226 E Washington St

$599,000
Price
Beds
Baths
5,170 Sq. Ft.
$116 / Sq. Ft.
5,170
Sq. Ft.
$116
per Sq. Ft.

Description

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,...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!
  1. Listed by Trisha Potts • RE/MAX Executives
    P: (219)-204-8312 C: (219)-204-8312 trishamariepotts@gmail.com

Property Details for 226 East Washington Street

Subdivision
City/Rensselaer
Pets Allowed
Call
LISTING UPDATED: 10/26/2025 06:01 PM

Property Details for 226 East Washington Street

StatusPending
MLS #814093
Days on Market311
Taxes$1,165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1906
Lot Size0.25 AC / 10,934 SF
CountyJasper County

Location

Listing Courtesy of RE/MAX Executives
Add your commute

Building Information for 226 East Washington Street

Stories-Residences4Year Built1906Building Size-Lot Size0.25 AC / 10,934 SF

Payment Calculator

$3,057 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,960

Property Taxes

$97

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 226 East Washington Street

Summary
Location and General Information
  • Directions: McKinley to Washington, property on the corner.
  • Cross Street Address: McKinley
  • City/Town: Rensselaer
  • State: IN
  • Township: Marion
  • ZIP: 47978
  • Latitude: 40.94
  • Longitude: -87.15
  • County: Jasper
Taxes and HOA
  • Annual Tax Amount: $1,165.00
  • APN/Key #: 370730020017209027
  • Tax Year: 2023
  • Tax Legal Description: ORIG PLAT E 110' LOTS 1 & 2 BLK 20
Parking
  • Garage Description: Additional Parking, Direct Access, Common, Attached Carport, Asphalt
Property
Lot Information
  • Lot Square Footage: 10,934.00
  • Total Sq. Ft.: 5170.0
  • Square Footage Source: Assessor
  • Acres: .25
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1906
  • Lot Description: Corner Lot
  • Road Access: City Street
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Electric: 200+ Amp Service, Separate Meters
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Entrance
  • Out Buildings: None
  • Foundation Details: Block, Combination
  • Levels: Quad-Level
Interior Features
  • Appliances: Dryer, Washer, Refrigerator, Range, Microwave, Dishwasher
  • Basement Type: Apartment, Finished
  • Basement: Yes
  • Basement Sq Ft: 1440.0
  • Cooling: Central Air, Ceiling Fan(s)
  • Flooring: Luxury Vinyl
  • Equipment: None
  • Heat Type: Forced Air, Natural Gas
  • Interior Features: Ceiling Fan(s), High Ceilings, Granite Counters
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: All Utilities

Property History for 226 East Washington Street

DateEvent & SourcePriceAppreciation
Oct 24, 2025

Pending

Northwest Indiana REALTORS® Association #814093

Dec 17, 2024

Listed (Active)

Northwest Indiana REALTORS® Association #814093

$599,000
Sep 19, 2022

Sold (Public Record)

Public Record #1510493430

$60,000
DateEvent & SourcePrice
10/24/2025

Pending

Northwest Indiana REALTORS® Association #814093

12/17/2024

Listed (Active)

Northwest Indiana REALTORS® Association #814093

$599,000
09/19/2022

Sold (Public Record)

Public Record #1510493430

$60,000

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

Public Records for 226 East Washington Street

Taxable ValueLand$29,700Additions$186,400Total$216,100
Tax Record2024$2,858 ($238 / month)
Home Facts
Baths2Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtStories4Lot Size10,934 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningBUFFCountyJASPERAPN37-07-30-020-017.209-027

Schools near 226 East Washington Street

This home is within Rensselaer Central School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rensselaer Central Primary School
PublicPK to 2

Van Rensselaer Elementary School
Public3 to 5

Rensselaer Middle School
Public6 to 8

Rensselaer Central High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Executives

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association 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, Northwest Indiana REALTORS® AssociationSoutheastern 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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 09:19 PM. 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.