Active

$360,000

316 S Washington St, Warsaw, IN 46580

6beds

2,836sqft

$2,235/mo

Get pre-qualified

Multi Family

Built in 1873

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Brick exteriorLow-maintenance brick exteriorUpdated paintNew roof

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!

98 days
260
10

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

View 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

$2,061/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