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Off market
    • $224,000

    152 S Madison St, Nappanee, IN 46550

    5beds
    2,040sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $224,000 Zestimate®
    $110/sqft
    $1,401 Estimated rent

    Home value

    $224,000

    $204,000 - $244,000

    $1,401/mo

    Zestimate® history
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    Owner options

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    $1,401/mo

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    $1,401/mo

    Rent Zestimate®

    Refinance and save

    $1,450/mo

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    $1,450/mo

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    What's special

    Awesome 3 unit home in desirable Nappanee, Indiana. It is rare to find a solid multi-unit home in this town, so act fast. This home with beautiful natural woodwork offers a downstairs 2 bed 1 bath unit (potential rent over $800/mo), upstairs 2 bed 1 bath unit (currently rented at $775/mo), and an efficiency unit in a separate building (potential rent $500/mo). Currently, owner pays all utilities. This could be the perfect addition to your rental portfolio and offer a great return on investment!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 5
    Heating
    • Other, Gas
    Cooling
    • None
    Features
    • Basement
    • Flooring: Carpet, Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 2,040 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Detached
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 8,712 Square Feet
    • Topography: Level
    Details
    • Parcel number: 201431302007000029

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 1920

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: City

    Community & HOA

    Location
    • Region: Nappanee

    Financial & listing details

    • Price per square foot: $110/sqft
    • Tax assessed value: $185,500
    • Annual tax amount: $2,600
    • Lease term: Month To Month

    Price history

    DateEventPrice
    9/26/2019Sold$112,000-10.3%$55/sqft
    Source: Agent Provided Report a problem
    7/16/2019Price change$124,900-7.4%$61/sqft
    Source: Myers Trust Real Estate #201912072 Report a problem
    6/12/2019Price change$134,900-3.6%$66/sqft
    Source: Myers Trust Real Estate #201912072 Report a problem
    5/7/2019Price change$139,900-5.2%$69/sqft
    Source: Myers Trust Real Estate #201912072 Report a problem
    4/23/2019Price change$147,500-1.6%$72/sqft
    Source: Myers Trust Real Estate #201912072 Report a problem
    4/5/2019Listed for sale$149,900+42.8%$73/sqft
    Source: Myers Trust Real Estate #201912072 Report a problem
    1/23/2018Sold$105,000$51/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,600 -3.4%$185,500 +9.2%
    2024$2,692 -1.6%$169,800 +8.8%
    2023$2,736 +55.2%$156,000 -30%
    2022$1,763 -25.3%$222,700 +32.6%
    2021$2,362 -0.3%$167,900 +48.2%
    2020$2,368 +0.1%$113,300 -0.1%
    2019$2,365 +47.9%$113,400 +0.4%
    2018$1,599 -0.9%$112,900 +42%
    2017$1,614 $79,500
    2016$1,614 -0.9%$79,500 -1.7%
    2014$1,628 $80,900
    2013$1,628 -0.2%$80,900 -0.2%
    2012$1,632 -8.9%$81,100 -8.7%
    2011$1,792 -26.3%$88,800 -26.6%
    2010$2,433 -0.8%$120,900 -0.9%
    2009$2,454 $122,000
    Find assessor info on the county website

    Neighborhood: 46550

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Nappanee
    • Middle: NorthWood
    • High: NorthWood
    • District: Wa-Nee Community Schools

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $224,000
    2% more
    +$4,480
    With Zillow Showcase(estimated)
    $228,480
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $224,000
    2% more
    +$4,480
    With Zillow Showcase(estimated)
    $228,480

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