309 SE 2nd St

Washington, IN 47501

$1,500,000
Price
8
Beds
3,269 Sq. Ft.
$459 / Sq. Ft.
3,269
Sq. Ft.
$459
per Sq. Ft.

Description

Great Cap Rate! Total Gross Income of over $16,781.00 Monthly. This is a total package 19 rental Units to be sold as one Portfolio all located in Washington IN! Addresses and rents are as followed: 211 S Meridian Street (14-10-34-201-043.000-017): $1550.00, 107 NE 2nd St (14-10-27-403-042.000-017): $1100.00, 601 N St Rd 57 (14-10-27-401-006.000-017): $781.00, 312 N St Rd 57 (14-10-27-401-043.000-017): $3650.00, 308 N St Rd 57 (14-10-27-401-046.000-017) $ 3800.00, 309 SE 2nd St (14-10-34-102-054.000-017):...Great Cap Rate! Total Gross Income of over $16,781.00 Monthly. This is a total package 19 rental Units to be sold as one Portfolio all located in Washington IN! Addresses and rents are as followed: 211 S Meridian Street (14-10-34-201-043.000-017): $1550.00, 107 NE 2nd St (14-10-27-403-042.000-017): $1100.00, 601 N St Rd 57 (14-10-27-401-006.000-017): $781.00, 312 N St Rd 57 (14-10-27-401-043.000-017): $3650.00, 308 N St Rd 57 (14-10-27-401-046.000-017) $ 3800.00, 309 SE 2nd St (14-10-34-102-054.000-017): $4200.00, 301 N Meridian St (14-10-27-301-146.000-017): $1700.00. This portfolio is fully operational, with a professional property manager in place! Properties are selling Subject to Tenants Rights.
  1. Listed by Delmar Wagler • Integrity Realty Group LLC • Office: 812-636-5600

Property Details for 309 Southeast 2nd Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 10/02/2025 06:00 PM

Property Details for 309 Southeast 2nd Street

StatusActive
MLS #202515227
Days on Market236
Taxes$21,548 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1890
Lot Size0.21 AC / 9,120 SF
CountyDaviess County

Location

Listing Courtesy of Integrity Realty Group LLC
Add your commute

Building Information for 309 Southeast 2nd Street

Stories2Residences18Year Built1890Building Size-Lot Size0.21 AC / 9,120 SF

Payment Calculator

$9,208 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$1,796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 309 Southeast 2nd Street

Summary
Location and General Information
  • Area: Daviess County
  • City: Washington
  • Zip + 4: 3516
  • Zip Code: 47501
  • State: IN
  • Township: Washington
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18027
  • Directions To Property: From Hwy 57 turn left onto Harned Ave. Turn right onto 2nd St. Turn left onto Sycamore St. The property is the first house onto the right.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 14-10-34-102-054.000-017
School Information
  • School District: Washington Community Schools
  • Elementary: Washington Community Schools
  • Middle School: Washington
  • High School: Washington
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.21
  • Lot Dimensions: 0.21
  • Below Grade Unfin Sqft: 1591.0
  • Total Square Feet: 4860.0
  • Approx Lot Size Sqft: 9120.0
  • Above Grade Finished Sqft: 3269.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1591.0
  • Total Finished Sqft: 3269.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1890
  • Age: 135
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Ceiling Fan, Off Street Parking, Storage, Closet(s) Walk-in, Eat-In Kitchen, Porch Open, Water Heater Gas
  • Exterior: Shingle, Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
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: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: Window
  • Flooring: Finished
  • Heating/Fuel: Gas
  • Stories: 2
  • Number of Above Grade Bedrooms: 8
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 16
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 1
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 17
  • Number of Units: 18
Income & Expenses Information
  • Annual Electric Expense: $9,086.78
  • Annual Fuel Expense: $4,740.66
  • Annual Gross Rent $: $249,372
  • Annual Insurance Expense: $15,156
  • Annual Maint. Expense: $0
  • Annual Misc: $3,640
  • Annual Net Income: $185,300
  • Annual Property Tax: $21,548
  • Annual Trash Expense: $1,800
  • Annual Water/Sewer Exp: $8,100
  • Gross Monthly Income: $20,781
  • Gross Monthly Rent: $20,781
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: None

Property History for 309 Southeast 2nd Street

DateEvent & SourcePriceAppreciation
Apr 30, 2025

Price Change

Indiana Regional MLS #202515227

$1,990,500—
Apr 30, 2025

Price Change

Indiana Regional MLS #202515227

$1,600,000—
Apr 30, 2025

Listed (Active)

Indiana Regional MLS #202515227

$1,500,000—
DateEvent & SourcePrice
04/30/2025

Price Change

Indiana Regional MLS #202515227

$1,990,500
04/30/2025

Price Change

Indiana Regional MLS #202515227

$1,600,000
04/30/2025

Listed (Active)

Indiana Regional MLS #202515227

$1,500,000

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

Public Records for 309 Southeast 2nd Street

Taxable ValueLand$5,800Additions$104,800Total$110,600
Tax Record2024$2,212 ($184 / month)
Home Facts
Baths3Total Finished SqFt3,269 SqFtAbove Grade Finished SqFt3,269 SqFtStories2Lot Size9,120 SqFtStyleSingle Family ResidenceYear Built1890CountyDAVIESSAPN14-10-34-102-054.000-017

Schools near 309 Southeast 2nd Street

This home is within Washington Community Schools.
Rating
School
Type
Grades
Distance
Washington Primary
Public - PK to 1
Washington Junior High School
Public - 7 to 8
Washington High School
Public - 9 to 12
Washington Catholic Mid/High School
Private - 5 to 12
Rating
School
Distance
Washington Primary
PublicPK to 1

Washington Junior High School
Public7 to 8

Washington High School
Public9 to 12

Washington Catholic Mid/High School
Private5 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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More information about 309 Southeast 2nd Street, Washington, IN 47501

309 Southeast 2nd Street is a multi-family home for sale in Washington, IN 47501. This property was listed for sale on April 30, 2025 by Integrity Realty Group LLC, it's currently listed at $1,500,000. This listing's school district is Washington Community Schools. Nearby schools include Washington Primary, Washington Junior High School and Washington High School. 309 Southeast 2nd Street is a 8-bed, 4-bath, 3,269 sqft multi-family home built in 1890.

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 Integrity Realty Group LLC

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.