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$562,000
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Property Description
***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!
Full Property Details
Full Property Details for 226 E Washington St
General
- Sold For: $562,000
- Taxes: $1,165 (2023)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 814093
- Added to Site: 394 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), High Ceilings, Granite Counters
- Appliances: Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
Exterior
- Exterior Features: Private Entrance
Parking
- Parking Features: Additional Parking, Direct Access, Common, Attached Carport, Asphalt
Location
- County: Jasper
- Township: Marion
- Subdivision: City/Rensselaer
- Driving Directions: McKinley to Washington, property on the corner.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Year Built: 1906
Lot Features
- Lot Size (Acres): 0.251
- Lot Size (Sq. Ft.): 10,934
- Lot Features: Corner Lot
Financial Considerations
- Tax Amount: $1,165
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: ORIG PLAT E 110' LOTS 1 & 2 BLK 20
- Property ID: 370730020017209027
Listed by RE/MAX Executives
Sold by RE/MAX Executives
Get Pre-Approved Today
Schools
Schools serving 226 E Washington St
School District:Rensselaer Central School Corporation
| Name | Grades | Distance |
|---|---|---|
Van Rensselaer Elementary School 902 East Washington Street, Rensselaer, IN 47978 | 3-5 | 0.5 mi |
Rensselaer Central Primary School 1144 North Melville Street, Rensselaer, IN 47978 | PK-4 | 0.9 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 226 E Washington St
Date
Details
Price
Change
Source
1/12/2026
Sold
$562,000
-6.18%
MLS
12/17/2024
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
226 E Washington Street, Rensselaer, IN 47978 (MLS# 814093) is a Multi-Family property that was sold at $562,000 on January 12, 2026. Want to learn more about 226 E Washington 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.

