Sold
Last Sold Price
5,170 sqft$109/sqft
226 E Washington St, Rensselaer, IN 47978
Multi FamilyProperty Type
0.25 acresLot Size
1906Year Built
$109/sq ftPrice 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!
  • Listed by: Trisha Potts 219.204.8312 trishamariepotts@gmail.com • RE/MAX Executives
Listing closed: 01/12/2026 12:00 AM • Source: Northwest Indiana REALTORS® Association as distributed by MLS GRID, MLS#: 814093

Location

Listing Courtesy of RE/MAX Executives

Sold By RE/MAX Executives

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Property Information for 226 East Washington Street

Property Details
  • Taxes: $1,165 / year
  • MLS Type: Residential Income / Quadruplex
  • Subdivision: City/Rensselaer
  • Pets Allowed: Call
  • OriginalListPrice: $599,000.00
  • NRA_ExemptionYN: No
  • NRA_AuctionYN: No
  • TaxAssessedValue: $95,400.00
  • NRA_EarnestMoneyDeposit: $10,000.00
Building Information
  • Residences: 4
  • Year Built: 1906
  • Lot Size: 0.25 AC / 10,934 SF
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
  • LotSizeSource: Assessor
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 3730.0
  • BelowGradeUnfinishedArea: 0.0
  • View: Downtown
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1906
  • Lot Description: Corner Lot
  • Road Access: City Street
  • NewConstructionYN: No
  • GarageYN: No
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Electric: 200+ Amp Service, Separate Meters
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Entrance
  • Out Buildings: None
  • Foundation Details: Block, Combination
  • Levels: Quad-Level
  • Fencing: None
  • PatioAndPorchFeatures: Covered, Rear Porch, Front Porch
  • PoolFeatures: None
  • PropertyCondition: Updated/Remodeled
  • WindowFeatures: Blinds, ENERGY STAR Qualified Windows
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
  • FireplaceYN: No
  • LaundryFeatures: Multiple Locations, In Unit
  • SecurityFeatures: Carbon Monoxide Detector(s), Varies By Unit, Smoke Detector(s)
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: All Utilities
  • OwnerPays: Grounds Care, Taxes, Snow Removal, Repairs, Insurance

Property History for 226 East Washington Street

DateEvent & SourcePriceAppreciation
Jan 12, 2026

Sold

Northwest Indiana REALTORS® Association #814093

$562,000
Oct 24, 2025

Pending

Northwest Indiana REALTORS® Association #814093

Oct 24, 2025

In Contract

Northwest Indiana REALTORS® Association #814093

DateEvent & SourcePrice
01/12/2026

Sold

Northwest Indiana REALTORS® Association #814093

$562,000
10/24/2025

Pending

Northwest Indiana REALTORS® Association #814093

10/24/2025

In Contract

Northwest Indiana REALTORS® Association #814093

For completeness, we 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$415,000Total$444,700
Tax Record2025$5,771 ($481 / month)
Home Facts
Baths2Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtUnfinished Basement SqFt1,444 SqFtStories4Lot Size10,934 SqFtStyleMulti-Family Res (5+ Units)Year Built1906Year Renovated1906ZoningBUFFCountyJASPERAPN37-07-30-020-017.209-027

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 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 RE/MAX Executives

Based on information submitted to the MLS GRID as of 01/12/2026 01:16 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.