For sale

Price cut: $20K (9/8)

$455,000

601 S Walnut St, Mount Summit, IN 47361

6beds

6baths

3,348sqft

$3,075/mo

Get pre-qualified

Multi Family

Built in 1960

-- sqft lot

$460,800 Zestimate^®

$136/sqft

$-- HOA

What's special

Coin-op laundry machinesFresh exterior paint

CAP RATE of 9.7%. Turnkey 7-UNIT investment opportunity in this fully occupied, one-level apartment building conveniently located in Mount Summit, IN. Built in 1960, it has a total 3,348 square feet of living area resting on a spacious .537 acre lot. Six of the units are 1 bedroom, one-bathroom and approximately 500 SF each. The 7th unit is an efficiency unit with approximately 350 SF of living space. The spacious lot allows for tenant parking on property. Recent updates include a spacious deck for outdoor gatherings, fresh exterior paint, and coin-op laundry machines. Owner pays all utilities and maintenance. Tenant’s rights apply. (*interior photos have been digitally altered to remove some personal items)

20 days
193
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6

Heating

Unit 1 Heat Type(Electric), Unit 2 Heat Type(Electric), Unit 3 Heat Type(Electric), Unit 4 Heat Type(Electric), Unit 5 Heat Type(Electric), Unit 6 Heat Type(Electric)

Cooling

Window Unit(s)

Appliances

Included: Unit 1 Appliances(Range-Electric, Refrigerator), Unit 2 Appliances(Range-Electric, Refrigerator), Unit 3 Appliances(Range-Electric, Refrigerator), Unit 4 Appliances(Range-Electric, Refrigerator), Unit 5 Appliances(Range-Electric, Refrigerator), Unit 6 Appliances(Range-Electric, Refrigerator), Electric Water Heater

Features

Basement: None
Has fireplace: No

Interior area

Total structure area: 3,348
Total interior livable area: 3,348 sqft

Property

Features

Levels: One
Patio & porch: Deck

Lot

Size: 0.54 Acres

Details

Parcel number: 330721240241.000022

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Wood Siding, Stick
Foundation: Slab
Roof: Asphalt,Shingle

Condition

Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Mount Summit

Financial & listing details

Price per square foot: $136/sqft
Annual tax amount: $4,494
Date on market: 8/25/2026
Total actual rent: 5100

Estimated market value

$460,800

$438,000 - $484,000

Not available

Price history

Date	Event	Price
9/8/2026	Price change	$455,000-4.2%
Source: IRMLS #202628922 Report a problem
7/17/2026	Listed for sale	$475,000+5.6%
Source: IRMLS #202628922 Report a problem
4/5/2023	Listing removed	$450,000
Source: IRMLS #202241258 Report a problem
12/14/2022	Price change	$450,000-8.2%
Source: IRMLS #202241258 Report a problem
10/13/2022	Pending sale	$490,000
Source: IRMLS #202241258 Report a problem
10/4/2022	Listed for sale	$490,000
Source: IRMLS #202241258 Report a problem