118 S Walnut St

$115,000
Price
7
Beds
6,142 Sq. Ft.
$19 / Sq. Ft.
6,142
Sq. Ft.
$19
per Sq. Ft.

Description

Investor’s dream in downtown Ridgeville! This building features two newly renovated 2BR/1BA apartments currently rented for $550 & $600/mo, each with laundry hookups and new electric furnaces (leases available). Main level includes a former retail space with working restroom and a 3BR/1.5BA apartment in need of renovation. Upstairs offers 2,000+ sq ft of storage with great potential. Don’t miss this income producing opportunityInvestor’s dream in downtown Ridgeville! This building features two newly renovated 2BR/1BA apartments currently rented for $550 & $600/mo, each with laundry hookups and new electric furnaces (leases available). Main level includes a former retail space with working restroom and a 3BR/1.5BA apartment in need of renovation. Upstairs offers 2,000+ sq ft of storage with great potential. Don’t miss this income producing opportunity
  1. Listed by Jill Friend • Tarter Realty Auction and Appraisal Company • Office: 765-595-8155

Property Details for 118 South Walnut Street

Style
Two Story
Architectural Style
Traditional
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 08/20/2025 12:22 AM

Property Details for 118 South Walnut Street

StatusActive
MLS #202533096
Days on Market126
Taxes$393 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1909
CountyRandolph County

Location

Listing Courtesy of Tarter Realty Auction and Appraisal Company
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Building Information for 118 South Walnut Street

Building/Complex118 S Walnut StFloor-Stories2Residences5Pet Policy-Pet Policy Details-Year Built1909Building Size-

Payment Calculator

$601 per month

30 year fixed, 6.28% Interest

Principal and Interest

$568

Property Taxes

$33

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 South Walnut Street

Summary
Location and General Information
  • Area: Randolph County
  • City: Ridgeville
  • Zip Code: 47380
  • City Zoning: A-I Agricultural, Intensive
  • State: IN
  • Township: Franklin
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Inside City Limits: Yes
  • Fips Code: 18135
  • Directions To Property: East on IN-32. Left on IN-1. Right on IN-28. Right on S Walnut Street.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 68-05-12-279-072.000-002
School Information
  • School District: Randolph Central School Corp.
  • Elementary: Deerfield
  • Middle School: Driver
  • High School: Winchester
Parking
  • Number Of Parking Spaces: 0
  • Parking: Off Street, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.13
  • Lot Dimensions: 44x132
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 7374.0
  • Upper Level Sqft: 3242.0
  • Approx Lot Size Sqft: 5663.0
  • Above Grade Finished Sqft: 6142.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 6142.0
  • Above Grade Unfin Sqft: 1232.0
  • Lot Description: 0-2.9999
  • Main Level Sqft: 2900.0
Property and Assessments
  • New Construction: No
  • Year Built: 1909
  • Age: 116
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Ceiling Fan, Countertops-Laminate, Sump Pump
  • Exterior: Brick, Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Metal
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 2
  • Number of Washers: 0
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Crawl, Partial Basement
  • Cooling: Multiple Cooling Units
  • Flooring: Concrete, Laminate, Vinyl
  • Heating/Fuel: Electricity, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 7
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 7
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 2
  • Total Baths: 5
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Buildings: 1
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $420.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $13,800
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $12,987
  • Annual Property Tax: $393
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $1,150
  • Gross Monthly Rent: $1,150
Unit Information
Unit 1
  • Unit 1 SqFt: 600
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 5
  • Unit 1-Currently Rented: Yes
  • Unit 1-Laundry Room: Utility Room
  • Unit 1-Level: Upper
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 120.5
  • Unit 1-Unit Rent $: $550
Unit 2
  • Unit 2 SqFt: 642
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 5
  • Unit 2-Currently Rented: Yes
  • Unit 2-Laundry Room: Utility Room
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 118.5
  • Unit 2-Unit Rent $: $600
Unit 3
  • Unit 3 SqFt: 1400
  • Unit 3-Num of Bathrooms: 2
  • Unit 3-Num of Bedrooms: 3
  • Unit 3-Currently Rented: No
  • Unit 3-Level: Main
Unit 4
  • Unit 4 SqFt: 1500
  • Unit 4-Num of Bedrooms: 0
  • Unit 4-Currently Rented: No
  • Unit 4-Level: Main
Unit 5
  • Unit 5 SqFt: 2000
  • Unit 5-Num of Bedrooms: 0
  • Unit 5-Currently Rented: No
  • Unit 5-Level: Upper
Rental
Rental Information
  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Electric
  • Tenant Pays: Cooling, Electric, Sewer, Trash Collection, Water

Property History for 118 South Walnut Street

DateEvent & SourcePriceAppreciation
Aug 19, 2025

Listed (Active)

Indiana Regional MLS #202533100

$115,000
Aug 19, 2025

Listed (Active)

Indiana Regional MLS #202533096

$115,000
Jun 2, 2023

Sold (Public Record)

Public Record #1521597530

$5,000
Dec 11, 2012

Expired

Indiana Regional MLS #20020249

Jan 11, 2010

Listed (Active)

Indiana Regional MLS #20020249

$30,000
DateEvent & SourcePrice
08/19/2025

Listed (Active)

Indiana Regional MLS #202533100

$115,000
08/19/2025

Listed (Active)

Indiana Regional MLS #202533096

$115,000
06/02/2023

Sold (Public Record)

Public Record #1521597530

$5,000
12/11/2012

Expired

Indiana Regional MLS #20020249

01/11/2010

Listed (Active)

Indiana Regional MLS #20020249

$30,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 South Walnut Street

Taxable ValueLand$4,800Additions$8,300Total$13,100
Tax Record2024$393 ($33 / month)
Home Facts
Total Finished SqFt9,240 SqFtAbove Grade Finished SqFt9,240 SqFtStories3Lot Size5,808 SqFtStyleMiscellaneous CommercialYear Built1909CountyRANDOLPHAPN68-05-12-279-072.000-002

Schools near 118 South Walnut Street

This home is within Randolph Central School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Deerfield Elementary School
PublicPK to 5

Lee L Driver Middle School
Public6 to 8

Winchester Community High School
Public9 to 12

Willard Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

118 South Walnut Street is a multi-family home for sale in Ridgeville, IN 47380. This property was listed for sale on August 19, 2025 by Tarter Realty Auction and Appraisal Company, it's currently listed at $115,000. It has been on the market for a total of 126 days and was last sold on June 2, 2023. This listing's school district is Randolph Central School Corp. Nearby schools include Deerfield Elementary School, Lee L Driver Middle School and Winchester Community High School. 118 South Walnut Street is a 7-bed, 5-bath, 6,142 sqft multi-family home built in 1909.

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Listing Courtesy of Tarter Realty Auction and Appraisal Company

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.