Discover the perfect investment opportunity in the heart of Nappanee with this exceptional property. Featuring a 2-bedroom unit, an efficiency unit and 10-rooms for rent by the week. This property promises great cash flow potential for savvy investors. Situated conveniently close to downtown, tenants will enjoy easy access to local amenities and businesses. Whether you're looking to expand your rental portfolio or seeking a prime location for your next business venture, this property is poised to deliver both value and returns.
Closed
$149,900
152 W Lincoln St, Nappanee, IN 46550
3beds
2,838sqft
Multi Family
Built in 1910
-- sqft lot
$201,900 Zestimate®
$--/sqft
$1,160 Estimated rent
Home value
$201,900
$180,000 - $226,000
$1,160/mo
Zestimate® history
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$970/mo
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Zillow last checked:
Listing updated:
Listed by:
Emmon Schmucker Office:574-522-2822,
Coldwell Banker Real Estate Group
Bought with:
Emmon Schmucker, RB14037274
Coldwell Banker Real Estate Group
Source: IRMLS,MLS#: 202413623
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Radiator
Cooling
- None
Features
- Flooring: Carpet
- Basement: Full,Block
Interior area
- Total structure area: 3,860
- Total interior livable area: 2,838 sqft
- Finished area above ground: 2,838
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Enclosed
- Fencing: None
Lot
- Size: 4,356 Square Feet
- Dimensions: 63X66
- Features: Irregular Lot, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 201336429010.000021
- Zoning: B-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Foursquare
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: NIPSCO
- Gas: NIPSCO
- Sewer: City
- Water: City, Fort Wayne City Utilities
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: Sidewalks
- Subdivision: None
Location
- Region: Nappanee
Financial & listing details
- Tax assessed value: $196,800
- Annual tax amount: $4,052
- Date on market: 7/4/2024
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: Weekly,Month To Month
- Total actual rent: 33800
- Tenant pays: None
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2024 | Sold | $149,900 |
Source:  IRMLS #202413623 Report a problem | ||
| 4/26/2024 | Pending sale | $149,900 |
Source: IRMLS #202413623 Report a problem | ||
| 4/22/2024 | Listed for sale | $149,900 |
Source: IRMLS #202413623 Report a problem | ||
| 10/8/2019 | Listing removed | $149,900$53/sqft |
Source: Phil Hahn and Associates #10569154 Report a problem | ||
| 9/10/2019 | Pending sale | $149,900$53/sqft |
Source: Phil Hahn and Associates #10569154 Report a problem | ||
| 1/15/2019 | Listed for sale | $149,900$53/sqft |
Source: Phil Hahn and Associates #10569154 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,976 +22.8% | -- |
| 2024 | $4,053 -2.2% | $242,300 +23.1% |
| 2023 | $4,143 +76.2% | $196,800 -2% |
| 2022 | $2,351 -0.2% | $200,800 +77.1% |
| 2021 | $2,356 -28% | $113,400 |
| 2020 | $3,274 +10.5% | $113,400 -28% |
| 2019 | $2,963 +14.1% | $157,500 +10.8% |
| 2018 | $2,596 +10.6% | $142,200 +9.6% |
| 2017 | $2,348 | $129,800 +4.8% |
| 2016 | $2,348 +1.9% | $123,800 +7.5% |
| 2014 | $2,304 0% | $115,200 |
| 2013 | $2,304 +3% | $115,200 -2% |
| 2012 | $2,236 -8.2% | $117,500 -3.5% |
| 2011 | $2,436 -1.9% | $121,800 -1.9% |
| 2010 | $2,484 -5.3% | $124,200 -5.3% |
| 2009 | $2,624 | $131,200 |
Find assessor info on the county website
Neighborhood: 46550
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Nearby schools
GreatSchools rating
- 8/10Woodview Elementary SchoolGrades: K-5Distance: 1.2 mi
- 8/10North Wood Middle SchoolGrades: 6-8Distance: 6.9 mi
- 8/10North Wood High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Nappanee
- Middle: NorthWood
- High: NorthWood
- District: Wa-Nee Community Schools
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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$201,900
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$205,938
- Indiana
- Elkhart County
- Nappanee
- 46550
- 152 W Lincoln St
Nearby cities
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