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Off market
    • $228,500

    152 S Madison St, Nappanee, IN 46550

    5beds
    2,040sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $228,500 Zestimate®
    $112/sqft
    $1,324 Estimated rent

    Home value

    $228,500

    $208,000 - $247,000

    $1,324/mo

    Zestimate® history
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    Owner options

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    $1,324/mo

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    $1,324/mo

    Rent Zestimate®

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    $1,446/mo

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    $1,446/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 off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available 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 sqft
    • 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 & neighborhood

    Location
    • Region: Nappanee

    Other

    Other facts
    • Flooring: Wood, Carpet
    • Sewer: Public Sewer
    • Topography: Level
    • Roof: Shingle
    • ArchitecturalStyle: Two Story
    • HeatingYN: true
    • Heating: Natural Gas, Conventional
    • NumberOfUnitsTotal: 3
    • ConstructionMaterials: Vinyl Siding
    • CurrentFinancing: Conventional, Cash
    • FoundationDetails: Block
    • LeaseTerm: Month To Month
    • OwnerPays: Water, Electricity, Common Area Maintenance, Maintenance, Heating
    • MainLevelBathrooms: 5
    • FarmLandAreaUnits: Square Feet
    • TrashExpense: 0
    • NumberOfUnitsLeased: 1
    • MaintenanceExpense: 500
    • ParkingFeatures: Off Street
    • BelowGradeFinishedArea: 0
    • ElectricExpense: 1800
    • InsuranceExpense: 1200
    • Gas: Gas
    • InteriorFeatures: Basement
    • CommunityFeatures: City/Town/Suburb
    • WaterSource: City
    • FuelExpense: 1200
    • GrossIncome: 2075

    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

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    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.

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    $228,500
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    +$4,570
    With Zillow Showcase(estimated)
    $233,070

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