Parking
- Parking Features: Gravel, Off Street
Location
- County: Jasper
- Township: Marion
- Subdivision: Benj Add
- Driving Directions: From the intersection of 231 and 114. Go east on 114. House is on the north side of the road.
School Information
- High School District: Rensselaer Central
Heating & Cooling
- Heating Type: Central, Natural Gas, Forced Air
Structural Information
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.198
- Lot Size (Sq. Ft.): 8,625
- Lot Features: Corner Lot
- Zoning: Business
Financial Considerations
- Tax Amount: $1,228
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: BENJ ADD PT BLK 1; ORIG PLAT LOT 12 BLK 11
- Property ID: 370730011017019027
Listed by Stucker Realty, Inc.
Sold by Complete Asset Protection Serv
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Schools
Schools serving 106 W Grace St
School District:Rensselaer Central School Corporation
| Name | Grades | Distance |
|---|---|---|
Van Rensselaer Elementary School 902 East Washington Street, Rensselaer, IN 47978 | 3-5 | 0.6 mi |
Rensselaer Central Primary School 1144 North Melville Street, Rensselaer, IN 47978 | PK-4 | 1.1 mi |
Rensselaer Middle School 1106 Bomber Boulevard, Rensselaer, IN 47978 | 6-8 | 0.6 mi |
Rensselaer Central High School 1106 East Grace Street, Rensselaer, IN 47978 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106 W Grace St
Date
Details
Price
Change
Source
12/12/2025
Sold
$192,000
-35.98%
MLS
11/11/2025
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
106 W Grace Street, Rensselaer, IN 47978 (MLS# 830642) is a Multi-Family property that was sold at $192,000 on December 12, 2025. Want to learn more about 106 W Grace Street? Do you have questions about finding other Multi-Family real estate for sale in Rensselaer? You can browse all Rensselaer real estate or contact a Coldwell Banker agent to request more information.

