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    106 W Grace St Rensselaer, IN 47978

    New
    Pending
    For Sale
    $299,900

    Fiveplex - Rensselaer, IN

    Property size:
    3,960 SF
    Lot size:
    0.20 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 106 W Grace St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    5
    APN
    37-07-30-011-017.019-027
    EntryLevel
    Upper,Main
    Exterior features
    Basement, None
    Basement Y/N
    1
    Appliances
    Microwave, Range
    Size
    3,960 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    5
    Flooring type
    Carpet, Vinyl
    Architectural style
    Other

    Stucker Realty, Inc (219) 261-2910 [email protected]

    Listing agent James Taulman (219) 261-2910 License #RB14038382

    Listing date Dec 2, 2025

    MLS# 202545828 Listing URL

    Copyright © 2025 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rensselaer Five-Unit Multi-Family Property

    This five-unit apartment building is situated on a corner lot, minutes from downtown amenities. The property features a unit mix that includes one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units, each with one full bathroom. Tenants have access to off-street parking in a dedicated parking lot. The property is located in Rensselaer, Indiana, in Jasper County. The lot size is 0.198 acres and the property size is 3,960 square feet. This multi-family property presents an investment opportunity with steady cash flow potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.149279
    Latitude
    40.933764

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building near downtown with strong rental potential.
    Where is this apartment building located?
    The property is located at 106 W Grace St Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Strong rental income potential as a 5-unit multi-family property.; - Desirable location near downtown amenities.; - Appealing unit mix: one 3-bedroom, one 2-bedroom, and three 1-bedroom units.
    (219) 261-2910
    Request Owner's contact information
    106 W Grace St Rensselaer, IN 47978
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 W Grace St Rensselaer, IN 47978
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