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$599,000
5,170
square ft

226 E Washington Street
Rensselaer, Indiana 47978

Pending / MLS #814093 / Multiple Unit (2-4) / Rensselaer
Listing information updated 10/26/2025 at 6:24pm
***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency HVAC systems and MORE. Located in the heart of Rensselaer's business district, tenants can walk to work, the pharmacy, the local restaurants, and more. Unit makeup consists of 1- 2 bed/ 1 bath, 2- 2 bed/ 2 bath, and 1- 1 bed/ 1 bath with loft space. Gross rents total $55,000 annually, owner pays taxes, insurance, ground maintenance and snow removal. Tenants pay ALL utilities. With over an 8% cap rate when fully rented, this investment opportunity awaits its new beneficiary! Call an agent today!
Basement:
Apartment,Finished
Cooling System:
Central Air, Ceiling Fan(s)
Heating System:
Forced Air, Natural Gas
Appliances:
Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
Pool:
No
Age:
119 Years
Roof Type:
Asphalt
Parking Type:
Additional Parking,Direct Access,Common,Attached Carport,Asphalt
Garage:
Additional Parking,Direct Access,Common,Attached Carport,Asphalt
Water Front:
No
Square Feet:
5,170
Lot Size:
0.251 Acres
Acreage:
0.251
Tax Amount:
$1,165
Tax Year:
2023
Zip Code:
47978
City:
Rensselaer
County:
Jasper
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: RE/MAX Executives

Listing Office Phone: 219.987.2230

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/26/2025 at 6:24pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$224,680
Average Sale Price
97
Average Days On The Market
91%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 226 E Washington Street, Rensselaer, IN 47978
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226 E Washington Street, Rensselaer, IN 47978 is a multiple unit (2-4) which sold for $599,000. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since December 17th, 2024 and was built in 1906.

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