Whether you are a seasoned investor, or just starting out, this 4-plex is ready for you. This home features 4-1 bedroom/1bath efficiency apartments that have been completely remodeled from head to toe. Imagine starting your investment journey with a multi-family property that needs the minimum in savings for those dreaded capital expenditures. Starting from the top; New roof, soffits, gutters and windows. Each apartment has been drywalled and painted. They have been made to withstand wear and tear with water proof flooring. Each bathroom has new vanities, toilets and shower surrounds. Each kitchen has new cabinets, countertops and appliances. Underneath you will find new electrical and plumbing. New HVAC systems and water heaters. Each tenant will have access to your private laundry room located at the back of the home. Included are two sets of coin-operated washer and dryers. Each apartment is metered separately as well! There is plenty of off street parking and a large shed that could be rented out for storage. 3 units remain empty as this property was just finished. Unit 2 is currently leased. This property is a must see!
Closed
$394,000
559 Catterlin St, Frankfort, IN 46041
4beds
3,088sqft
Single Family Residence
Built in 1900
10,018 Square Feet Lot
$333,700 Zestimate®
$--/sqft
$2,491 Estimated rent
Home value
$333,700
$284,000 - $380,000
$2,491/mo
Zestimate® history
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$2,346/mo
Est. payment
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Est. payment
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List your homeWhat's special
Private laundry roomCoin-operated washer and dryersNew electrical and plumbingWaterproof flooring
Zillow last checked:
Listing updated:
Listed by:
John Townsend Agt:765-250-0050,
Trueblood Real Estate
Bought with:
Tyler Secrist, RB18000383
CENTURY 21 Bradley Realty, Inc
Source: IRMLS,MLS#: 202506621
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Elec, Microwave, Refrigerator, Washer, Dryer-Electric, Electric Range, Electric Water Heater
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Laminate Counters, Entrance Foyer
- Flooring: Other
- Windows: Window Treatments, Blinds
- Basement: Partial,Brick
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,188
- Total interior livable area: 3,088 sqft
- Finished area above ground: 3,088
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 10,018 Square Feet
- Dimensions: 56X186
- Features: Level, City/Town/Suburb
Details
- Additional structures: Shed
- Parcel number: 121011104008.000021
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Georgian
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Frankfort
Financial & listing details
- Tax assessed value: $131,300
- Annual tax amount: $2,453
- Date on market: 3/3/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2025 | Sold | $394,000-1.5% |
Source:  IRMLS #202506621 Report a problem | ||
| 4/12/2025 | Pending sale | $399,900 |
Source: IRMLS #202506621 Report a problem | ||
| 3/3/2025 | Listed for sale | $399,900 |
Source: IRMLS #202506621 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,708 +11% | $131,300 +8% |
| 2024 | $2,438 +21.5% | $121,600 +15.2% |
| 2023 | $2,007 +26.9% | $105,600 +21% |
| 2022 | $1,582 -1.2% | $87,300 +29.1% |
| 2021 | $1,601 -0.2% | $67,600 |
| 2020 | $1,603 -52.3% | $67,600 |
| 2019 | $3,360 +109.8% | $67,600 +0.1% |
| 2018 | $1,602 +2.8% | $67,500 +0.9% |
| 2017 | $1,558 +2.5% | $66,900 +3.7% |
| 2016 | $1,520 +16.6% | $64,500 +0.6% |
| 2014 | $1,304 +0% | $64,100 |
| 2013 | $1,304 +2.3% | $64,100 +2.2% |
| 2012 | $1,275 -21.4% | $62,700 -21.1% |
| 2011 | $1,622 -2.9% | $79,500 -2.9% |
| 2010 | $1,670 | $81,900 |
| 2009 | $1,670 | $81,900 -8.2% |
| 2006 | -- | $89,200 +9.9% |
| 2005 | -- | $81,200 |
Find assessor info on the county website
Neighborhood: 46041
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Nearby schools
GreatSchools rating
- 3/10Suncrest Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 7/10Frankfort Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Frankfort Senior High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Suncrest
- Middle: Frankfort
- High: Frankfort
- District: Community Schools of Frankfort
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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- Indiana
- Clinton County
- Frankfort
- 46041
- 559 Catterlin St
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