Located in the heart of downtown Auburn, this spacious triplex offers a strong investment opportunity with two 3-bedroom units and one efficiency unit. Current rental income is $1,885 per month as it sits, with the potential to increase by repairing and renting the vacant 3-bedroom unit. The property is separately metered with three electric meters and three gas meters, and tenants pay their own utilities along with a reimbursement for water, sewer, and trash. The main house units features new furnaces and central air, a full basement for additional storage, and large rooms with high ceilings. Covered front and back porches add to the charm, and no lawn care is required for easy maintenance. With a prime location close to shops, dining, and amenities, plus professional management already in place, this property is an excellent turnkey investment with value-add potential.
Closed
$220,000
112-114 W 2nd St, Auburn, IN 46706
6beds
3,194sqft
Triplex
Built in 1890
-- sqft lot
$230,300 Zestimate®
$--/sqft
$1,132 Estimated rent
Home value
$230,300
Estimated sales range
Not available
$1,132/mo
Zestimate® history
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Full basement
Zillow last checked:
Listing updated:
Listed by:
Tammie L Jones 260-438-1087,
Open Door Rentals and Real Estate
Bought with:
Colten VonDerau, RB22001985
Open Door Rentals and Real Estate
Source: IRMLS,MLS#: 202538020
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Ceiling Fan(s), Ceiling-9+
- Flooring: Carpet, Wood
- Doors: Six Panel Doors
- Basement: Full,Block
Interior area
- Total structure area: 4,620
- Total interior livable area: 3,194 sqft
- Finished area above ground: 3,194
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 4,791 Square Feet
- Dimensions: 70x66
- Features: Level, City/Town/Suburb, Near Walking Trail
Details
- Additional structures: None
- Parcel number: 170629376006.000025
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block
- Foundation: Slab, Basement
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: None
Location
- Region: Auburn
Financial & listing details
- Annual tax amount: $2,332
- Date on market: 9/19/2025
- Listing terms: Cash,Conventional
- Inclusions: Building, Lease
- Lease term: 12 Months
- Total actual rent: 22620
- Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating, Sewer, Snow Removal, Trash Collection, Water, Deposit Value
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Sold | $220,000 |
Source:  IRMLS #202538020 Report a problem | ||
| 9/26/2025 | Pending sale | $220,000 |
Source: IRMLS #202538020 Report a problem | ||
| 9/19/2025 | Listed for sale | $220,000 |
Source: IRMLS #202538020 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46706
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Nearby schools
GreatSchools rating
- 6/10McKenney-Harrison Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Dekalb Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Dekalb High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: McKenney-Harrison
- Middle: Dekalb
- High: Dekalb
- District: Dekalb Central United
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- De Kalb County
- Auburn
- 46706
- 112-114 W 2nd St
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