501 SW 3rd St

2,200 Sq. Ft.
$193 / Sq. Ft.
2,200
Sq. Ft.
$193
per Sq. Ft.

Description

Awesome 12 Bedroom Development for sale in Loogootee, Indiana. Consisting of 2 Newer Duplexes that are fully rented. If you have been thinking Low Maintenance, High Cap Rate, Great Location; Look In. This one could be a great Cash Cow for years to come for you and your grandchildren. It is well situated to benefit from all the Growth at Crane Naval Base, as well as Strong Rental Markets in Loogootee, Jasper, and Washington. Property is at 100% Occupancy & currently producing over $52,000 annual revenue!Awesome 12 Bedroom Development for sale in Loogootee, Indiana. Consisting of 2 Newer Duplexes that are fully rented. If you have been thinking Low Maintenance, High Cap Rate, Great Location; Look In. This one could be a great Cash Cow for years to come for you and your grandchildren. It is well situated to benefit from all the Growth at Crane Naval Base, as well as Strong Rental Markets in Loogootee, Jasper, and Washington. Property is at 100% Occupancy & currently producing over $52,000 annual revenue!
  1. Listed by Delmar Wagler • Integrity Realty Group LLC • Office: 812-636-5600

Property Details for 501 Southwest 3rd Street

Style
One Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 03/27/2026 05:32 PM

Property Details for 501 Southwest 3rd Street

StatusActive
MLS #202610289
Days on Market1
Taxes$340 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built2024
Lot Size0.34 AC / 14,810 SF
CountyMartin County

Location

Listing Courtesy of Integrity Realty Group LLC
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Building Information for 501 Southwest 3rd Street

Stories1Residences4Year Built2024Building Size-Lot Size0.34 AC / 14,810 SF

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Principal and Interest

$2,063

Property Taxes

$28

HOA Dues

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Property Information for 501 Southwest 3rd Street

Summary
Location and General Information
  • Area: Martin County
  • City: Loogootee
  • Zip + 4: 1843
  • Zip Code: 47553
  • State: IN
  • Township: Perry
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18101
  • Directions To Property: From E Broadway St. Turn right onto SW 2nd St. Turn right onto Fullerton St. Property is on the left.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 51-08-24-300-208.000-008
  • Parcel Id 2: 51-08-24-300-207.000-008
School Information
  • School District: Loogootee Community S.D.
  • Elementary: Loogootee
  • Middle School: Loogootee
  • High School: Loogootee
Parking
  • Number Of Parking Spaces: 8
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.34
  • Lot Dimensions: 0.34 Acres
  • Lot Number: 5
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2200.0
  • Approx Lot Size Sqft: 14810.0
  • Above Grade Finished Sqft: 2200.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2200.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 2024
  • Age: 2
  • Planned Unit Development: No
Utilities
  • Sewer: Public
  • Water Utility: Public
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Metal, 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: No
  • Basement/Foundation: Slab
  • Cooling: Central Air
  • Flooring: Vinyl
  • Heating/Fuel: Gas
  • Stories: 1
  • Number of Above Grade Bedrooms: 6
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 6
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 4
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $52,800
  • Annual Insurance Expense: $5,808
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $40,532
  • Annual Property Tax: $340
  • Annual Trash Expense: $2,040
  • Annual Water/Sewer Exp: $4,080
  • Gross Monthly Income: $4,400
  • Gross Monthly Rent: $4,400
Rental
Rental Information
  • Lease Term: Other
  • Owner Pays: Building Insurance, Trash Collection, Water
  • Tenant Pays: Electric, Heating

Property History for 501 Southwest 3rd Street

DateEvent & SourcePriceAppreciation
Mar 27, 2026

Listed (Active)

Indiana Regional MLS #202610289

$425,000
May 31, 2024

Sold (Public Record)

Public Record #1540858555

$30,000
Feb 5, 2015

Expired

Indiana Regional MLS #201435358

Aug 4, 2014

Listed (Active)

Indiana Regional MLS #201435358

$29,900
DateEvent & SourcePrice
03/27/2026

Listed (Active)

Indiana Regional MLS #202610289

$425,000
05/31/2024

Sold (Public Record)

Public Record #1540858555

$30,000
02/05/2015

Expired

Indiana Regional MLS #201435358

08/04/2014

Listed (Active)

Indiana Regional MLS #201435358

$29,900

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

Public Records for 501 Southwest 3rd Street

Taxable ValueLand$8,800Additions-Total$8,800
Tax Record2024$170 ($14 / month)
Home Facts
Beds0Lot Size7,200 SqFtStyleResidentialYear Built1970CountyMARTINAPN51-08-24-300-208.000-008

Schools near 501 Southwest 3rd Street

This home is within Loogootee Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - 1 to 8
Rating
School
Distance
Loogootee Elementary School
PublicK to 4

Loogootee Middle School
Public5 to 8

Loogootee Jr/Sr High School
Public9 to 12

Flat Creek School
Private1 to 8

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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501 Southwest 3rd Street is a multi-family home for sale in Loogootee, IN 47553. This listing's school district is Loogootee Community Sch Corp. Nearby schools include Loogootee Elementary School, Loogootee Middle School and Loogootee Jr/Sr High School. 501 Southwest 3rd Street is a 6-bed, 2-bath, 2,200 sqft multi-family home built in 2024.

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.