Date
Details
Price
Change
Source
8/20/2026
Listed
$369,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/31
$369,900 Just Listed
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Property Description
Excellent Investment Opportunity! This well-maintained, fully furnished duplex offers established rental income and a convenient location. Both units are furnished and ready for continued use, providing added value and convenience for the next owner. Each unit offers a living room, dining area, fully-applianced kitchen, tiled bathroom w/heated floors, 2 bedrooms, & 1 car att. garage. Also, each patio door leads to their own private outdoor patio space, making this property an attractive option for an investor seeking an income-producing property. The property also provides flexibility for an owner-occupant who may choose to live in one unit while renting the other. In addition, future strategy potential exists to explore possibly a condominium conversion. Conveniently located on a corner lot in town, just off the I-65/SR 114 corridor, this property combines location, condition, furnishings, & income potential. Whether you're looking to expand an investment portfolio, pursue an owner-occupied strategy, or explore the potential for future condominium conversion and separate sale, this property offers multiple possibilities.
Full Property Details
Full Property Details for 701-703 N College Ave
General
- Price: $369,900
- Taxes: $1,990 (2025)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 844081
- Updated: 8/20/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Ceiling Fan(s), Other
- Appliances: Dryer, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Other, Private Yard
Parking
- Garage Spaces: 2
- Parking Features: Concrete, Garage Door Opener, Attached, Garage Faces Front, Driveway
Location
- County: Jasper
- Township: Marion
- Subdivision: Thompsons Add
- Driving Directions: Home is located on the Northeast corner of Hwy 114 (Clark Street) and North College Avenue.
School Information
- High School District: Rensselaer Central
Community
- Pets Allowed: Yes
Heating & Cooling
- Heating Type: Forced Air, Unit Control, Natural Gas
Structural Information
- Year Built: 2012
Lot Features
- Lot Size (Acres): 0.184
- Lot Size (Sq. Ft.): 8,015
- Lot Features: Corner Lot, Rectangular Lot, Landscaped
- Zoning: Residential
Financial Considerations
- Tax Amount: $1,990
- Tax Year: 2025
- Terms: Cash, FHA, Conventional
Disclosures and Reports
- Legal Description: THOMPSONS ADD PT S 110' LOT 1 BLK 1; AND THOMPSONS ADD 16.50' SW COR PT S 110' LOT 1 BLK 1
- Property ID: 370719001005002027
Listed by Jenkins Real Estate, Inc.
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— 701-703 N College Ave —
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Price & Sales History for 701-703 N College Ave
Tax History
Tax History for 701-703 N College Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5
—
$300
—
2024
$5
25%
$300
—
2023
$4
—
$300
—
2022
$4
—
$300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701-703 N College Ave
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701-703 N College Avenue, Rensselaer, IN 47978 (MLS# 844081) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 701-703 N College Avenue is currently listed for $369,900 and was received on August 20, 2026. Want to learn more about 701-703 N College Avenue? 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.