Excellent Investment Opportunity! This well-maintained, fully furnished duplex offers established rental income and a convenient location. Both units are furnished and ready for continued use, providing added value and convenience for the next owner. Each unit offers a living room, dining area, fully-applianced kitchen, tiled bathroom w/heated floors, 2 bedrooms, & 1 car att. garage. Also, each patio door leads to their own private outdoor patio space, making this property an attractive option for an investor seeking an income-producing property. The property also provides flexibility for an owner-occupant who may choose to live in one unit while renting the other. In addition, future strategy potential exists to explore possibly a condominium conversion. Conveniently located on a corner lot in town, just off the I-65/SR 114 corridor, this property combines location, condition, furnishings, & income potential. Whether you're looking to expand an investment portfolio, pursue an owner-occupied strategy, or explore the potential for future condominium conversion and separate sale, this property offers multiple possibilities.
Active
Price increase: $10.9K (8/20)
$369,900
701-703 N College Ave, Rensselaer, IN 47978
4beds
2baths
--sqft
Duplex
Built in 2012
-- sqft lot
$352,700 Zestimate®
$--/sqft
$-- HOA
What's special
Dining areaPrivate outdoor patio spaceCorner lot in townFully-applianced kitchen
- 72 days
- 132
- 6
Zillow last checked:
Listing updated:
Listed by:
Noelle Weishaar,
Jenkins Real Estate, Inc. 219-866-5908
Source: NIRA as distributed by MLS GRID,MLS#: 844081
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Unit Control, Natural Gas
Appliances
- Included: Dryer, Washer, Refrigerator, Microwave, Gas Water Heater, Dishwasher
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Other
- Has basement: No
- Has fireplace: No
Interior area
- Finished area above ground: 1,820
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Garage Door Opener, Attached, Garage Faces Front, Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Patio & porch: Other, Patio
- Exterior features: Other, Private Yard
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 8,015 Square Feet
- Features: Corner Lot, Rectangular Lot, Landscaped
Details
- Has additional parcels: Yes
- Parcel number: 370719001005002027
- Zoning description: Residential
- Special conditions: Agent Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Thompsons Add
HOA
- Has HOA: No
Location
- Region: Rensselaer
Financial & listing details
- Tax assessed value: $196,700
- Annual tax amount: $1,990
- Date on market: 8/20/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
Estimated market value
$352,700
$335,000 - $370,000
$1,462/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $369,900+3% |
Source:  NIRA as distributed by MLS GRID #844081 Report a problem | ||
| 6/21/2026 | Listed for sale | $359,000-5.3% |
Source: Owner Report a problem | ||
| 9/29/2025 | Listing removed | $379,000 |
Source:  IRMLS #202510386 Report a problem | ||
| 6/22/2025 | Price change | $379,000-5% |
Source: IRMLS #202510386 Report a problem | ||
| 3/29/2025 | Listed for sale | $399,000 |
Source: IRMLS #202510386 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,109 +0.5% | $196,700 +9.9% |
| 2024 | $2,100 +28.4% | $179,000 +4.1% |
| 2023 | $1,635 -5.5% | $171,900 +34.9% |
| 2022 | $1,731 -1.3% | $127,400 +2.7% |
| 2021 | $1,753 +2.8% | $124,000 -3.4% |
| 2020 | $1,704 +1.2% | $128,400 -1.2% |
| 2019 | $1,685 +10.5% | $129,900 -1.2% |
| 2017 | $1,525 +0.1% | $131,500 -1.8% |
| 2016 | $1,523 +2.7% | $133,900 +4% |
| 2014 | $1,483 -4.5% | $128,700 -9.4% |
| 2013 | $1,553 +667% | $142,000 +663.4% |
| 2012 | $203 -28.5% | $18,600 -20.2% |
| 2011 | $283 +29% | $23,300 |
| 2010 | $219 +3.1% | $23,300 |
| 2009 | $213 | $23,300 -47.8% |
| 2006 | -- | $44,600 +8.5% |
| 2005 | -- | $41,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 47978
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