This 6-unit brick investment property offers an excellent opportunity to grow your portfolio with strong income potential and recent updates already in place! Over the last 18 months, many improvements have been completed throughout the property, including updated paint, durable and easy-to-maintain LVP flooring, new roof, and more. Five units feature 1 bedroom and 1 bathroom with practical layouts designed for comfortable everyday living and an efficiency unit rounds out the property. Investors will appreciate the attractive 12.94% CAP rate along with the low-maintenance brick exterior. Conveniently located near Downtown Warsaw, tenants can enjoy easy access to local shopping, restaurants, parks, and other amenities. Whether you’re looking to expand your rental portfolio or step into multifamily investing, this property offers strong returns and upside potential!
Active
$360,000
316 S Washington St, Warsaw, IN 46580
6beds
2,836sqft
Multi Family
Built in 1873
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brick exteriorLow-maintenance brick exteriorUpdated paintNew roof
- 48 days |
- 327 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
James Bausch Cell:574-742-4531,
RE/MAX Results
Source: IRMLS,MLS#: 202619931
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Eat-in Kitchen
- Flooring: Carpet, Vinyl
- Basement: Crawl Space,Partial
Interior area
- Total structure area: 3,950
- Total interior livable area: 2,836 sqft
- Finished area above ground: 2,836
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Dimensions: 66X132
- Features: Corner Lot, 0-2.9999
Details
- Additional structures: None
- Parcel number: 431108300247.000032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1873
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Hood & Britton
Location
- Region: Warsaw
Financial & listing details
- Tax assessed value: $225,700
- Annual tax amount: $4,641
- Date on market: 5/25/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Land
- Lease term: Weekly,Month To Month
- Total actual rent: 67758
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
$1,935/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2026 | Listed for sale | $360,000+63.6% |
Source:  IRMLS #202619931 Report a problem | ||
| 5/29/2024 | Sold | $220,000+51.8% |
Source: IRMLS #202421204 Report a problem | ||
| 7/24/2010 | Listing removed | $144,900$51/sqft |
Source: ReMax Rainbow Realtors, Inc. #22150 Report a problem | ||
| 10/19/2009 | Listed for sale | $144,900$51/sqft |
Source: ReMax Rainbow Realtors, Inc. #22150 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,769 +3.3% | $225,700 -2.2% |
| 2024 | $4,615 +10.9% | $230,800 +3.9% |
| 2023 | $4,163 +18.6% | $222,200 +11% |
| 2022 | $3,509 +7.2% | $200,200 +19.2% |
| 2021 | $3,274 +7% | $167,900 +7.3% |
| 2020 | $3,059 +4.7% | $156,500 +7.2% |
| 2019 | $2,921 +2.9% | $146,000 +5% |
| 2018 | $2,838 +7.1% | $139,100 +3.2% |
| 2017 | $2,648 +7.8% | $134,800 +7.2% |
| 2016 | $2,457 +4.3% | $125,700 +6.7% |
| 2014 | $2,356 +2% | $117,800 +2% |
| 2013 | $2,310 -5% | $115,500 -3.8% |
| 2012 | $2,431 -8.7% | $120,000 -8.7% |
| 2011 | $2,663 -1.8% | $131,400 -1.8% |
| 2010 | $2,711 -1% | $133,800 -2.3% |
| 2009 | $2,738 +7.2% | $136,900 |
| 2007 | $2,554 | $136,900 -1.8% |
| 2006 | -- | $139,400 +44.9% |
| 2005 | -- | $96,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46580
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: K-6Distance: 0.7 mi
- 6/10Edgewood Middle SchoolGrades: 7-8Distance: 0.6 mi
- 9/10Warsaw Community High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Edgewood
- High: Warsaw
- District: Warsaw Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $--1 bd1 ba550 sqft316 S Washington St #2, Warsaw, IN 46580Off Market
- $--1 bd1 ba550 sqft316 S Washington St #3, Warsaw, IN 46580Off Market
- $--1 bd1 ba495 sqft316 S Washington St #6, Warsaw, IN 46580Off Market
- $--1 bd1 ba400 sqft316 S Washington St #5, Warsaw, IN 46580Off Market
- $175,0005 bd4 ba2.9k sqft322 S Washington St, Warsaw, IN 46580Sold
- $188,0004 bd2 ba1.9k sqft310 S Washington St, Warsaw, IN 46580Sold
- $--2 bd1 ba1.1k sqft310 S Washington St #A, Warsaw, IN 46580Off Market
- $--2 bd1 ba796 sqft310 S Washington St #B, Warsaw, IN 46580Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- Indiana
- Kosciusko County
- Warsaw
- 46580
- 316 S Washington St
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