Sold
Last Sold Price
5 beds2,668 sqft
537 N Spring St, Wabash, IN 46992
Multi FamilyProperty Type
0.29 acresLot Size
1900Year Built
$41/sq ftPrice per sq ft
6 carsParking Spaces

Description

This property has 2 rental properties. There is a 2 bedroom ranch style home that has some new flooring, new kitchen counter tops, new overhead lighting, thermostatically controlled electric fireplace. Th renter pays the electric on theis tottally electric unit. The second property has 3 units. Apartment 1 is a 2 bedroom with new flooring, fresh paint, built in china cabinet. Apartment 2 is a studio apartment with fresh paint and new flooring. Apartment 3 is a 1 bedroom with fresh paint. The 3 unit...This property has 2 rental properties. There is a 2 bedroom ranch style home that has some new flooring, new kitchen counter tops, new overhead lighting, thermostatically controlled electric fireplace. Th renter pays the electric on theis tottally electric unit. The second property has 3 units. Apartment 1 is a 2 bedroom with new flooring, fresh paint, built in china cabinet. Apartment 2 is a studio apartment with fresh paint and new flooring. Apartment 3 is a 1 bedroom with fresh paint. The 3 unit building the landlord pays the utilities. All the ranges and refrigerators remain with the apartment. Monthly utilities cost is $177/mo on the 3 unit building and renter pays electricity on the 2 bedroom ranch home.
  • Listed by: Lynn Yohe • Lundquist Appraisals & Real Estate
Listing closed: 12/02/2021 12:00 AM • Source: Indiana Regional MLS, MLS#: 202147415

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$149,000

Avg days on market

100

Sale-to-list ratio

87.6%

Wabash, IN

9 comparable properties found

$149,000 | 250 Manchester Avenue, Wabash, IN 46992
1/34
1

$149,000

Sold 11/04/24

5
Bedrooms
2,586
Square Feet
0.31
Acres
$149,000 | 40-42 West Maple Street, Wabash, IN 46992
1/33
2

$149,000

Sold 11/04/24

5
Bedrooms
2,402
Square Feet
0.2
Acres
$140,000 | 550 Bond Street, Wabash, IN 46992
1/36
3

$140,000

Sold 04/30/25

5
Bedrooms
2,152
Square Feet
0.23
Acres
4

$185,000

Sold 07/25/25

5
Bedrooms
4
Bathrooms
4,328
Square Feet
0.14
Acres
$125,000 | 493-495 West Hill Street, Wabash, IN 46992
1/37
5

$125,000

Sold 11/04/24

5
Bedrooms
2,412
Square Feet
0.2
Acres
$222,900 | 472 Vermont Street, Wabash, IN 46992
1/34
6

$222,900

Sold 04/21/26

5
Bedrooms
2,342
Square Feet
0.17
Acres
$102,000 | 691 West Hill Street, Wabash, IN 46992
1/16
7

$102,000

Sold 07/20/26

5
Bedrooms
3,450
Square Feet
0.26
Acres
$100,000 | 303 Chestnut Street, Wabash, IN 46992
1/23
8

$100,000

Sold 12/04/24

5
Bedrooms
2,739
Square Feet
3.46
Acres
$215,000 | 1380 Vernon Street, Wabash, IN 46992
1/37
9

$215,000

Sold 11/08/24

5
Bedrooms
2,806
Square Feet
0.33
Acres

Location

Listing Courtesy of Lundquist Appraisals & Real Estate

Sold By Lundquist Appraisals & Real Estate

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$702 per month

30 year fixed, 7.03% Interest

Principal and Interest

$587

Property Taxes

$115

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 537 North Spring Street

Property Details
  • Taxes: $1,376 / year
  • MLS Type: Multi Family / Apartment Building
  • Style: Two Story
  • Subdivision: Other
  • Waterfront: No
  • Pet Restrictions: Yes
Building Information
  • Building/Complex: 537 N Spring St
  • Stories: 2
  • Residences: 4
  • Year Built: 1900
Summary
Location and General Information
  • Area: Wabash County
  • City: Wabash
  • Zip Code: 46992
  • State: IN
  • Township: Noble
  • Fips Code: 18169
  • Directions To Property: Manchester Ave to Spring St turn south to address.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2021
  • Parcel Number Id: 85-14-11-203-149.000-009
School Information
  • School District: Wabash City Schools
  • Elementary: OJ Neighbors
  • Middle School: Wabash
  • High School: Wabash
Parking
  • Number Of Parking Spaces: 6
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.29
  • Lot Dimensions: 60x211
  • Below Grade Unfin Sqft: 1334.0
  • Total Square Feet: 4002.0
  • Approx Lot Size Sqft: 12632.0
  • Above Grade Finished Sqft: 2668.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1334.0
  • Total Finished Sqft: 2668.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 121
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 1
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: None
  • Flooring: Carpet, Vinyl
  • Heating/Fuel: Gas, Baseboard, Forced Air
  • HVAC: Ceiling Fan
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • 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: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 3
  • Number of Buildings: 2
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $10.00
  • Annual Fuel Expense: $10.00
  • Annual Gross Rent $: $32,400
  • Annual Insurance Expense: $1,635
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $29,335
  • Annual Property Tax: $1,376
  • Annual Trash Expense: $24
  • Annual Water/Sewer Exp: $10
  • Gross Monthly Income: $2,700
  • Gross Monthly Rent: $2,700
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Currently Rented: Yes
  • Unit 1-Rent Frequency: Weekly
  • Unit 1-Unit Rent $: $200
Unit 2
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Rent $: $500
Unit 3
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Currently Rented: Yes
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Rent $: $700
Unit 4
  • Unit 4 SqFt: 840
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Unit Number: 1 sto
  • Unit 4-Unit Rent $: $700
Rental
Rental Information
  • Lease Term: None
  • Owner Pays: Electric, Heating, Sewer
  • Tenant Pays: Electric

Property History for 537 North Spring Street

DateEvent & SourcePriceAppreciation
Dec 2, 2021

Sold (Public Record)

Public Record #1505235792

$110,000

+105.1% / yr

Dec 2, 2021

Sold

Indiana Regional MLS #202147415

$110,000—
Nov 18, 2021

Pending

Indiana Regional MLS #202147415

—
DateEvent & SourcePrice
12/02/2021

Sold (Public Record)

Public Record #1505235792

$110,000

+105.1% / yr

12/02/2021

Sold

Indiana Regional MLS #202147415

$110,000
11/18/2021

Pending

Indiana Regional MLS #202147415

—

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

Public Records for 537 North Spring Street

Taxable ValueLand$10,400Additions$103,000Total$113,400
Tax Record2025$2,292 ($191 / month)
Home Facts
Beds2Baths1Total Finished SqFt840 SqFtAbove Grade Finished SqFt840 SqFtStories1Lot Size12,660 SqFtStyleSingle Family ResidenceYear Built1979Year Renovated1979CountyWABASHAPN85-14-11-203-149.000-009

Schools near 537 North Spring Street

This home is within Wabash City Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
O J Neighbours Elementary School
PublicPK to 4

Wabash Middle School
Public5 to 8

Wabash High School
Public9 to 12

Emmanuel Christian School
PrivatePK 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.

Similar Homes

New listings in 46992

$475,000 | 630 Lems Way, Wabash, IN 46992
1/50
Cont - First Right

$475,000

5
Bedrooms
4,396
Square Feet
0.63
Acres
$295,000 | 669 Fairway Drive, Wabash, IN 46992
1/47

$295,000

4
Bedrooms
1,568
Square Feet
0.35
Acres
$245,000 | 1882 Stitt Street, Wabash, IN 46992
1/32

$245,000

3
Bedrooms
1,400
Square Feet
0.38
Acres
$169,900 | 347 East Main Street, Wabash, IN 46992
1/31

$169,900

3
Bedrooms
2,014
Square Feet
0.24
Acres
$254,900 | 665 Linlawn Drive, Wabash, IN 46992
1/34

$254,900

3
Bedrooms
1,948
Square Feet
0.18
Acres
$200,000 | 6463 East 500 South, Wabash, IN 46992
1/42

$200,000

3
Bedrooms
1,848
Square Feet
0.75
Acres
$477,500 | 660 Lems Way, Wabash, IN 46992
1/50

$477,500

3
Bedrooms
2,974
Square Feet
0.54
Acres
$750,000 | 5 Creekside Drive, Wabash, IN 46992
1/50

$750,000

4
Bedrooms
3,170
Square Feet
0.4
Acres
$165,000 | 1167 Falls Avenue, Wabash, IN 46992
1/21

$165,000

3
Bedrooms
1,014
Square Feet
0.20
Acres

Nearby home values

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 Lundquist Appraisals & Real Estate

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.