Pending

$219,900

316 S Lee St, Garrett, IN 46738

3beds

2,004sqft

$1,416/mo

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Triplex

Built in 1900

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Well maintained fully occupied triplex - one of NE Indiana's stronger, faster-appreciating submarkets. Two units thoroughly updated within the last few years; third in good condition with a long-term tenant. Unit 1 (first floor, most updated): $1,000/mo Unit 2 (upstairs, long-term tenant, about 10 yrs): $750/mo Unit 3 (back, updated): $1,050/mo Owner pays utilities and lawn care. Off-street parking for 3-4 vehicles. Separate basement access for all units. 3 separate washer/dryer connections (gas and electric) are available and currently unused. Gross: $33,600/yr NOI: $24,900/yr Cap rate: 11.3% GRM 6.5

18 days

369

21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Hot Water

Cooling

Window Unit(s)

Features

Flooring: Mixed
Basement: Partial

Interior area

Total structure area: 2,705
Total interior livable area: 2,004 sqft
Finished area above ground: 2,004
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4

Features

Levels: One and One Half
Stories: 2

Lot

Size: 5,662 Square Feet
Dimensions: 45x125
Features: Irregular Lot

Details

Additional structures: None
Parcel number: 170903153031.000013

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Aluminum Siding, Brick
Foundation: Basement

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Garrett

Financial & listing details

Tax assessed value: $171,300
Annual tax amount: $2,500
Date on market: 8/7/2026
Inclusions: Building, Land, Lease
Lease term: 12 Months
Total actual rent: 33600
Tenant pays: Cable TV

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/14/2026	Pending sale	$219,900
Source: IRMLS #202632112 Report a problem
8/7/2026	Listed for sale	$219,900+100.1%
Source: IRMLS #202632112 Report a problem
4/5/2022	Listing removed	$109,900+9.9%
Source: IRMLS #202109820 Report a problem
5/28/2021	Sold	$100,000-9%$50/sqft
Source: Agent Provided Report a problem
4/8/2021	Contingent	$109,900
Source: IRMLS #202109820 Report a problem
4/1/2021	Price change	$109,900-8.3%
Source: IRMLS #202109820 Report a problem
3/27/2021	Listed for sale	$119,900+51.8%
Source: IRMLS #202109820 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
9/22/2020	Listing removed	$79,000$39/sqft
Source: Owner Report a problem
6/24/2020	Pending sale	$79,000$39/sqft
Source: Owner Report a problem
5/28/2020	Listed for sale	$79,000-4.3%$39/sqft
Source: Owner Report a problem
2/21/2002	Sold	$82,589$41/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,538 -2.3%	$171,300 +29.2%
2024	$2,597 +8.6%	$132,600 +1.8%
2023	$2,390 +23.8%	$130,300 +9%
2022	$1,930 -4.9%	$119,500 +23.8%
2021	$2,030	$96,500 -4.9%
2020	$2,030 +32%	$101,500
2019	$1,538 +55.8%	$101,500 +32.5%
2018	$987 +0.8%	$76,600 +57%
2017	$979 -0.9%	$48,800 +0.8%
2016	$988 +0.2%	$48,400 -1.8%
2014	$986 -0.8%	$49,300 -0.8%
2013	$994 +3.1%	$49,700 +3.1%
2012	$964 -23.6%	$48,200 -23.6%
2011	$1,262 -3.5%	$63,100 -3.5%
2010	$1,308 -3.4%	$65,400 -3.4%
2009	$1,354 -34.5%	$67,700 -28.7%
2007	$2,066 +3.4%	$94,900 -1.1%
2006	$1,999	$96,000