Sold
Last Sold Price
5 beds6,924 sqft$13/sqft
1617 S Rd, Garrett, IN 46738
Multi FamilyProperty Type
9,167 sq ftLot Size
1914Year Built
$13/sq ftPrice per sq ft

Description

Multi-family investment property in Garrett! 9 one bedroom units with appliances. Electrical upgrade in 2008. Currently all units are rented. Owner pays all utilities & cable, netting an average of $1800 monthly. Owner has priced this property to sell. Please, qualified buyers only! No land contract available. (3/14/2012-the Net Ann. Income is not totalling correctly the correct Net Ann. Income is $26,155.96 & the Insurance isnt coming up correctly either, the correct amount it $1,131.00)Multi-family investment property in Garrett! 9 one bedroom units with appliances. Electrical upgrade in 2008. Currently all units are rented. Owner pays all utilities & cable, netting an average of $1800 monthly. Owner has priced this property to sell. Please, qualified buyers only! No land contract available. (3/14/2012-the Net Ann. Income is not totalling correctly the correct Net Ann. Income is $26,155.96 & the Insurance isnt coming up correctly either, the correct amount it $1,131.00)
  • Listed by: Terry Malcolm • Castle One Realty, Inc.
Listing closed: 05/11/2012 12:00 AM • Source: Indiana Regional MLS, MLS#: 201202743

Recent comparable sales

Median sold price

$260,000

Avg days on market

45

Sale-to-list ratio

100.0%

Garrett, IN

9 comparable properties found

$305,000 | 120 South Franklin Street, Garrett, IN 46738
1/16
1

$305,000

Sold 10/10/25

8
Bedrooms
5,368
Square Feet
0.14
Acres
$285,000 | 310 South Harrison Street, Garrett, IN 46738
1/28
2

$285,000

Sold 04/15/26

5
Bedrooms
2,340
Square Feet
0.09
Acres
$187,000 | 104 South Cowen Street, Garrett, IN 46738
1/23
3

$187,000

Sold 02/06/26

5
Bedrooms
1,920
Square Feet
0.14
Acres
$260,000 | 222 South Cowen Street, Garrett, IN 46738
1/2
4

$260,000

Sold 01/02/26

5
Bedrooms
1,744
Square Feet
0.09
Acres
5

$81,796

Sold 05/12/25

4
Bedrooms
1
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1,536
Square Feet
0.25
Acres
$148,000 | 819 South Cowen Street, Garrett, IN 46738
1/17
6

$148,000

Sold 01/05/26

5
Bedrooms
1,630
Square Feet
0.14
Acres
$425,000 | 1435 Walnut Court, Garrett, IN 46738
1/51
7

$425,000

Sold 07/28/26

5
Bedrooms
3,680
Square Feet
0.31
Acres
8

$100,000

Sold 06/02/25

4
Bedrooms
2
Bathrooms
2,016
Square Feet
0.14
Acres
$365,000 | 511 Alexander Place, Garrett, IN 46738
1/37
9

$365,000

Sold 02/10/25

5
Bedrooms
2,700
Square Feet
0.34
Acres

Location

Listing Courtesy of Castle One Realty, Inc.

Sold By Freedom First Real Estate, LLC

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Property Information for 1617 S Road

Property Details
  • Taxes: $2,879 / year
  • MLS Type: Multi Family / Apartment Building
  • Style: Two Story
  • Subdivision: None
  • Pet Restrictions: Yes
Building Information
  • Building/Complex: 1617 S Rd
  • Stories: 2
  • Residences: 9
  • Year Built: 1914
Summary
Location and General Information
  • Area: Dekalb County
  • City: Garrett
  • Zip Code: 46738
  • State: IN
  • Township: Keyser
  • Section Number: 18
  • Fips Code: 18033
  • Directions To Property: Randolph St. (SR 327) North to Quincy St. East to stop sign. Left onto South Rd., property is on the corner of South Rd. & Taylor Rd.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 10/11
  • Parcel Number Id: 170903229002000013
School Information
  • School District: Garrett Keyser Butler
  • Elementary: J.E. Ober
  • Middle School: Garrett Middle
  • High School: Garrett High
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.21
  • Lot Dimensions: 50x188
  • Lot Number: 2
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 6924.0
  • Approx Lot Size Sqft: 9167.0
  • Above Grade Finished Sqft: 6924.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 6924.0
  • Lot Description: Corner
Property and Assessments
  • New Construction: No
  • Year Built: 1914
  • Age: 98
Utilities
  • Sewer: City
  • Water Utility: City
  • Water Type: None
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Water Heater Gas
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 9
  • Number of Refrigerators: 9
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement/Foundation: Slab
  • Cooling: None
  • Flooring: Mixed
  • Heating/Fuel: Gas, Hot Water
  • Stories: 2
  • Total Number of Full Baths: 9
  • Total Number of Half Baths: 0
  • Total Baths: 9
  • Num Of 1 Bedrooms: 9
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 9
  • Number of Buildings: 1
  • Number of Units: 9
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $2,410.22
  • Annual Gross Rent $: $42,012
  • Annual Insurance Expense: $1,131
  • Annual Maint. Expense: $1,308
  • Annual Misc: $1,832
  • Annual Net Income: $26,156
  • Annual Property Tax: $2,879
  • Annual Trash Expense: $1,815
  • Annual Water/Sewer Exp: $4,482
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $300.00
  • Unit 1-Garage: No
  • Unit 1-Lease Exp Date: 10-25-2011
  • Unit 1-Rent Frequency: Weekly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $95
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $300.00
  • Unit 2-Lease Exp Date: 07-07-2011
  • Unit 2-Rent Frequency: Weekly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $95
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 3
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $300.00
  • Unit 3-Lease Exp. Date: 08-03-2012
  • Unit 3-Rent Frequency: Weekly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $95
Unit 4
  • Unit 4-Num of Bathrooms: 1
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 3
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $300.00
  • Unit 4-Lease Exp Date: 03-03-2012
  • Unit 4-Rent Frequency: Weekly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $95
Unit 5
  • Unit 5-Num of Bathrooms: 1
  • Unit 5-Num of Bedrooms: 1
  • Unit 5-Num of Rooms: 3
  • Unit 5-Currently Rented: Yes
  • Unit 5-Deposit Amount: $300.00
  • Unit 5-Lease Exp Date: 03-03-2006
  • Unit 5-Rent Frequency: Weekly
  • Unit 5-Unit Number: 5
  • Unit 5-Unit Rent $: $95
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Cable, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cooling

Property History for 1617 S Road

DateEvent & SourcePriceAppreciation
May 11, 2012

Sold

Indiana Regional MLS #667223

$86,900
May 11, 2012

Sold

Indiana Regional MLS #201202743

$86,900
Apr 4, 2012

Pending

Indiana Regional MLS #667223

DateEvent & SourcePrice
05/11/2012

Sold

Indiana Regional MLS #667223

$86,900
05/11/2012

Sold

Indiana Regional MLS #201202743

$86,900
04/04/2012

Pending

Indiana Regional MLS #667223

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

Public Records for 1617 S Road

Taxable ValueLand$24,600Additions$186,000Total$210,600
Tax Record2025$3,856 ($321 / month)
Home Facts
Total Finished SqFt6,924 SqFtAbove Grade Finished SqFt6,924 SqFtStories2Lot Size9,409 SqFtStyleMulti-Family Res (5+ Units)Year Built1914Year Renovated1914CountyDEKALBAPN17-09-03-229-002.000-013

Schools near 1617 S Road

This home is within Garrett-Keyser-Butler Com.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 5
Rating
School
Distance
J E Ober Elementary School
PublicK to 5

Garrett Middle School
Public6 to 8

Garrett High School
Public9 to 12

St Joseph School
PrivatePK 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1617 S Road, Garrett, IN 46738
$86,900
5
6,924
9,167
3,953
7,797
$167,700
3
2
1,487
10,324
15,507
$100,000
2
1,278
25,527
7,623

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Castle One Realty, Inc.

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.